Caro 2016

Others 136 views 1 replies

Student

67 Points Joined June 2016

Dear to all,

Please clarify the applicability of CARO 2016 on Pvt. Co. if Borrowing is more than 1 Crore from its directors and relatives.

Regards

Mayank Jain

Replies (1)

Accounting & Finance Taxation Company

839 Points Joined September 2010

I have always understood that the law says
Borrowings from Financial Institution if exceeds the Prescribed limit.

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