Particulars CARO, 2015 CARO, 2016 Change Remark Date of Release 10th April, To be published ------ ------ 2015 Applicable form FY on or after FY 2015-16 Applicability in Special care be 1st April, 2014 onwards respective FY in case of Audit of more than one FYs Applicable to apply to every It shall apply to No Change ------ company every company including a including a foreign foreign company as company as defined in defined in clause (42) of clause (42) of section 2 of section 2 of the the Companies Companies Act, Act, 2013 (18 of 2013 (18 of 2013) 2013) [hereinafter [hereinafter referred to as referred to as the Companies the Companies Act], except:– Act], except - (i) a banking (i) a banking No Change ------ company as company as defined in defined in clause (c) of clause (c) of section 5 of the section 5 of the Banking Banking Regulation Regulation Act, Act, 1949 (10 of 1949 (10 of 1949); 1949); (ii) an (ii) an insurance No Change ------ insurance company as company as defined the defined under Insurance the Insurance Act,1938 (4 of Act,1938 (4 of 1938); 1938); (iii) a company (iii) a company No Change ------ licensed to licensed to operate operate under section 8 of the section 8 of the Companies Companies Act; Act; (iv) a One (iv) a One No Change Read definition Person Person of Company as Company as company for defined under defined under applicability clause (62) of clause (62) of because most of section 2 of the section 2 of the the Companies
Particulars CARO, 2015 CARO, 2016 Change Remark Date of Release 10th April, 2015 To be published ------ ------ Applicable form FY on or after 1st April, 2014 FY 2015-16 onwards Applicability in respective FY Special care be in case of Audit of more than one FYs Applicable to apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except - It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except:– No Change ------ (i) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); (i) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); No Change ------ (ii) an insurance company as defined under the Insurance Act,1938 (4 of 1938); (ii) an insurance company as defined the Insurance Act,1938 (4 of 1938); No Change ------ (iii) a company licensed to operate section 8 of the Companies Act; (iii) a company licensed to operate under section 8 of the Companies Act; No Change ------ (iv) a One Person Company as defined under clause (62) of section 2 of the (iv) a One Person Company as defined under clause (62) of section 2 of the No Change Read definition of company for applicability because most of the Companies
CARO-2016.docx