Caro

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 August 2012 clause no x of caro, we have to report on
"in case of a company which has been registered for a period not less than five years, We have to reports its accumulated losses at the end of the financial year are not less than fifty per cent of its net worth and whether it has incurred cash losses in such financial year and in the immediately preceding financial year"

what if the company is less than 5 years old and have accumulated loss and also incurred cash loss?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 August 2012 In case of a company which has been registered for less than 5 years, you have to mention "Not applicable".

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