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Applicability of CARO 2016
A Pvt Ltd company has paid up capital of rs.1,19,50,000 and reserves and surplus rs.1,10,27,085(dr.). Is CARO applicable to this company provided other conditions related to borrowing and turnover is satisfied.
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CARO 2016 is applicable since the Total of Paidup Capital + Reserves exceeds 1 Crore for the Financial Year.
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