Dear Friends...
If once CARO is applicable for a private limited company, is it continues to be applicable even if it does satisfies the "not applicability conditions" in any other financial year?????
For example,
If the turnover of the private limited company exceeds Rs.5 crores.
And the other two conditions i.e.
paid up capital and reserves not more than Rs.50 Lacs and
which doesn’t have loan outstanding exceeding Rs.25 from any bank or Financial institution were satisfied
Please reply me the answer...
Regards!!!!
CAclubindia
