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This query is : Resolved 
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(Querist)
06 October 2009 CARO 2003 APPLICABILITY CONDITIONS ARE CUMULATIVE OR NOT?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
06 October 2009 Yes cumulative for private limited company.

That is the company should not fall under any of the categories to be exempt from CARO
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