Conditions foe the applicability of caro 2003

 CARO applies to all companies including foreign companies except:-

1.Banking Company

2.Insurance Company

3.Company u/s 25 

4. PVT LTD  CO. subject to the following condition (1).Aggregate of paid up capital & reserve should not exceed 50Lakhs (2).Loan outstanding from bank or financial institution should not exceed 25 Lakhs (3) Turnover should not exceed 5 crore.

Rightly said by Ms. Richa

In CasePVT LTD  CO. subject to the following condition (1).Aggregate of paid up capital & reserve should not exceed 50Lakhs (2).Loan outstanding from bank or financial institution should not exceed 25 Lakhs (3) Turnover should not exceed 5 crore.

This above mention Condition are on cummulative Basis or on Individual Basis. Please Reply me As Soon As Possible