Applicability of caro 2003 to a private comapny
This query is : Resolved
12 March 2012
Hello Experts,
My Query is,
There is one Private Company whose,
i) Paid up Capital & Reserves exceeds Rs 50 lac,
ii) o/s loan does not exceeds Rs 25 lac,
iii) and its turnover exceeds Rs 5 crore during the current financial year,
would CARO 2003 applicable to this private company??
My Query is,
There is one Private Company whose,
i) Paid up Capital & Reserves exceeds Rs 50 lac,
ii) o/s loan does not exceeds Rs 25 lac,
iii) and its turnover exceeds Rs 5 crore during the current financial year,
would CARO 2003 applicable to this private company??
12 March 2012
Yes it is applicable.
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