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Applicability of CARO

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(Querist)
06 September 2008 If paid up sharecapital & reserves exceeds Rs.50 lakhs, CARO is applicable.

Whether Share Premium is included in the defination of 'Reserves' for this purpose?
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CA Pawan Goswami

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CA Pawan Goswami (Expert)
06 September 2008 Yes
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
06 September 2008 yes
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