[aaykarbhavan] CARO

Hi,

Someone may please reply to the following query(s):

ABC Private Limited had:

- paid up capital Rs.1 Lac and
- Reserves and Surplus (negative balance) Rs.2 Crores as on 31.03.12.
- turnover Rs.1.95 Crores.
- no secured loans from banks or any parties.


Query

Whether CARO shall apply to the said company, which has NEGATIVE BALANCE of Rs.2 Crores of Reserves and surplus ?

Ans : .......................


Thanks.




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