HELLO FRIENDS
I HAVE A CONFUSION...PLZ HELP ME TO CLEAR IT..
CARO 2004(amended 2006) is not applicable to a Private co. whose
(1) Paid up-capital and reserves do not exceed 50 Lakhs
(2) Outstanding Loan amount do not exceed 50 Lakhs
(3) Annual Turnover do not exceed 5 crores at any time during F.Y.
My question is that whether all these conditions are applicable cumulatively or individually....?
if any of the condition attracted to company than CARO will be applicable.
"if any of the condition attracted to company than CARO will be applicable.........."
Agree with Saroj kumar
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
