What happens if a company isn't audited?

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 answerIf a company doesn’t get its statutory audit done and file accounts, it and its officers face penalties under the Companies Act, the directors risk disqualification, and the company can eventually be struck off the register. Both auditors and directors carry liability.

Penalties + disqualification

Fines on the company and officers, and directors can be disqualified for persistent default (e.g., three years of non-filing).

Strike-off risk

Continued failure to audit and file leads the ROC to strike off the company, which is costly to revive.

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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.