CARO 2003

This query is : Resolved

RAHUL LOHIYA (Querist)
Follow

10 August 2010 hi frnds, i m little confused about applicability of CARO 2003 for pvt ltd co.
please suggest me whether a pvt ltd co having share capital of 20 lakhs, loan from financial institution- 60 lakhs, turn-over of about 6 crore, is CARO 2003 applicable to the above mentioned co or not.

whether all the three condition required for pvt ltd co, required to be fulfilled simultaneously??????

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

10 August 2010 CARO is not applicable to 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

For CARO to not be applicable all the three conditions should be satisfied for its non applicability.

If one of the conditions satisfied then CARO applicable.

So CARO applicable in ur case.

Message likes : 1 times

RAHUL LOHIYA

RAHUL LOHIYA (Querist)
Follow

14 August 2010 thankz alot Mr. Aditya Maheshwari.........your comment will be of gr8 use for me.

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

14 August 2010 You are welcome.

You can also thank by using the thank user icon.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ruchi Shah

manojkumarkk

Samruddhi Agrawal

Kalyan Guha

Jayesh Pipalwa

Subscribe Now

CARO 2003

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Accountant

GST CONSULTANT

Senior Executive

Manager- Finance and Compliance