Is it mandatory for all OPC companies to be audited?

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Founder Director & CEO
30 Points Posted on 28 December 2021

Hi,

 

Is it mandatory for all OPC companies to be audited?

 

Regards

Debopriyo

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On 28 December 2021 at 17:49 Report
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Quick Summary
This discussion explores whether audits are compulsory for all One Person Companies (OPCs). While it's confirmed that audits are currently mandatory for OPCs, a question is raised about the possibility of requesting the government or MCA to waive this requirement for OPCs below a certain turnover threshold. The aim is to determine if an audit could be optional for smaller OPCs.

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Company Secretary
7085 Points Posted on 28 December 2021
Yes audit is mandatory in opc
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On 28 December 2021 at 18:20
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Founder Director & CEO
30 Points Posted on 28 December 2021

Is there a place where we can request the GOI or MCA to remove mandatory audit for OPC for a certain turnover amount say X? For eg if turnover is less than X then no audit/ auditor is needed.

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On 28 December 2021 at 19:05

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