Question ID :
34805
Applicability of CARO in FY 2017-18
Whether CARO is applicable to following Co.?
1. Turnover: Rs 28.08 Crore
2. Paid up share plus Reserve: Rs 23.03 crore
3. Borrowing: NIL
Posted by
CA. GHOSH SAMRAT
on
Sep 13, 2018
Filed Under
Companies Act, 2013
Pvt ltd cos are exempted from applicability of CARO 2016 if paid up capital plus reserve is less than 1 cr, borrowing is less than 1 cr and turnover is less than 10cr.
In your case it caro should be applicable even in case it is a pvt ltd company
Posted by
Deepak Gupta on
Sep 22, 2018