CARO applicability - Producer company
Nidhie Parrekh
CS Nidhi Parekh
SURENDER HARSH
No, CARO (the Companies (Auditor's Report) Order, 2020) is not applicable to Producer Companies.
Reason:
As per the applicability criteria laid out in CARO 2020, it applies to companies that fall under specific categories, including private limited companies and public limited companies meeting certain thresholds. However, Producer Companies are governed by specific provisions under Section 581A to 581ZT of the Companies Act, 1956, and they are treated distinctly from other companies.
The Ministry of Corporate Affairs (MCA) has explicitly excluded Producer Companies from the applicability of CARO in line with these special provisions.
Company/LLP Registrations | NGO Registrations (Trust, Society, Section 8 Company) | Producer Company | NIDHI Company | NBFCs |, NCLT AND NCLAT Matters, ROC, RD Compliances | XBRL Filings | Secretarial Compliance & Services | FEMA Compliances | Closure of Companies/LLP's | Appointment & Resignation of Directors & Auditors | Alterations of MOA & AOA/LLP Agreement | DSC & DIN | GST Registration & Returns | Tax Registrations & Returns | Import Export Code | FSSAI (Food License) | Trade Mark ( National & International ) | Copyright | ISO Certifications | Income Tax | TAXATION | | , Court Matters (District and Hight Court Level Matters ) Etc.
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