{"id":292,"date":"2020-03-03T09:34:39","date_gmt":"2020-03-03T09:34:39","guid":{"rendered":"http:\/\/raaas.com\/blog\/?p=292"},"modified":"2024-03-12T12:12:53","modified_gmt":"2024-03-12T06:42:53","slug":"caro-2020","status":"publish","type":"post","link":"https:\/\/raaas.com\/blog\/caro-2020\/","title":{"rendered":"CARO 2020"},"content":{"rendered":"<p><strong>MINISTRY OF CORPORATE AFFAIRS\u00a0<\/strong>vide\u00a0<strong>notification dated 25<sup>th<\/sup>\u00a0February 2020<\/strong>, has published<strong>\u00a0Companies (Auditor\u2019s Report) Order, 2020\u00a0<\/strong>in exercise of the\u00a0<strong>powers conferred by: <\/strong>Section 143(11) of the\u00a0Companies Act, 2013\u00a0(18 of 2013) and in supersession of the Companies (Auditor\u2019s Report) Order, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide\u00a0<strong>number S.O. 1228 (E), dated the 29th March, 2016<\/strong>, except as respects things done or omitted to be done before such supersession, the Central Government, after consultation with the National Financial Reporting Authority constituted under section 132 of the Companies Act, 2013<\/p>\n<p>Clause by Clause comparison between Companies (Auditor\u2019s Report) Order 2016 vis a vis Companies (Auditor\u2019s Report) Order 2020 is given below for reference, the major changes are highlighted in blue colour:<\/p>\n<p>Note: Comparison is given on the basis of matters i.e. not on the basis of roman numbering of Order.<\/p>\n<style>table, th, td {<br \/>\n  border: 1px solid black;<br \/>\n}<\/style>\n<table style=\"height: 11403px;\" border=\"2\" width=\"1061\">\n<tbody>\n<tr>\n<td width=\"114\"><strong>PARTICULARS<\/strong><\/td>\n<td width=\"247\"><strong>CARO 2016<\/strong><\/td>\n<td width=\"291\"><strong>CARO 2020<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Applicability<\/td>\n<td width=\"247\">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\u2013<\/p>\n<p>(i) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);<\/p>\n<p>(ii) an insurance company as defined under the Insurance Act,1938 (4 of 1938);<\/p>\n<p>(iii)\u00a0 a company licensed to operate under section 8 of the Companies Act; (iv)\u00a0 a One Person Company as defined in clause (62) of section 2 of the Companies Act and a small company as defined in clause (85) of section 2 of the Companies Act; and<\/p>\n<p>(v)\u00a0 a private limited company, not being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus not more than one crore rupees as on the balance sheet date and which does not have total borrowings exceeding one crore rupees from any bank\u00a0 or financial institution at any point of time during the financial year and which does not have a total revenue as disclosed in Scheduled III to the Companies Act (including revenue from discontinuing\u00a0 operations) exceeding ten crore rupees during the financial year as per the financial statements.<\/td>\n<td width=\"291\">No changes made in applicability i.e. it shall applies to all companies mentioned in CARO 2016.<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Commencement<\/td>\n<td width=\"247\">Financial year commencing on or after 01<sup>st<\/sup> April 2015 i.e. Audits of F.Y. 2015-16 and onwards<\/td>\n<td width=\"291\">Financial year commencing on or after 01<sup>st<\/sup> April 2019 i.e. Audits of F.Y. 2019-20 and onwards<\/td>\n<\/tr>\n<tr>\n<td width=\"114\">Clauses<\/td>\n<td width=\"247\">i)(a) whether the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets;<\/td>\n<td width=\"291\">i)(a) (A) whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment;<\/p>\n<p>(B)\u00a0 whether the company is maintaining proper records showing full particulars of intangible assets;<\/p>\n<p><u>Comment:<\/u> To make compatible with Ind-AS<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(b)Whether these fixed assets have been physically verified by the management at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the same have been properly dealt with in the books of account;<\/td>\n<td width=\"291\">(b) whether these Property, Plant and Equipment have been physically verified by the management at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the same have been properly dealt with in the books of account;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(c) whether the title deeds of immovable properties are held in the name of the company. If not, provide the details thereof;<\/td>\n<td width=\"291\">(c) whether the title deeds of all the immovable properties. (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) disclosed in the financial statements are held in the name of the company. If not, provide the details.<\/p>\n<p><u>Comment<\/u>: Format of reporting such details has been provided<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(d) whether the company has revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year and, if so, whether the revaluation is based on the valuation by a Registered Valuer; specify the amount of change, if change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment or intangible assets;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(e) whether any proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, if so, whether the company has appropriately disclosed the details in its financial statements;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">ii)(a) whether physical verification of inventory has been conducted at reasonable intervals by the management and whether any material discrepancies were noticed and if so, whether they have been properly dealt with in the books of account;<\/td>\n<td width=\"291\">ii)(a) whether physical verification of inventory has been conducted at reasonable intervals by the management and whether, in the opinion of the auditor, the coverage and procedure of such verification by the management is appropriate; whether any discrepancies of 10% or more in the aggregate for each class of inventory were noticed and if so, whether they have been properly dealt with in the books of account;<\/p>\n<p><u>Comment: <\/u>Materiality has been taken as 10% or more for each class of inventory<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b) whether during any point of time of the year, the company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets; whether the quarterly returns or statements filed by the company with such banks or financial institutions are in agreement with the books of account of the Company, if not, give details<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">iii) Whether the company has granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 189 of the Companies Act. If so,<\/td>\n<td width=\"291\">iii) Whether during the year the company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties, if so,-<\/p>\n<p>(a) whether during the year the company has provided loans or provided advances in the nature of loans, or stood guarantee, or provided security to any other entity [not applicable to companies whose principal business is to give loans], if so, indicate-<\/p>\n<p>(A) the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans or advances and guarantees or security to subsidiaries, joint ventures and associates;<\/p>\n<p>(B) the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans or advances and guarantees or security <strong>to parties other than subsidiaries, joint ventures and associates;<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(a) Whether terms and conditions of the grant of such loan are not prejudicial to the company\u2019s interest.<\/td>\n<td width=\"291\">(b) whether the <strong>investments made<\/strong>, guarantees provided, security given and the terms and conditions of the grant of all\u00a0 loans and advances in the nature of loans and guarantees provided are not prejudicial to the company\u2019s interest;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(b) Whether the schedule of repayment of principal and payment of interest has been stipulated and whether the repayments and receipts are regular<\/td>\n<td width=\"291\">(c) in respect of loans and advances in the nature of loans, whether the schedule of repayment of principal and payment of interest has been stipulated and whether the repayments or receipts are regular;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(c) If the amount is overdue, state the total amount overdue for more than ninety days, and whether reasonable steps have been taken by the company for recovery of the principal and interest.<\/td>\n<td width=\"291\">(d) if the amount is overdue, state the total amount overdue for more than ninety days, and whether reasonable steps have been taken by the company for recovery of the principal and interest;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(e) whether any loan or advance in the nature of loan granted which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties, if so, specify the aggregate amount of such dues renewed or extended or settled by fresh loans and the percentage of the aggregate to the total loans or advances in the nature of loans granted during the year [not applicable to companies whose principal business is to give loans];<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(f) whether the company has granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment, if so, specify the aggregate amount, percentage thereof to the total loans granted, aggregate amount of loans granted to Promoters, related parties as defined in clause (76) of section 2 of the Companies Act, 2013;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">iv) No Change<\/td>\n<td width=\"291\">iv) No Change<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(v) No Change<\/td>\n<td width=\"291\">(v) No Change<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(vi) No Change<\/td>\n<td width=\"291\">(vi) No Change<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(vii) (a) whether the company is regular in depositing undisputed statutory dues including provident fund, employees\u2019 state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to the appropriate authorities and if not, the extent of the arrears of outstanding statutory dues as on the last day of the financial year concerned for a period of more than six months from the date they became payable, shall be indicated;<\/td>\n<td width=\"291\">(vii) (a) whether the company is regular in depositing undisputed statutory dues including <strong>Goods and Services Tax, <\/strong>provident fund, employees&#8217; state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to the appropriate authorities and if not, the extent of the arrears of outstanding statutory dues as on the last day of the financial year concerned for a period of more than six months from the date they became payable, shall be indicated;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(b) Where dues of income tax and sales tax or service tax or duty of custom or duty of excise or value added tax have not been deposited on account of any dispute, then the amount involved and the forum where dispute is pending shall be mentioned. (A mere representation to the concerned department shall not be treated as a dispute).<\/td>\n<td width=\"291\">(b) where statutory dues referred to in sub-clause (a) have not been deposited on account of any dispute, then the amounts involved and the forum where dispute is pending shall be mentioned (A mere representation to the concerned Department shall not be treated as a dispute);<\/p>\n<p><u>Comment: <\/u>Earlier only Tax dues are covered now all statutory dues are covered e.g. PF, ESI etc.<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(viii) whether any transactions\u00a0 not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961; if so, whether the previously unrecorded income has been properly recorded in the books of account during the year;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(viii) whether the company has defaulted in repayment of loans or borrowing to a financial institution, bank, government or dues to debenture holders If yes, the period and the amount of default to be reported (in case of defaults to banks, financial institutions, and government, lender wise details to be provided).<\/td>\n<td width=\"291\">ix) (a) whether the company has defaulted in repayment of loans or other\u00a0 borrowings or in the payment of interest thereon to any lender, if yes, the period and the amount of default to be reported as per the format specified in this regard.<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b) whether the company is a declared wilful defaulter by any bank or\u00a0 financial institution or other lender;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(c) whether term loans were applied for the purpose for which the loans were obtained; if not, the amount of loan so diverted and the purpose for which it is used may be reported;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(d) whether funds raised on short term basis have been utilised for long term purposes,\u00a0 if yes, the nature and amount to be indicated;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(e) whether the company has taken any funds from any entity or person on account of or\u00a0 to meet the obligations of\u00a0 its subsidiaries, associates or joint ventures, if so, details thereof with nature of such transactions and the amount in each case;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(f) whether the company has raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies,\u00a0 if so, give details thereof and also report if the company has defaulted in repayment of such loans raised;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">xi) Whether money raised by way of initial public offer or further public offer (including debt instruments) and the term loans were applied for the purposes for which those are raised. If not, the details together with delays or default and subsequent rectification, if any, as may be applicable, be reported.<\/td>\n<td width=\"291\">x) (a) whether moneys raised by way of initial public offer or further public offer (including debt instruments) during the year were applied for the purposes for which those are raised, if not, the details together with delays or default and subsequent rectification, if any, as may be applicable, be reported;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Separately covered under clause (xiv)<\/td>\n<td width=\"291\">(b) whether the company has made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year and if so, whether the requirements of section 42 and <strong>section 62<\/strong> of the Companies Act, 2013 have been complied with and the funds raised have been used for the purposes for which the funds were raised, if not, provide details in respect of amount involved and nature of non-compliance;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">x) Whether any fraud by the company or any fraud on the company by its officers and employees has been noticed or reported during the year: if yes, the nature and the amount involved is to be indicated.<\/td>\n<td width=\"291\">xi) (a) whether any fraud by the company or any fraud on the company <span style=\"text-decoration: line-through;\">by its officers and employees<\/span> has been noticed or reported during the year, if yes, the nature and the amount involved is to be indicated;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b) whether any report under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(c) whether the auditor has considered whistle-blower complaints, if any,\u00a0 received during the year by the company;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xi) managerial remuneration<\/td>\n<td width=\"291\">Now Deleted<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xii) Whether the Nidhi company has complied with the net owned funds to deposit in the ratio of 1:20 to meet out the liability and whether the Nidhi company is maintaining ten percent unencumbered term deposit as specified in the Nidhi rules 2014 to meet out the liability.<\/td>\n<td width=\"291\">(xii) (a) whether the Nidhi Company has complied with the Net Owned Funds to Deposits in the ratio of 1: 20 to meet out the liability;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\"><\/td>\n<td width=\"291\">(b) whether the Nidhi Company is maintaining ten per cent. unencumbered term deposits as specified in the Nidhi Rules, 2014 to meet out the liability;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(c) whether there has been any default in payment of interest on deposits or repayment thereof for any period and if so, the details thereof;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xiii) No Change<\/td>\n<td width=\"291\">(xiii) No Change<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xiv) No Change<\/td>\n<td width=\"291\">Inserted under clause (x)(b) above<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xiv) (a) whether the company has an internal audit system commensurate with the size and nature of its business;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b)\u00a0 whether the reports of the Internal Auditors for the period under audit were considered by the statutory auditor;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xv) No Change<\/td>\n<td width=\"291\">(xv) No Change<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">(xvi) whether the company is required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934) and if so, whether the registration has been obtained;<\/td>\n<td width=\"291\">(xvi) (a) whether the company is required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934) and if so, whether the registration has been obtained;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b) whether the company has conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration (CoR) from the Reserve Bank of India as per the Reserve Bank of India Act, 1934;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(c) whether the company is a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India,\u00a0 if so, whether it continues to fulfil the criteria of a CIC, and in case the company is an exempted or unregistered CIC, whether it continues to fulfil such criteria;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(d) whether the Group has more than one CIC as part of the Group, if yes, indicate the number of CICs which are part of the Group;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xvii) whether the company has incurred cash losses in the financial year and\u00a0 in the immediately preceding financial year, if so, state the amount of cash\u00a0 losses;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xviii) whether there has been any resignation of the statutory auditors during\u00a0\u00a0\u00a0 the year, if so, whether the auditor has taken into consideration the\u00a0 issues, objections or concerns raised by the outgoing auditors;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xix) on the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the financial statements, the auditor\u2019s knowledge of the Board of Directors and management plans, whether the auditor is of the opinion that no material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the date of balance sheet\u00a0 as and when they fall due within a period of one year from the balance sheet date;<\/p>\n<p><u>Comment:<\/u> Basically seeking auditors opinion on the going concern of the entity.<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xx) (a)\u00a0 whether, in respect of other than ongoing projects, the company has transferred unspent amount to a Fund specified in Schedule VII to the Companies Act within a period of six months of the expiry of the financial year in compliance with second proviso to sub-section (5) of section 135 of the said Act;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(b) whether any amount remaining unspent under sub-section (5) of section 135 of the Companies Act, pursuant to any ongoing project, has been transferred to special account in compliance with the provision of subsection (6) of section 135 of the said Act;<\/td>\n<\/tr>\n<tr>\n<td width=\"114\"><\/td>\n<td width=\"247\">Not there<\/td>\n<td width=\"291\">(xxi) whether there have been any qualifications or adverse remarks by the respective auditors in the Companies (Auditor&#8217;s Report) Order (CARO) reports of the companies included in the consolidated financial statements, if yes, indicate the details of the companies and the paragraph numbers of the CARO report containing the qualifications or adverse remarks.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Disclaimer:<\/strong>IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE\u00a0 RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MINISTRY OF CORPORATE AFFAIRS\u00a0vide\u00a0notification dated 25th\u00a0February 2020, has published\u00a0Companies (Auditor\u2019s Report) Order, 2020\u00a0in exercise of the\u00a0powers conferred by: Section 143(11) of the\u00a0Companies Act, 2013\u00a0(18 of 2013) and in supersession of the Companies (Auditor\u2019s Report) Order, 2016, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide\u00a0number S.O. 1228 (E), dated the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":296,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CARO 2020 - Blog | Chartered Accountant in India<\/title>\n<meta name=\"description\" content=\"CARO 2020 - Blog | Chartered Accountant in India\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/raaas.com\/blog\/caro-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CARO 2020 - Blog | Chartered 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