Urgent plz reply

, CARO 2003 shall apply to all Companies (including foreing companies)  subject to Following,

Insurance Companies, Banking Companies, Sec 25 companies and 

Private Companies , 1 with paid up capital & reserves not more than 5000000

                           and   2 outstanding loan not exceeding rs. 1000000

                          and   3  turnover not exceeding Rs 50000000,

therefore CARO is applicable in your case as it satisfies all the three

regards

sripal jain

, CARO 2003 shall apply to all Companies (including foreing companies)  subject to Following,

Insurance Companies, Banking Companies, Sec 25 companies and 

Private Companies , 1 with paid up capital & reserves not more than 5000000

                           and   2 outstanding loan not exceeding rs. 1000000

                          and   3  turnover not exceeding Rs 50000000,

therefore CARO is applicable in your case as it doesnt satisfy the last point turnover,but its satisfies first condition and second condition 

regards

sripal jain

Thanx a Lot Mr.Sripal :-)

 outstanding loan not exceeding rs. 1000000 or 25 Lakh pls clarify