Caro
This query is : Resolved
CA Niresh Rajput
(Querist)
01 July 2012
CARO is applicable on which Companies ?
Ajay Mishra
(Expert)
02 July 2012
Hi
Following link will help you:
https://www.caclubindia.com/forum/applicability-of-caro-2004-for-private-limited-cos-9630.asp#.T_Ff9lHKnWU
Following link will help you:
https://www.caclubindia.com/forum/applicability-of-caro-2004-for-private-limited-cos-9630.asp#.T_Ff9lHKnWU
CA Mayank Chopra
(Expert)
04 July 2012
The provisions of CARO 2003 are applicable to all companies excepting:
(a) Banking Companies
(b) Insurance Companies
(c) Companies licensed to operate u/s 25 of the Companies Act (non profit objective Companies for promotion of art, charitable purpose etc)
(d) Private Ltd Companies with a paid up Capital and reserves of not more than Rs. 50 lakhs, which has not accepted public deposit and does not have outstanding loan exceeding Rs. 25 lakhs or more from any bank or financial institution and does not have turnover exceeding Rs. Five crores.
Stay Happy & Bright
CA Mayank Chopra
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(a) Banking Companies
(b) Insurance Companies
(c) Companies licensed to operate u/s 25 of the Companies Act (non profit objective Companies for promotion of art, charitable purpose etc)
(d) Private Ltd Companies with a paid up Capital and reserves of not more than Rs. 50 lakhs, which has not accepted public deposit and does not have outstanding loan exceeding Rs. 25 lakhs or more from any bank or financial institution and does not have turnover exceeding Rs. Five crores.
Stay Happy & Bright
CA Mayank Chopra
Mob: +91 971777-5548
Email: ca.mayankchopra @ gmail.com
Facebook page: https://www.facebook.com/camchopra
Facebook account : https://www.facebook.com/camayankchopra
Linkedin: https://in.linkedin.com/in/camayankchopra
Skype: mayank.chopra17
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