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Caro 2003

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2012 Hello,
My query is:
If the paid up capital of a Private Limited Company is Rs. 50,00,000 & reserves are negative (reserves include only p&l account) since there is no revenue.
Whether CARO would be applicable?
Please reply asap..
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CA Manish

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CA Manish (Expert)
23 November 2012 No CARO wont be applicbale.

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