What is the provision for CARO applicability?
Is any public company have less then Rs. 5 Crores turnover in a particular year then CARO will be applicable or not?
Is CARO mendatory for any Public Company?
Tks in advance
Jitendra Jhanwar (Officer) (129 Points)
08 January 2010What is the provision for CARO applicability?
Is any public company have less then Rs. 5 Crores turnover in a particular year then CARO will be applicable or not?
Is CARO mendatory for any Public Company?
Tks in advance
Amir
(Learner)
(4016 Points)
Replied 08 January 2010
Dear Jitender,
It shall apply to every company including a foreign company as defined in section 591 of the Act, except the following :-
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