08 November 2013
If a pvt company fulfills all conditions relating caro applicability I.e paid up capital reserves is less than or = 50 lacs, o/s loan from Bank or financial institutions is less than or = 25 lacs and turnovers does nt exceed 5 crores BUT it has accepted public deposits. Is caro applicable to that company coz it has accepted public deposits? Or is public deposits included in limit of 25 lacs ?
CAclubindia
