Caro, 2003

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Ankur Patel (Querist)
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12 February 2015 Is there any amendment in Companies Auditors Report Order regarding its applicability in Companies Act 2013 or it is same as earlier?

Earlier rule:
Companies (Auditor's Report) Order, 2003 shall apply to every company including a foreign company as defined in section 591 of the Act, except the following :-
(i) a Banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);
(ii) an insurance company as defined in clause (21) of section 2 of the Act;
(iii) a company licensed to operate under section 25 of the Act; and
(iv) a private limited company with a paid up capital and reserves not more than fifty lakh rupees and has not accepted any public deposit and does not have loan outstanding twenty five lakh rupees or more from any bank or financial institution and does not have a turnover exceeding five crore rupees.

IS THERE ANY CHANGE IN SUCH RULE IN COMPANIES ACT 2013?