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Applicability of CARO 2016
A Pvt Ltd company has paid up capital of rs.1,19,50,000 and reserves and surplus rs.1,10,27,085(dr.). Is CARO applicable to this company provided other conditions related to borrowing and turnover is satisfied.
Replies (1)
CARO 2016 is applicable since the Total of Paidup Capital + Reserves exceeds 1 Crore for the Financial Year.
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