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  • Sample Applicability Chart

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    CIBIL CHURU
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    The document outlines the applicability of Schedule III and rounding of amounts for company financial statements based on various criteria like paid up capital, turnover, borrowings, and company type. It states that Schedule III and rounding of amounts will apply to companies meeting certain capital, turnover, and borrowing thresholds and will not apply to insurance companies, banking companies, or Section 8 companies.

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    The document outlines the applicability of Schedule III and rounding of amounts for company financial statements based on various criteria like paid up capital, turnover, borrowings, and company type. It states that Schedule III and rounding of amounts will apply to companies meeting certain capital, turnover, and borrowing thresholds and will not apply to insurance companies, banking companies, or Section 8 companies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Sample Applicability Chart

    Uploaded by

    CIBIL CHURU
    The document outlines the applicability of Schedule III and rounding of amounts for company financial statements based on various criteria like paid up capital, turnover, borrowings, and company type. It states that Schedule III and rounding of amounts will apply to companies meeting certain capital, turnover, and borrowing thresholds and will not apply to insurance companies, banking companies, or Section 8 companies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Schedule III &

    Type CARO
    Rounding of amounts
    Paid up capital > Rs. 2 Crores and
    Turnover of previous year > Rs.20 Crores Applicable Applicable
    Borrowings form banks and Financial Institutions > Rs.1 Crores
    Paid up capital < Rs. 2 Crores
    Turnover of previous year > Rs. 20 Crores Applicable Applicable
    Borrowings form banks and Financial Institutions > Rs.1 Crores
    Paid up capital < Rs. 2 Crores
    Turnover of previous year > Rs. 20 Crores Applicable Applicable
    Borrowings form banks and Financial Institutions < Rs.1 Crores
    Paid up capital > Rs. 2 Crores and
    Turnover of previous year < Rs. 20 Crores Applicable Applicable
    P Borrowings form banks and Financial Institutions > Rs.1 Crores
    R Paid up capital > Rs. 2 Crores and
    I Turnover of previous year < Rs. 20 Crores Applicable Applicable
    V Borrowings form banks and Financial Institutions < Rs.1 Crores
    A Paid up capital < Rs.2 Crores and
    T Turnover of previous year < Rs.20 Crores Applicable Applicable
    E Borrowings form banks and Financial Institutions > Rs.1 Crores
    Paid up capital < Rs.2 Crores and
    L Turnover of previous year < Rs. 20 Crores Not Applicable Applicable
    I Borrowings form banks and Financial Institutions < Rs.1 Crores
    M Turnover of previous year > Rs.10 Crores and < Rs.20 Crores
    Not Applicable (It can be
    I Paid up capital + reserves & Surplus < Rs.1 Crores
    considered as small Applicable
    T Paid up Capital < Rs. 2 Crores
    company)
    E Borrowings form banks and Financial Institutions < Rs.1 Crores
    D Turnover of previous year < Rs.10 Crores
    Paid up capital + reserves & Surplus > Rs.1 Crores
    Applicable Applicable
    Paid-up capital < Rs.2 Crores
    Borrowings form banks and Financial Institutions < Rs.1 Crores
    Turnover of previous year <10 Crores
    Paid up capital + reserves & Surplus < 1 Crores Applicable Applicable
    Borrowings form banks and Financial Institutions > 1 Crores
    Turnover of previous year < Rs.10 Crores
    Paid up capital + reserves & Surplus < Rs.1 Crores
    Paid up Capital < Rs. 2 Crores Applicable Applicable
    Borrowings form banks and Financial Institutions < 1 Crores
    Subsidiary or holding company of a public company
    Insurance Company Not appicable Not appicable
    Banking Company Not appicable Not appicable
    Section 8 Company Not appicable Applicable

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