Applicability of caro

This query is : Resolved 

14 September 2012 A Private company has an unsecured loan of 60 lakhs,paidup & reserve of 30 lakhs and turnover of 4 crores.Is CARO applicable to this company??

14 September 2012 Yes. It is very much applicable.

14 September 2012 plz give the reason why it is applicable??

15 September 2012 caro is not applicable

15 September 2012 Experts plz gv sm reasons with ur answers so dat i cn understand better.
plz rply


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