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Caro 2016 reporting
a private limited company paid up capital 2 crore and reserves and surplus -2.10 crore. Is caro 2016 applicable to such company?
Replies (5)
Quick Summary
CARO not applicable to a Pvt. Ltd. having
1. A paid up capital and reserves and surplus not more than 1 Crore and
2. Total borrowings not more than 1 crore from any bank or financial institution and
3. Total revenue not more 10 crores during the financial year.
If all this three conditions satisfied, than CARO, 16 not applicable.
1. A paid up capital and reserves and surplus not more than 1 Crore and
2. Total borrowings not more than 1 crore from any bank or financial institution and
3. Total revenue not more 10 crores during the financial year.
If all this three conditions satisfied, than CARO, 16 not applicable.
2nd and 3rd conditions satisfied. I want to know while checking the first condition paid up share capital and reserves considered individually or in aggregate value.
It's Aggregate, Paid up capital and reserves and surplus
CARO not applicable in your case.
CARO not applicable in your case.
Thank you sir
Most welcome......
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