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    CARO 2020 Applicability on Private Companies

    Posted By : SHALU / Published on : 14-Nov-2022 07:17 AM / View : 70 / Comment : 0

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    Please explain Borrowings includes Unsecured loan ?

    As given "a private limited company, not being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus not more than one crore rupees as on the balance sheet date and which does not have total borrowings exceeding one crore rupees from any bank or financial institution at any point of time during the financial year and which does not have a total revenue as disclosed in Scheduled III to the Companies Act (including revenue from discontinuing operations) exceeding ten crore rupees during the financial year as per the financial statements."

    It should not be include Right ?
    Read more on : companies private applicability caro

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