## CARO 2020 – Clause (viii): Disclosure of Unrecorded Transactions (Surrendered Income)
Two-part reporting:
1. Whether any transactions not recorded in the books were surrendered or disclosed as income during the year under the Income Tax Act, 1961 (e.g., during a tax survey, search, or assessment)
2. If yes → Whether the previously unrecorded income has been properly recorded in the books of accounts during the year
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## CARO 2020 – Clause (ix): Default in Repayment of Loans or Other Borrowings
| Sub-clause | What to Report |
|---|---|
| (a) | Whether the company defaulted in repayment to any lender. If yes: report nature of borrowing, name of lender, amount unpaid, whether principal or interest, number of days delay/unpaid, and any remarks |
| (b) | Whether the company has been declared a willful defaulter by any bank, FI, or lender |
| (c) | Whether term loans were applied for the purpose for which obtained. If diverted: report amount and actual purpose |
| (d) | Whether short-term funds have been used for long-term purposes. If yes: report nature and amount |
| (e) | Whether funds raised by the company are used to meet obligations of subsidiaries, associates, or JVs. If yes: report nature, details, and amount per transaction |
| (f) | Whether loans were raised on pledge of securities held in subsidiaries/JVs/associates. If yes: report details and any defaults |
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## CARO 2020 – Clause (x): Money Raised by IPO/FPO and Preferential Allotment
| Sub-clause | What to Report |
|---|---|
| (a) | Whether money raised by IPO or FPO was applied for the stated purpose. If not: report details of delays/defaults and any subsequent rectification |
| (b) | Whether the company made preferential allotment or private placement of shares or convertible debentures. If yes: whether Sections 42 and 62 of the Companies Act were complied with. If not: report amount involved and nature of non-compliance |