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....?
CAclubindia
