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Caro 2003

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(Querist)
25 August 2011 Dear sir/madam
Pls answer
whether CARO 2003 applicable to a Company which as paid up capital and reserves more than 50 lakhs and loans outstanding 25 lakhs but turnover has not exceeded five crores rupees at any point of time



its urgent
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ABHISEK TOSNIWAL

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ABHISEK TOSNIWAL (Expert)
28 August 2011 Dear Arun,

Yes CARO, 2003 will be applicable as from the 3 conditions mentioned for applicability of CARO any 1 condition need to be satisfied.

Thus in your case CARO will be applicable to the company.

Regards
Abhisek Tosniwal
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