Companies Act

whether the company is regular in depositing undisputed statutory dues including Goods and Services Tax, provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise

In respect of loans, investments, guarantees, and security, whether provisions of sections 185 and 186 of the Companies Act have been complied with, if not, provide the details thereof.

Whether during the year the company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties

whether physical verification of inventory has been conducted at reasonable intervals by the management and whether, in the opinion of the auditor, the coverage and procedure of such verification by the management is appropriate

Whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment

Cost Records” means books of account relating to utilisation of materials, labour and other items of cost as applicable to the production of goods or provision of services

Financial Statements for a company whose Financial Statements are required to comply with the Companies (Accounting Standards) Rules, 2006.

The Statutory auditor of the company is now required to report on the following additional points

CARO is a set of points to be given by a statutory auditor of a company in addition to the Independent Auditors Report issued under section 143 of the Companies Act, 2013.

The final judgement given by the High Court of Kerala in the case of Puthenpurakal Properties Private Ltd & VKL Homes India Private Ltd. Vs Union Of India & Registrar Of Companies, Kerala serves as a clarifier regarding e-form INC-22A