Title
|
Companies
(Auditor's Report) Order, 2003
|
Companies
(Auditor's Report) Order, 2015
|
Remarks
|
Exemptions for
CARO
|
·
Banking Company
·
Insurance Company,
·
Sec 25 Company
·
Private Companies whose :
1.
Paid up capital and reserves not more than Rs.50 lakhs
2.
Has not accepted any public deposits.
3.
Does not have loan outstanding Rs 10 lacs or more from
any bank or financial institution.
4.
Does not have a turnover exceeding Rs 5 Crores.
|
·
Small Company
·
Banking Company,
·
Insurance Company,
·
Section 8 Company,
·
Private Companies whose
1. Paid up capital
and reserves not more than Rs.50 lakhs.
2. Does not have
loan outstandingexceeding Rs.25 lacs from any bank or
financial institution
3. Does not have a
turnover exceeding Rs.5 crores
( At any point of time during the financial year
)
|
Small Company : Section 2(85) defines a small company
as a company other than a public company
· Paid-up share
capital of which does not exceed fifty lakh rupees or such higher amount as
may be prescribed which shall not be more than five crore rupees;
AND ( or has
been changed to “and” vide RoD 13 Feb 2015 )
|
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Thursday, April 16, 2015
Applicability of CARO
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