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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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Related terms

  • 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.

  • 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.

  • CARO Clause 3(x) — Utilisation of Issue Proceeds

    Requires reporting on whether money raised through an initial public offer, further public offer, or private placement of shares or debentures was utilised for the purposes it was raised for.

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