Caro 2016

CA V JAYAPRAKASH

PROPRIETOR V JAYAPRAKASH & ASSOCIATES

32 Points Posted on 26 October 2016

THE FOLLOWING PRIVATE LIMITED COMPANIES ARE EXEMPTED.

THE PAID UP CAPITAL AND RESERVES ARE LESS THAN FIFTY LAKHS

NO OUTSTANDING AMOUNT OF RS 25 LAKHS OR MORE FROM ANY FINANCIAL INSTITUTION

TURNOVER DOES NOT EXCEED FIVE CRORES AT ANY POINT OF TIME DUING THE FINANCIL YEAR.

mounica

student

143 Points Posted on 26 October 2016

That means caro is not exempt for private unlimited companies

Piyush

Senior Audit Assistant

132 Points Posted on 26 October 2016

The CARO 16 would be applicable for unlisted companies irrespective of the size of their paid up capital and reserves, turnover or borrowings.

Rohit jain

Chartered Accountant

26 Points Posted on 27 October 2016

Caro mandatory for public limited companies whether listed or unlisted

mounica

student

143 Points Posted on 27 October 2016

Doubt is about private unlimited companies

CA V JAYAPRAKASH

PROPRIETOR V JAYAPRAKASH & ASSOCIATES

32 Points Posted on 27 October 2016

FOR PRIVATE LIMITED COMPANIES THE ABOVE THREE POINTS WILL APPLY.

Rohit jain

Chartered Accountant

26 Points Posted on 27 October 2016

For all the types of private companies limits described above all valid. Since the exemption is allowed only for private companies falling under the limits.

Rohit jain

Chartered Accountant

26 Points Posted on 27 October 2016

moreover, the word private Companies includes all types of private corporation whether limited by shares, limited by guarantee or the unlimited co

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mounica

CA V JAYAPRAKASH

mounica

Piyush

Rohit jain

mounica

CA V JAYAPRAKASH

Rohit jain

Rohit jain

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