Learning Shortcut for CARO Para-3
The entire learning can be divided in 3 parts:
1. For Point No 1 to 8:-
F I L L your bank account with C C (short form of cash credit) use it to pay the STATUTORY DUES and make no DEFAULT IN REPAYMENT OF LOANS & BORROWINGS.
1. For Point No 1 to 8:-
F I L L your bank account with C C (short form of cash credit) use it to pay the STATUTORY DUES and make no DEFAULT IN REPAYMENT OF LOANS & BORROWINGS.
2. For Point 9,10 & 11:-
Register a Company & issue IPO use it for correct purpose without any FRAUD and don’t forget to pay MANAGERIAL REMUNERATION on time.
Register a Company & issue IPO use it for correct purpose without any FRAUD and don’t forget to pay MANAGERIAL REMUNERATION on time.
3. For Point 12-16:
Ask your secretary NIDHI for 4 C’s (compliances of Companies Act 2013):
1. Compliance with section 177 & 188 for related party transactions.
2. Compliance with section 42 for Preferential allotment and private placement.
3. Compliance with section 192 for Non Cash Transaction.
4. Compliance with section 45-IA of RBI Act.
Ask your secretary NIDHI for 4 C’s (compliances of Companies Act 2013):
1. Compliance with section 177 & 188 for related party transactions.
2. Compliance with section 42 for Preferential allotment and private placement.
3. Compliance with section 192 for Non Cash Transaction.
4. Compliance with section 45-IA of RBI Act.
All CARO 16 Points:-
- Fixed Assets
- Inventories
- Loans to parties covered Under section 189
- Loans, Investments guarantees and securities under section 185 & 186
- Compliance of Section 73 to 76 & RBI for Deposits
- Cost Records U/s 148 of Companies Act 2013
- Statutory Dues
- Default in repayments of Loans or Borrowings
- IPO
- Fraud
- Managerial Remuneration – Compliance of section 197 of Companies Act 2013
- Nidhi Companies – Compliances of Nidhi Rules 2014
- Related parties transactions
- Preferential allotment and private placement
- Non Cash Transactions
- Section 45-IA of RBI Act