To which type of company the Companies (Auditor’s Report) Order, 2016 (CARO) applies?
1. A private limited company being a subsidiary or holding company of a public company, having a paid up capital and reserves and surplus more than Rs. 2 Crore as on the balance sheet date.
2. A private limited company which have total borrowings exceeding Rs. 2 Crore from any bank or financial in¬stitution at any point of time during the financial year.
3. A private limited company which have a total revenue as disclosed in Scheduled III to the Companies Act, 2013 (including revenue from discontinuing operations) less than Rs. 10 Crore during the financial year as per the financial statements.
Select the correct answer from the options given below -
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