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    Question

    CARO, 2020 is applicable to which of the following

    companies?
    A Banking companies Correct Answer Incorrect Answer
    B Private company with тВ╣10 crore turnover Correct Answer Incorrect Answer
    C One-person companies Correct Answer Incorrect Answer
    D Section 8 companies Correct Answer Incorrect Answer

    Solution

    CARO applies to private companies only if: тАв Turnover тЙе тВ╣10 crore тАв Borrowings тЙе тВ╣1 crore тАв Not a small company/OPC/Section 8 Thus, B is correct.

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