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CARO 2020 Applicability

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(Querist)
23 March 2022 Dear Members,
Greeting of the day!

If a company having PUSC of Rs. 1.5 cr and Turnover of Rs. 18 cr. then CARO 2020 is applicable or not ?

Thanks!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 March 2022 Yes, CARO 2020 is applicable as turnover and share capital crossed the limits.

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