Caro applicability
This query is : Resolved
21 July 2016
if share capital is more than 1 Cr . whether Caro is applicable for private limited company
21 July 2016
Yes, it will be applicable. If paid up capital and free reserves exceed 50 lakhs then CARO is applicable irrespective of turnover and outstanding loans.
21 July 2016
@ Ruchi
It is one crore as per CARO,2016.
It is one crore as per CARO,2016.
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