🏛️ Who Needs a Statutory Audit?
Statutory Audit Is Mandatory From Year One
Unlike tax audit, a statutory audit under the Companies Act applies to every company, regardless of turnover or profit — even a dormant or zero-revenue company must get its accounts audited annually.
Private Limited Company
Mandatory regardless of turnover or profit
Audit Required
Public Limited Company
Mandatory + additional CARO 2020 disclosures
Audit Required
LLP
Turnover > ₹40 lakh or contribution > ₹25 lakh
Audit Required
NGO / Trust / Section 8
As per Trust Deed / Societies Act / Companies Act
Audit Required
Cooperative Society
As per respective State Cooperative Societies Act
Audit Required
NBFC
RBI-mandated audit with additional regulatory reporting
Audit Required
📅 Key Statutory Audit & ROC Deadlines
15 Days of AGM
Form ADT-1 — Auditor appointment/re-appointment intimation to the Registrar of Companies.
30 Days of AGM
Form AOC-4 / AOC-4 XBRL — Filing of audited financial statements with the ROC.
60 Days of AGM
Form MGT-7 / MGT-7A — Annual Return filing with the ROC.
30 Sep 2026
AGM deadline for FY 2025-26 (within 6 months of financial year-end for most companies).
✅ What's Included in Our Statutory Audit Service
✓Audit Planning & Risk Assessment
✓Verification of Books of Accounts & Ledgers
✓Independent Auditor's Report Drafting
✓CARO 2020 Compliance Reporting
✓Internal Financial Controls (IFC) Review
✓Related Party Transaction Verification
✓Fixed Asset & Inventory Verification
✓Statutory Dues & Compliance Check
✓Bank Branch & Stock Audit (where applicable)
✓ADT-1 & AOC-4 ROC Filing Support
✓Board Report & Financial Statement Review
✓Post-Audit Query & Shareholder Support
💼 Statutory Audit Fee Structure
| Entity Type | Size / Turnover | Our Fee |
|---|---|---|
| Small Private Limited Company | Up to ₹2 Cr | ₹6,999 |
| Mid-Size Private Limited Company POPULAR | ₹2 Cr – ₹10 Cr | ₹14,999 |
| LLP Statutory Audit | Turnover > ₹40 Lakh | ₹8,999 |
| NGO / Trust / Society Audit | As Applicable | ₹5,999 |
| Public Limited Company | As Applicable | On Request |
| NBFC Statutory Audit | As Applicable | On Request |
| Bank Branch / Stock Audit | As Assigned | On Request |
| Large Company (> ₹10 Cr) | As Applicable | On Request |
* Fees depend on entity size, transaction volume & number of branches/locations. GST extra as applicable. Call for an exact quote.
⚠️ Penalty for Non-Compliance
₹25,000+
Penalty on company for default in appointing an auditor
₹100/day
Additional fee for late filing of AOC-4 / MGT-7 with ROC
Disqualification
Directors may be disqualified for continued non-compliance
Strike-Off Risk
Companies that consistently fail to file audited financials and annual returns risk being marked as "Active Non-Compliant" by the MCA and may eventually face strike-off proceedings, freezing the company's bank accounts and DIN of directors.
📁 Documents You Need to Share with Us
📚 Complete Books of Accounts / Tally Data
🏦 All Bank Statements (Full Financial Year)
📊 Trial Balance, P&L & Balance Sheet
📋 MOA, AOA & Certificate of Incorporation
📝 Board Resolutions & Minutes of Meetings
💳 Fixed Asset Register & Depreciation Chart
📦 Stock / Inventory Records
👥 Related Party Transaction Disclosures
📑 Previous Year's Audited Financials
🧾 Statutory Dues Payment Proof (GST, TDS, PF, ESI)
📈 Loan Agreements & Sanction Letters
🪪 PAN, CIN & DIN of Directors
🏆 Why Choose OneWay Tax Solutions LLP for Statutory Audit?
Qualified Chartered Accountants
Audits conducted by practicing CAs holding a valid Certificate of Practice, independent of management.
CARO 2020 Expertise
Thorough reporting on all applicable CARO clauses to keep your company fully compliant.
On-Time AGM Compliance
We plan the audit timeline to ensure your AGM, ADT-1 & AOC-4 deadlines are never missed.
100% Secure & Confidential
Your financial records are encrypted, never shared, and handled with strict confidentiality.
Post-Audit Support
CA on call for shareholder queries, ROC clarifications, and follow-up compliance.
Integrated ROC Filing
We don't stop at the audit report — ADT-1, AOC-4 & MGT-7 filing handled end-to-end.
WhatsApp Status Updates
Real-time updates on audit progress and ROC filing status — directly on WhatsApp.
Trusted in Jaipur since 2018
2000+ clients served. 5-star rated on Google. Walk-in available at our Jaipur office.
🔄 How It Works — 4 Simple Steps
1
Share Financials
Send books, bank statements & supporting documents
2
Audit Fieldwork
CA verifies records, controls & compliance areas
3
Draft Report Review
Audit report & CARO disclosures shared for review
4
AGM & ROC Filing
Report signed, AGM held, ADT-1/AOC-4 filed with ROC
❓ Frequently Asked Questions
Is statutory audit mandatory for all companies?+
Yes. Under the Companies Act 2013, every company registered in India — private limited, public limited, or one person company — must get its accounts audited annually by a practicing Chartered Accountant, regardless of turnover or profit, from the very first year of incorporation.
What is CARO 2020 and is it applicable to my company?+
The Companies (Auditor's Report) Order 2020 (CARO 2020) requires auditors to report on specific matters such as fixed assets, inventory, loans, related party transactions, and statutory dues. It applies to most companies except small companies, one person companies, and certain banking/insurance companies meeting specified exemption criteria.
What is the due date for appointing a statutory auditor (ADT-1)?+
Form ADT-1 for auditor appointment must be filed with the Registrar of Companies within 15 days of the conclusion of the Annual General Meeting (AGM) at which the auditor is appointed.
Are LLPs required to undergo a statutory audit?+
LLPs are required to get their accounts audited only if their annual turnover exceeds ₹40 lakh or their contribution exceeds ₹25 lakh. Below these thresholds, LLPs may file accounts without a mandatory audit, though a voluntary audit is recommended for good governance and easier loan/funding approvals.
What happens if a company doesn't file its audited financials on time?+
Late filing of AOC-4 or MGT-7 attracts an additional fee of ₹100 per day with no upper cap. Continued non-compliance can lead to the company being marked "Active Non-Compliant" by the MCA, director disqualification, and eventual strike-off of the company.
Can the same CA who maintains my books also be my statutory auditor?+
No. A statutory auditor must be independent of the company's day-to-day accounting function as per the Companies Act and Code of Ethics. If we maintain your books, we recommend an independent auditor for your statutory audit, or vice versa, to maintain audit integrity.