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?
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?
CA R SEETHARAMAN
(Expert)
12 November 2021
CARO applicable to this company as borrowing exceed one crore.
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