PLZ HELP ME...

abhishek agarwal (BRANCH CREDIT MANAGER) (796 Points)

22 April 2011  

HELLO FRIENDS

I HAVE A CONFUSION...PLZ HELP ME TO CLEAR IT..

CARO 2004(amended 2006) is not applicable to a Private co. whose

(1) Paid up-capital and reserves do not exceed 50 Lakhs

(2) Outstanding Loan amount do not exceed 50 Lakhs

(3) Annual Turnover do not exceed 5 crores at any time during F.Y.

My question is that whether all these conditions are applicable cumulatively or individually....?