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Sonal (CA Final)     05 January 2021

CARO applicability

One of my clients turnover is more than Rs. 10 crs., paid up share capital is more than Rs. 1 cr. But it doesnt have any borrowings. Whether CARO provisions will be applicable to such private limited company?

 



 2 Replies

Sourav

Sourav (Student)     05 January 2021

Yes caro 2020 will be applicable
Spurto Consultancy Services

Spurto Consultancy Services (Consultant)     05 January 2021

Yes it will be applicable. CARO 2020 has been made applicable from 1st April 2021


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