Auditors and directors report format for pvt ltd company

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Querist : Anonymous

Querist : Anonymous (Querist)

14 March 2012 Hello,

A Pvt Ltd Company has only 1 lac share capital and its turnover is always under 5 lacs. It has not accepted any public deposits and from banks and FI is less than the limit of 10 lacs. Hence, am I correct that CARO is not applicable to this company?

Please give me the format of Auditors Report(along with annexures, if any) and Directors Report. Is it any different for a company to whom CARO applies?

Ajay Mishra

Ajay Mishra (Expert)

14 March 2012 Hi

CARO will not apply if company have 1 lac capital.

For more details go to the following link:

https://www.caclubindia.com/forum/caro-applicability-pvt-co--106292.asp

Guest

Guest (Expert)

14 March 2012 CARO is not applicable in this case since captital, turnover and bank secured loans are lower than limits.

CARO Applicability: The order shall be applicable to:

Banking Company
Insurance Company
Section 25 Company
A private limited company with a paid-up and reserves not more than rupees “50 Lakhs ” and which does not have outstanding loan exceeding rupees “25 Lakhs” from any bank or financial institution and does not have a turnover exceeding rupees “5 Crores” at any point of time during the financial year.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2012 Thanks!

Please give me a specimen auditor report and director's report for a company to whom CARO doesn't apply and does it significantly differ to a company to whom CARO applies?

Guest

Guest (Expert)

15 March 2012 Give your email id, I will mail it to you.

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2012 Thanks Neha!
yashsr@gmail DOT com

Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2012 Hello Neha,

Did you send an email to me at yashsr@gmail.com ? I haven't received it yet. Please send.

Guest

Guest (Expert)

21 March 2012 I have sent u mail. Pls check.