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Audit and filing returns

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(Querist)
26 February 2011 Is it necessary for a newly formed company without any transactions to go for an audit and file its balance sheet (with only authorised capital )and P/l account duly certified by a CA?
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
27 February 2011 Yes it is necessary even if only share capital is subscribed and NIL profit & Loss Account.
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Abishek

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Abishek (Querist)
28 February 2011 thank you sir
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