Query on applicability of caro
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2015
Sir, If a company has a paid up capital of Rs.40 LAkhs and reserve and surplus of rs 25 lakh, then whether exemption of small company w.r.t caro is applicable to it or would it be liable for caro reporting as a private company.
06 August 2015
Exception not applicable since violated clause 2(v) (1st condition) of CARO, 2015. Therefore,CARO reporting is mandatory.
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