Applicability of caro to pvt ltd co.

1) yes, all the conditions have to be simultaneously satisfied...

2) These limits hav 2 be chckd at any point of tym during the financial year

So, in case, the LOAN amount exceeds Rs 25 lakh(though later reduced),

bt still CARO will be applicable to such pvt ltd company

plz correct me if m wrng

Thanks Sumit but just one doubt...

Since all the conditions needs to be satisfied simultaneously, then if loan reduced later on then how can it will be applicable. Because when loan was exceeding Rs. 25 lakh that time other conditions were not satisfied e.g. turnover was below limit. when turnover exceeded the limit before that loan has been repaid.

kindly guide on issued of satisfation of conditions at one time.

In nutshell, it can be said that if at any point of tym during FY, any of the conditions is violated, then CARO becoms applicable to Pvt Ltd company......

yes sumit you are right.

If any of the condition is violated at any movement of time within the FY the CARO wil become applicable. it is immaterial whether the loan which was exceeding the limit was reduced within the limit by repayment.

In that case also CARO will be made applicable.

thanks guys

gr8 goin sumit