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Company Audit - Small Company are exempt from CARO Reporting

This query is : Resolved 

12 November 2021 Paid Up Share Capital - Rs 30 lakhs
Reserves & Surplus - Rs 65 lakhs
Turnover as per Last Reported Profit & Loss Ac - Rs 12 lakhs
Secured Loan and Unsecured Loan - Rs 8 crore

Is this Private Limited Company comes under Small Company and If yes, then CARO Reporting will be applicable to the Company?



12 November 2021 CARO applicable to this company as borrowing exceed one crore.


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