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Questions and Answers
CARO, 2020 applies to all companies, including foreign companies.
CARO, 2020 applies to all companies, including foreign companies.
False (B)
Banking companies are exempted from the applicability of CARO, 2020.
Banking companies are exempted from the applicability of CARO, 2020.
True (A)
Insurance companies are exempted from the applicability of CARO, 2020.
Insurance companies are exempted from the applicability of CARO, 2020.
True (A)
One-Person Companies are exempted from the applicability of CARO, 2020.
One-Person Companies are exempted from the applicability of CARO, 2020.
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Private limited companies with a Paid-up capital & Reserves & Surplus exceeding ₹1 Cr. are exempted from the applicability of CARO, 2020.
Private limited companies with a Paid-up capital & Reserves & Surplus exceeding ₹1 Cr. are exempted from the applicability of CARO, 2020.
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