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The revised CARO shall apply to every company including a foreign company except, a banking company, an insurance company, a Section 8 Company, a One Person Company, a small company, a private limited company, not being a subsidiary or the holding company of a public company, having a paid-up capital and reserves and surplus, not more than one crore rupees as on the balance sheet date and which does not have total borrowings exceeding one crore rupees from any bank or financial institution at any point of time during the financial year and which does not have a total revenue exceeding ten crore rupees during the financial year as per the financial statements. The CARO will now have the mandatory disclosure on CSR w.r.t transfer of the unspent amount to a Fund specified in Schedule VII and the amount remaining unspent to the special account within a specified period.

http://www.mca.gov.in/Ministry/pdf/Orders_25022020.pdf

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