Caro 2015

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2015 Hello all,
I am Confuse, CARO 2015 applicable of Private Limited Company, if fulfill All three Condition or one out of three condition

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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28 July 2015 CARO applicable to private limited company if-

1. paid up capit al and reserves not more than rupees 50 lakh and

2.which does not have loan outstanding exceeding rupees 25 lakh from any bank or financial institution and

3. does not have a turnover exceeding rupees 5 crore at any point of time during the financial year.

For non applicability three conditions to be satisfied in other words if any condition is not satisfied CARO Shall be applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2015 Dear Sir,
Please help me understand to CARO 2015
For Example:
Paid up Capital & Reserve 1,42,00,000 and
Loan from Bank 20,00,000 and
Turnover 60,00,000

CARO is Applicable or not

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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29 July 2015 CARO Applicable this case

since the paid up capital and reserves more than 50 lakh.

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2015 ok, thanku So Much Sir

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