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.
Related terms
- 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(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(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.
- CARO Clause 3(vii) — Statutory Dues
Requires reporting on the regularity of depositing undisputed statutory dues (GST, PF, ESI, income tax and others), and the extent and nature of any disputed dues.
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