10 October 2013
www.knowledgebible.com/forum/showthread.php/5525-CARO-2003-Applicability-of-the-Companies-auditors-report-order-Companies-not-Covered-by-the-Order-Private-Limited-Company-Paid-up-Capital
No, it will not applicable on Banking Company, Insurance company, Section 25 Company and Private Company:
'a private limited company with a paid up capital and reserves not more than rupees fifty lakh and which does not have loan outstanding exceeding rupees twenty five lakh from any bank or financial institution and does not have a turnover exceeding rupees five crore at any point of time during the financial year.
CAclubindia
