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.
Related terms
- 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.
- 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.
- CARO Clause 3(viii) — Unrecorded Income
Requires reporting on whether any transactions not recorded in the books have been surrendered or disclosed as income in tax assessments, and if so, whether this has been properly recorded.
Browse every term
231 terms in total, or go deeper with working procedures and worked examples in the resource library.