Applicability of CARO 2003

ayesha (na) (50 Points)

05 August 2009  

If CARO is once applicable then for how many years will it be applicable ? For example: If in first year the turnover is exceeding Rs.25 Crores and in the second year it is not exceeding 25 Crores then will CARO be applicable for the second year? if yes then for how many years will it continue to be applicable?