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Caro applicability

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(Querist)
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?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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