becker cma

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This query is : Resolved 

One of my client's turnover is more than Rs. 10 crs. and paid up share capital is more than Rs. 1 cr. but they dont have any loans outstanding at the end of the year.

Whether CARO and Internal Financial Controls will get applicable to such a Private Limited Company?

Thanks in advance

1) CARO ,2016 is applicable.

2) Internal Financial Control reporting not applicable.

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