Statutory audit of private limited company

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Ankit Patel (Querist)
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09 July 2013 Dear All,

One Private Limited Company got registered on 03/05/2011 but no auditor was appointed till date and hence no statutory audit was performed . I want to ask whether company can now appoint auditor to do statutory audit for the FY 2011-12 & 2012-13 . Also no accounts and Annual return was filled with ROC for the FY 2011-12 and 2012-13 , can company file the same together after completing statutory audit of the company.

Vivek Hebbar

Vivek Hebbar (Expert)
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09 July 2013 Can be done. But there will be penalty for non-compliance.

Ankit Patel

Ankit Patel (Querist)
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10 July 2013 Dear Sir,

Thanks , but can you please let me know the total procedure in detail and amount of penalty ?

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