Caro 2015
This query is : Resolved
11 April 2015
is caro 2015 applicable for ca ipcc may 2015 ...plz rply asap...
11 April 2015
CARO 2015... ?????????????
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11 April 2015
Points added deleted in new CARO report
Please Note:
D refers to deleted
A refers to Added
D: if a substantial part of fixed assets have been disposed off during the year, whether it has affected the going concern
D: Loan given to 301 parties. If so, give the number of parties and amount involved in the transactions.
D: (b) whether the rate of interest and other terms and conditions of loans given or taken by the company, secured or unsecured, are prima facie prejudicial to the interest of the company;
D: (v) (a) whether transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered;
D: (b) whether each of these transactions have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time:
(This information is required only in case of transactions exceeding the value of five lakh rupees in respect of any party and in any one financial year
A: Inclusion of National Company Law tribunal, RBI or any other court or Tribunal in acceptance of deposits us 58AA (old)
A: Deposit of Stat Dues - in that clause Investor Education fund removed and separately mentioned as a point
The following clauses have been deleted from the New CARO , 2015
Clause nos as per old Caro.
Clause VII Internal Audit system requirement
Clause XII documentation for loans given by pledging the shares
Clause XIII Nidhi, Chit fund
Clause XIV dealing in Shares
Clause XVII short term loans are used for Long term purpose
Clause XVIII preferential alottment to parties and companies registered in 301 Register
Clause XIX securities created in respect of Debentures issued
Clause XX money raised by public issue.
Please Note:
D refers to deleted
A refers to Added
D: if a substantial part of fixed assets have been disposed off during the year, whether it has affected the going concern
D: Loan given to 301 parties. If so, give the number of parties and amount involved in the transactions.
D: (b) whether the rate of interest and other terms and conditions of loans given or taken by the company, secured or unsecured, are prima facie prejudicial to the interest of the company;
D: (v) (a) whether transactions that need to be entered into a register in pursuance of section 301 of the Act have been so entered;
D: (b) whether each of these transactions have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time:
(This information is required only in case of transactions exceeding the value of five lakh rupees in respect of any party and in any one financial year
A: Inclusion of National Company Law tribunal, RBI or any other court or Tribunal in acceptance of deposits us 58AA (old)
A: Deposit of Stat Dues - in that clause Investor Education fund removed and separately mentioned as a point
The following clauses have been deleted from the New CARO , 2015
Clause nos as per old Caro.
Clause VII Internal Audit system requirement
Clause XII documentation for loans given by pledging the shares
Clause XIII Nidhi, Chit fund
Clause XIV dealing in Shares
Clause XVII short term loans are used for Long term purpose
Clause XVIII preferential alottment to parties and companies registered in 301 Register
Clause XIX securities created in respect of Debentures issued
Clause XX money raised by public issue.
11 April 2015
The MCA has issued Companies (Auditor’s Report) Order,2015 vide order dated 10.04.2015. This will not be applicable for May 2015 eaxms.
Check out the Notification from link given below:
http://www.mca.gov.in/Ministry/pdf/Companies_Auditors_Report_Order_2015.pdf
https://www.caclubindia.com/forum/caro-2003-vs-caro-2015-325017.asp
Check out the Notification from link given below:
http://www.mca.gov.in/Ministry/pdf/Companies_Auditors_Report_Order_2015.pdf
https://www.caclubindia.com/forum/caro-2003-vs-caro-2015-325017.asp
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