CARO, 2016 applies to a private limited company being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus not more than ............ as on the balance sheet date.

CS Executive · Corporate and Management Accounting · PYQS · June 2021
CARO, 2016 applies to a private limited company being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus not more than ............ as on the balance sheet date.
(A) ₹5 Crore
(B) ₹1 Crore
(C) ₹2 Crore
(D) ₹10 Crore

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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