CARO was issued under 1956 Act. Order u/s 143(11) of the 2013 Act is yet to be issued by the Govt. since National Financial Reporting Authority is yet to be constituted.
There is a confusion on applicability of CARO under New Companies Act. Hope that MCA will come with clarification before end of FY.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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