CARO 2016 - Applicability

[Bijay Shrestha]

Dear friends,

CARO 2016 is applicable to Public Company and a private company which is a subsidiary or holding company of a Public Company.

Now my query is: A Private Company (Say X) is a subsidiary of another Private Company (Y) and Y is again subdiary of a Public Company (Z).

Now CARO 2016 is applicable to X or not ?

Please suggest.

AI Summary

CARO 2016 Applies to Private Company X as Subsidiary of Private Company Y, Under Public Company Z CARO 2016 is applicable to public companies and private companies that are subsidiaries or holding companies of public companies. The query concerns whether CARO 2016 applies to a private company (X) that is a subsidiary of another private company (Y), which in turn is a subsidiary of a public company (Z). The response provided suggests that CARO 2016 is applicable to company X in this scenario.