Caro

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27 December 2014 APPLICABIITY OF CARO ON PRIVATE COMPANY

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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31 December 2014 A private limited company which satisfies the following conditions :

1. a private limited company with a paid up capital and reserves not more than Rs. 50 Lakhs and

2.which does not have loan outstanding exceeding Rs. 25 Lakhs from any bank or financial institution and

3.does not have a turnover exceeding Rs. 5 Crores at any point of time during the financial year.

CARO will not apply to private company

In order to be exempt from the applicability of CARO , Private company must satisfy all the above conditions at any point of time during the financial year.