CARO Clause 3(iv) — Sections 185 and 186 Compliance
Requires reporting on whether the company has complied with Sections 185 and 186 of the Companies Act regarding loans, investments, guarantees and security given to other entities.
Related terms
- CARO (Companies Auditor's Report Order)
An order under the Companies Act requiring statutory auditors of specified companies to report on additional matters beyond the standard audit opinion — fixed assets, inventory, loans, statutory dues and more.
- CARO Clause 3(ii) — Inventory
Requires reporting on whether physical verification of inventory has been conducted at reasonable intervals, and whether any discrepancies of 10% or more in aggregate for any class of inventory were properly dealt with in the books.
- CARO Clause 3(ix) — Default in Repayment
Requires reporting on whether the company has defaulted in repayment of loans or borrowings to any lender, including the period and amount of default.
- CARO Clause 3(v) — Deposits
Requires reporting on whether the company has accepted deposits or amounts deemed to be deposits, and whether the relevant provisions of the Companies Act and RBI directions have been complied with.
Browse every term
231 terms in total, or go deeper with working procedures and worked examples in the resource library.