CARO
This query is : Resolved
25 June 2011
When the company is default to pay to the non-Banking financial institution, is it required to state in the CARO report?
25 June 2011
Point 3.5.1 of CARO:Has the company taken any loans, secured or unsecured from companies, firms or other parties listed in the register maintained u/s 301 of the Companies Act. Give No. of parties and amount involved in transactions.(Maximum
balance outstanding at any time during the year for each party should be considered )
----From the above it is clear that loan which was taken from NBFC also covered under CARO.
balance outstanding at any time during the year for each party should be considered )
----From the above it is clear that loan which was taken from NBFC also covered under CARO.
06 July 2023
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