Caro 2016

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student
143 Points Joined November 2013

Is caro 2016 applicable for private unlimited companies? Please reply.. Thanks in advance

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On 26 October 2016 at 15:12 Report
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PROPRIETOR V JAYAPRAKASH & ASSOCIATES
32 Points Joined January 2015

THE FOLLOWING PRIVATE LIMITED COMPANIES ARE EXEMPTED.

 

THE PAID UP CAPITAL AND RESERVES ARE LESS THAN FIFTY LAKHS

 

NO OUTSTANDING AMOUNT OF RS 25 LAKHS OR MORE FROM ANY FINANCIAL INSTITUTION

 

TURNOVER DOES NOT EXCEED FIVE CRORES AT ANY POINT OF TIME DUING THE FINANCIL YEAR.

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On 26 October 2016 at 18:27
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student
143 Points Joined November 2013
That means caro is not exempt for private unlimited companies
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On 26 October 2016 at 20:39
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Senior Audit Assistant
132 Points Joined August 2010
The CARO 16 would be applicable for unlisted companies irrespective of the size of their paid up capital and reserves, turnover or borrowings.
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On 26 October 2016 at 20:58
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Chartered Accountant
26 Points Joined October 2010
Caro mandatory for public limited companies whether listed or unlisted
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On 27 October 2016 at 00:36
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student
143 Points Joined November 2013
Doubt is about private unlimited companies
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On 27 October 2016 at 10:13
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PROPRIETOR V JAYAPRAKASH & ASSOCIATES
32 Points Joined January 2015

FOR PRIVATE LIMITED COMPANIES THE ABOVE THREE POINTS WILL APPLY.

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On 27 October 2016 at 12:57
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Chartered Accountant
26 Points Joined October 2010
For all the types of private companies limits described above all valid. Since the exemption is allowed only for private companies falling under the limits.
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On 27 October 2016 at 13:48
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Chartered Accountant
26 Points Joined October 2010
moreover, the word private Companies includes all types of private corporation whether limited by shares, limited by guarantee or the unlimited co
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On 27 October 2016 at 13:50


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