companies private caro applicability
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Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
director alternate concept applicability
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In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
director alternate appointment
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In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
company statements financials unaudited filing
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If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
company reporting respect applicability
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Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
directors foreign number limitations
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Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
return included liabilities assets 
The Companies (Auditor's Report) Order, 2020 (CARO, 2020) is an order issued by the Ministry of Corporate Affairs (MCA) that prescribes the manner in which auditors are required to report on certain aspects of a company's financial statements. CARO, 2020 applies to all companies registered in India, including private companies, except for certain exempted categories.
The applicability of CARO, 2020 on private companies depends on their turnover or borrowing limits. CARO, 2020 applies to private companies that meet any one of the following criteria:
The company's annual turnover exceeds INR 50 crore (approximately USD 6.7 million) during the financial year.
The company's outstanding loans or borrowings exceed INR 5 crore (approximately USD 670,000) at any point during the financial year.
The company's paid-up share capital and reserves exceed INR 10 crore (approximately USD 1.3 million) at any point during the financial year.
Private companies that do not meet any of the above criteria are exempt from complying with the provisions of CARO, 2020.
It is important to note that while private companies may be exempt from complying with certain aspects of CARO, 2020, they are still required to comply with other statutory requirements under the Companies Act, 2013 and other applicable laws and regulations. Therefore, it is important for private companies to consult with their auditors and legal advisors to ensure that they are in compliance with all applicable statutory requirements.