Does a Private Limited company need an audit every year?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerYes. A Private Limited company must have its accounts audited by a CA every financial year, even if it had no turnover or was dormant. There’s no turnover threshold — incorporation itself triggers the requirement.

Mandatory regardless of turnover

Unlike LLPs or proprietors, a company’s audit doesn’t depend on turnover — it’s required from the first year.

Dormant companies too

Even a company with no operations must be audited and file AOC-4/MGT-7, or face penalties and strike-off.

Audit

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This answer is general information for businesses, not professional advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.