When is CARO compulsory?
This query is : Resolved
10 December 2008
Please state the conditions when CARO is compulsory?
10 December 2008
hi ishita
Caro applies (rather compulsory) to all companies except
1.a banking company as defined in Banking Regulation Act,1949.
2. an insurance company as defined in the Companies act,1956.
3.a company licensed u/s 25 of the CompaniesAct,1956.
4.a private limited company with paid up capital and reserves not more than Rs.50 lakhs and does not have outstanding loan exceeding Rs.25 lakhs or more from any bank or financial institution and does not have a turnover exceeding Rs. 5 crores.
Caro applies (rather compulsory) to all companies except
1.a banking company as defined in Banking Regulation Act,1949.
2. an insurance company as defined in the Companies act,1956.
3.a company licensed u/s 25 of the CompaniesAct,1956.
4.a private limited company with paid up capital and reserves not more than Rs.50 lakhs and does not have outstanding loan exceeding Rs.25 lakhs or more from any bank or financial institution and does not have a turnover exceeding Rs. 5 crores.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Entries in AIS regarding sale of units and shares
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
