Very well state @juhee jee.
I would like to share the format for CARO-2022
We report that:
As explained to us, inventories have been physically verified during the year by the management at reasonable intervals. No material discrepancy was noticed on physical verification of stocks by the management as compared to book records.
The company has granted loans to ………parties covered in the register maintained under section 189 of the Companies Act, 2013
or
The terms of arrangement do not stipulate any repayment schedule and the loans are repayable on demand with interest.
or
Since the term of arrangement do not stipulate any repayment schedule and the loans are repayable on demand, no question of overdue amounts will arise in respect of the loans granted to the parties listed in the register maintained under section 189 of the Act.
or
Amounts are overdue in respect of above loans. The total amount overdue for more than ninety days is……….and reasonable steps have been taken by the company for recovery of the principal and interest.
or
Amounts are overdue is respect of above loans. But there is no amounts overdue for more than ninety days. Reasonable steps have been taken by the company for recovery of the principal and interest.
OR
According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or other parties listed in the register maintained under Section 189 of the Companies Act, 2013. Consequently, the provisions of clauses iii (a), (b) and (c)of the order are not applicable to the Company.
In respect of loans, investments, guarantees, and security, provisions of section 185 and 186 of the Companies Act, 2013 have been complied with.
Or
The company has complied with provisions of section 185
The appointment of a director who is a resident or citizen of China to a company's board of directors typically involves several steps and considerations, depending on the jurisdiction and the specific company's requirements including DIN Clearance from MHA.
As per the Companies (Appointment and Qualification of Directors) Rules, 2014, individuals who are citizens of the aforementioned neighboring countries require approval from the Ministry of Home Affairs (MHA) before they can obtain a DIN and become directors in Indian companies.
Does the login has to be created for foreign national??
Recent Amendment in Companies ( appointment and qualifications) Rules by ministry of corporate affairs.How to get security clearance by MHA ?
As per , Notification dated 01st June 2022
I have submitted a security clearance application on behalf of an individual through the portal.
However, the status still indicates that the application is 'submitted.' Is there a specific time limit for approval, and if not, where can I raise a complaint or seek assistance in this matter?
Is there an authority or physical location where I can visit with the required documents to expedite the approval process?
I the director is of Taiwanese origion, will it be mandatory for getting security clearance
Please confirm after filing of an Application how to track approval on https://esahajmcaservices.nic.in/
How to verify for Directors Disqualification under Sec 164(2), vacation under Sec 167
Click here to view / answer Share it onWhat is the main legal argument presented in the Reply regarding the GST Department's rejection of GST registration based on unregistered rent agreements, and how does it relate to Section 55 of the Maharashtra Rent Control Act 1999?
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Hi Shalu!
As per amendment notification dated 15th September 2022:
The definition of small company has been amended. The amended definition provides that "Small Company means a company having paid up share capital upto 4 crore and turnover upto 40 crore.
The above said notification clearly specified that it shall have effect from the date of their publication of this notification in the Official Gazette i.e. 15th September 2022.
Therefore, in my view the same would be the effective date CARO 2020. Hence, the Audit Reports to be prepared after the said amendment would have effect of the amendment.