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Which type of companies are not required to comment on matters prescribed under CARO 2016?
  • a)
    All private companies are required to comment.
  • b)
    Private companies with a paid-up capital and reserves exceeding Rs 1 crore.
  • c)
    Private companies that are holding or subsidiary companies of a public company.
  • d)
    Private companies having total revenue exceeding Rs 10 crore during the financial year.
Correct answer is option 'C'. Can you explain this answer?
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Which type of companies are not required to comment on matters prescri...
Private companies that are holding or subsidiary companies of a public company are not required to comment on matters prescribed under CARO 2016.
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Which type of companies are not required to comment on matters prescribed under CARO 2016?a)All private companies are required to comment.b)Private companies with a paid-up capital and reserves exceeding Rs 1 crore.c)Private companies that are holding or subsidiary companies of a public company.d)Private companies having total revenue exceeding Rs 10 crore during the financial year.Correct answer is option 'C'. Can you explain this answer?
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