Caro reporting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2014 If in the First year company incurred losses which is exceeds net worth of company. than how we report in the CARO report (point no.X)
Please give notes.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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18 December 2014 you may write like this;

The accumulated losses of the Company at the end of the financial year are more than (_%) of its net worth. The company has incurred cash losses amounting to Rs. _________ in the current financial year.