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Question ID : 21154

Applicability of CARO 2020

Regarding Private Limitred, have one Confusion . In the Order it is mentioned that

not being a subsidiary or holding company of a public company

Here My Query is Whether if Private Limited Company is a Subsidiary of one foreign Company. Then CARO is applicable to this or nor?

Because of the Professionals are telling that CARO is applicable to Any Subsidiary Company.

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Posted by LAKSHMI NARAYANA PANTHANGI on Sep 21, 2023
Filed Under AUDIT

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