Provision Of CARO

Non-Applicability of CARO 2016
1.BANKING COMPANY
2.INSURANCE CO
3.OPC
4.SMALL CO
5.SEC.8 CO
6. PVT Co.
a) should not be subsidary or holding of a public company and
b) whose paidup capital &reserves shall not exceed 1 cr and
c) aggregate o/s borrowings form banks,fin institutions shall not exceed 1crore and
d) Total revenue includes Revenue from discontinued operations shall not exceed 10crores.

CARO exempts
a private limited company, not being a subsidiary or holding company of a
public company, having a paid up capital and reserves and surplus not
more than rupees one crore as on the balance sheet date and which does
not have total borrowings exceeding rupees one crore from any bank or
financial institution at any point of time during the financial year and which
does not have a total revenue as disclosed in Scheduled III to the
Companies Act, 2013 (including revenue from discontinuing operations)
exceeding rupees ten crore during the financial year as per the financial
statemen