Is a statutory audit mandatory for my company?

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 statutory audit is mandatory for every company registered under the Companies Act (Private Limited, Public, or OPC), regardless of turnover or whether it’s trading. The accounts must be audited by a Chartered Accountant each financial year.

All companies, every year

Incorporation itself triggers the requirement — there’s no turnover threshold for a company’s statutory audit.

Even with no activity

A dormant or zero-turnover company still needs the audit and the annual ROC filing.

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.