CARO Applicability wrt Small Comapnies

G RAKESH (Article Assistant) (75 Points)

07 November 2023  

Dear All,

1. company turnover below 40 crore and

2. PSC < 40 Cr

3. loan from Financial institutions is above 5 crore

 

weather caro applicable

 

In my opinion , the said company is small company and hence CARO is not applicable.

 

Views solicited.