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CARO Clause 3(xvii) — Cash Losses

Requires reporting on whether the company has incurred cash losses in the current and immediately preceding financial year, and the amount involved.

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Related terms

  • CARO Clause 3(xv) — Non-Cash Transactions with Directors

    Requires reporting on whether the company has entered into any non-cash transactions with directors or persons connected to them, and whether the provisions of Section 192 have been complied with.

  • CARO Clause 3(xvi) — RBI Registration

    Requires reporting on whether the company is required to be registered under Section 45-IA of the RBI Act, and if conducting NBFC-type activities without such registration.

  • CARO Clause 3(xviii) — Resignation of Statutory Auditors

    Requires the incoming auditor to report whether there has been any resignation of the statutory auditors during the year, and if so, whether they have taken into consideration the issues raised by the outgoing auditor.

  • CARO Clause 3(xx) — CSR Spending

    Requires reporting on whether the company has transferred unspent CSR amounts to the specified fund within the required timeline, for companies covered under Section 135.

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231 terms in total, or go deeper with working procedures and worked examples in the resource library.

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