CARO

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CA SONI KRUNAL (Querist)
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08 June 2010 WHETHER WE HAVE TO REPORT IN CARO YEAR WISE,I.E. E.G. COMPANY HAS NOT RAISED ANY LOAN IN THE C.Y. BUT HAS OUTSTANDING LOAN OF LAST YEAR, SHOULD WE HAVE TO REPORT ON UTILISATION OF THAT LOAN?

WHETHER WE HAVE TO FOLLOWE CARO WORD BY WORD ORIGINALLY WRITTEN OR WE CAN USE OUR LANGUAGE?

IS IT COMPULSORY TO FOLLOW SEQUENCE IN CARO?

Jaina Shah

Jaina Shah (Expert)
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08 June 2010 1. No for that clause no need to report PY stuff.
2. Follow the language as far as possible but you have to change it a little like,
Eg, if co. desnt have FA then u can write that clause 4(i) that co doesnt have any fixed assets and therefore the Clause 4(i) of the order is not aplicable.
3.Yes follow the sequence. report clause by clause.

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