CARO Clause 3(ix) — Default in Repayment

Related terms

• 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(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.

• 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.

• CARO Clause 3(vi) — Cost Records

  Requires reporting on whether cost records have been made and maintained as prescribed by the Central Government, where applicable to the company's business.