CARO 2016 Easy Trick to Learn in 3 Minutes

CARO Shortcut learnHere we are giving a quick and easy shortcut to easily remember para-3 of CARO 2016. This has been been shared on one of our users.

In the previous post, we also provided the Amendments in CARO 2016 and also the differences between the CARO 2016 and CARO 2015.

Learning Shortcut for CARO Para-3 

The entire learning can be divided in 3 parts:
1. For Point No 1 to 8:-
F I L L your bank account with C C (short form of cash credit) use it to pay the STATUTORY DUES and make no DEFAULT IN REPAYMENT OF LOANS & BORROWINGS.

2. For Point 9,10 & 11:-
Register a Company & issue IPO use it for correct purpose without any FRAUD and don’t forget to pay MANAGERIAL REMUNERATION on time.

3. For Point 12-16:
Ask your secretary NIDHI for 4 C’s (compliances of Companies Act 2013):
1. Compliance with section 177 & 188 for related party transactions.
2. Compliance with section 42 for Preferential allotment and private placement.
3. Compliance with section 192 for Non Cash Transaction.
4. Compliance with section 45-IA of RBI Act.

IPCC Accounts & Advanced Accounts Amendments Nov 2016

CA Final FR Amendments Syllabus Nov 2016

IPCC Company Law Amendments Nov 2016 & May 2017

All CARO 16 Points:-

  1. Fixed Assets
  2. Inventories
  3. Loans to parties covered Under section 189
  4. Loans, Investments guarantees and securities under section 185 & 186
  5. Compliance of Section 73 to 76 & RBI for Deposits
  6. Cost Records U/s 148 of Companies Act 2013
  7. Statutory Dues
  8. Default in repayments of Loans or Borrowings
  9. IPO
  10. Fraud
  11. Managerial Remuneration – Compliance of section 197 of Companies Act 2013
  12. Nidhi Companies – Compliances of Nidhi Rules 2014
  13. Related parties transactions
  14. Preferential allotment and private placement
  15. Non Cash Transactions
  16. Section 45-IA of RBI Act
Updated: April 19, 2018 — 5:41 pm

2 Comments

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  1. GIVE ME FULL NOTES ON CARO 2016 for ipcc nov16

  2. PLEASE GIVE ME CARO 2016 FULL NOTES

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