Hello,
A Pvt Ltd Company has only 1 lac share capital and its turnover is always under 5 lacs. It has not accepted any public deposits and from banks and FI is less than the limit of 10 lacs. Hence, am I correct that CARO is not applicable to this company?
Please give me the format of Auditors Report(along with annexures, if any) and Directors Report. Is it any different for a company to whom CARO applies?
CAclubindia
