In CARO 2020, reporting on title deeds of immovable property is required to disclose:
AOnly property valued > Rs. 10 crore
BProperty whose title deeds are NOT held in the name of the company, with full description and reasons
COnly property in metropolitan cities
DOnly property held jointly
Answer & Solution
Correct answer: C. Only property in metropolitan cities
1. CARO 2020 Clause (i)(c) requires disclosure of properties whose title deeds are not in the company's name, full description and reasons.
2. This applies to all immovable property, no value or location filter.
3. Joint holdings are reported separately.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
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