CARO APPLICABILITY 2016-17

As per Section 143 (11), it is mandatory obligation for the Auditors to post their Comments in theirAudit Report.

CARO Report is applicable on all the Companies except the following companies

Private Company having the turnover of less than 10 crore in a year

AND

 Private Company having borrowing from banks and finacial institution less than 1 crores

And

Private Companies which is not the holding or subsidiary of Public Company

All small companies

OPC Companies

Section 8 Companies

Insurance Companies

Banking Companies