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FEB 10, 2016

MCA invites comments on CARO 2016 & revised Schedule III

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The Ministry had set up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor’s Report under Section 143(11) of the Companies Act, 2013 for the financial year 2015 -16 onwards.  The said Committee has since made recommendations in the matter. Thereafter MCA has placed the draft Companies (Auditor’s Report) Order, 2016 on its website.

It has been decided to invite suggestions/comments on the above draft. Suggestions/comments on above mentioned draft along with justification in brief may be sent latest by 23rd February, 2016 through email at caro@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/comments

Further the draft revised Schedule III to the Companies Act, 2013 for a company whose financial statements are drawn up in compliance of Companies (Indian Accounting Standards) Rules, 2015 and as amended from time to time has been placed on the Ministry’s website. It has also been decided to invite suggestions/comments on the above draft.

Suggestions/comments on the draft Schedule III along with justification in brief may be sent latest by 23rd February, 2016 through email at sch3@mca.gov.in. It is requested that the name, Telephone number and address of the sender should be indicated clearly at the time of sending suggestions/comments

Download the Draft report

  1. CARO 2016
    Revised Schedule III