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CARO

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(Querist)
05 January 2021 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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 January 2021 1) CARO ,2016 is applicable.

2) Internal Financial Control reporting not applicable.
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