Caro applicability
This query is : Resolved
16 March 2016
Dear Sir,As per CARO,2015,CARO is not applicable to
a private limited company with a paid up capital and reserves not more than rupees fifty lakh and which does not have loan outstanding exceeding rupees twenty five lakh from any bank or financial institution and does not have a turnover exceeding 5 crores.Do loans include both secured and unsecured?
16 March 2016
All kinds of Loan (whether short term or long term, secured or unsecured) from Banks and / or Financial Institutions should be considered to check the applicability.
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