CARO 2020-Applicability | Applicability of Companies (Auditor's Report) Order,2020 with Case Studies

[@casansaarca]

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[@casansaarca]

Small Company - New Definition,
Comparison of #SmallCompany New Definition with Old Definition,
Benefit of Small Companies
ua-cam.com/video/_dRKVlgSPYA/v-deo.html

[@sameedhakate793]

Wow very well explained.. thank you so much all doughts cleared

[@alokchirania184]

In case study 3, as I understand if a co is small company then Caro will be not applicable, so in this case ac pvt Ltd is small co because paid up capital is below 2 cr. But you said Caro is applicable but how??

[@rasik239]

I also have same query, in my view, CARO not applicable, even Case study 8 is also a Small Company & accordingly CARO not applicable

[@vivekkhurana4774]

In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
If turnover details also there then youn check small company criteria.
Hope it's clear now.

[@vivekkhurana4774]

@@rasik239 In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
If turnover details also there then youn check small company criteria.
Hope it's clear now.

[@vivekkhurana4774]

@@rasik239 In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
If turnover details also there then youn check small company criteria.
Hope it's clear now.

[@alokchirania184]

@@vivekkhurana4774 thank you sir now cleared.

[@keyurparekh660]

Thanks Vivek Sir , Very explanation of all the clause - I have one small doubt
Q Indian Private Limited company is a subsidiary of a company incorporated outside india- Whther CARO 2020 is applicable? (Indian private Ltd company i.e. Subsidiary has complied all other criteria of exemption).

[@casansaarca]

Already mentioned in the Video,
Private limited company, not being a subsidiary or holding of a public company,

[@keyurparekh5178]

@@casansaarca Thanks Sir
Here my doubt is The Holding is the company which is incorporated in UK- in case do we need check whether this company is Public company in the cout of UK ?
Thanks, 🙏

[@casansaarca]

@@keyurparekh5178 As Per our views, Subsidiary of Foreign Co, then its applicable

[@sandeepvats6366]

I have one doubt. If company is a small company but fulfill one condition of clause 5 pvt ltd co turnover is 12cr. Whether caro applicable?

[@casansaarca]

No

[@ca.mukesharora7765]

In case study 3, company is in the definition of small company, then how CARO will be applicable?

[@casansaarca]

In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
If turnover details also there then youn check small company criteria.
Hope it's clear now.

[@casansaarca]

In this case we don't have the figure of last year turnover and just because of that we take it in the category of Pvt Ltd co.and not in small company category.
If turnover details also there then youn check small company criteria.
Hope it's clear now.

[@chandralalppurushothamanna3941]

Is CARO applicable to a GOVERNMENT COMPANY(100% shares by GOVT) but registered as sec 8 company

[@casansaarca]

read carefuly, already explained

[@natorakhan2892]

All the best

[@vivekkhurana4774]

Thanks 🙏

[@satutimahajan5096]

Great

[@vivekkhurana4774]

Thanks 🎉

[@CSCP21]

How Caro is applicable in case study 3 because paid capital is 1.40 cr and as per definition of small company the limit of puc is 2 cr

[@casansaarca]

Check whether both the conditions applied????

[@billimagicwarld722]

good luck sir

[@vivekkhurana4774]

Thanks 🎉

[@jangidassociates3960]

Caro is indirectly always applicable on NBFC because networth is always more than 1 crore

[@casansaarca]

Yaaa

[@vivekkhurana4774]

True

[@Soniaagg]

Amazing explanation Sir. Can u pls share the PPT ?

[@casansaarca]

Sure

[@sagar_beingrationalist7401]

Where is reporting?

[@casansaarca]

Part 2

[@vivekkhurana4774]

Thanks 🙏

[@tekkenfan511]

🤣🤣🤣AAP video me Hans rahe Hai 0:03

[@casansaarca]

Rona Chahiye Kya????

[@vivekkhurana4774]

Yaaa