Which companies are excluded from CARO 2015 ?

Companies excluded from Companies (Auditor's Report) Order, 2015 – CARO, 2015: a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949; an insurance company as defined under the Insurance Act, 1938; a company licensed to operate under section 8 of the Companies Act; a One Person Company as defined under section 2(62) of the Companies Act and a small company as defined under section 2(85) of the Companies Act; a private limited company with a paid up capital and reserves not more than rupees fifty lakh and which does not have loan outstanding exceeding rupees twenty five lakh from any bank or financial institution and does not have a turnover exceeding rupees five crore at any point of time during the financial year.