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