Share capital nit deposited in the bank account Audit

Based on the Companies Act 2013 and the Companies (Audit and Auditors) Rules 2014, here are the answers to your questions: 1. Statutory Audit applicability: - Since the company was incorporated in December 2023 and has not commenced business, the statutory audit is not applicable for the financial year 2023-2024. 2. Auditor appointment: - You can appoint an auditor in the 1st Annual General Meeting (AGM). - However, it is recommended to appoint an auditor as soon as possible to ensure compliance with the Companies Act. 3. AGM without audit: - You can hold the 1st AGM without the audit report, but you need to ensure that the financial statements are prepared and presented in the AGM. - However, it is important to note that the audit report is a critical component of the AGM, and it is recommended to have the audit report ready before holding the AGM. Additionally, please note that: - The company needs to deposit the paid-up capital in the bank and obtain the certificate of commencement of business to start its operations. - The company should file the necessary forms with the Registrar of Companies (ROC) within the prescribed timelines to avoid any penalties or legal issues. It is recommended to consult with a chartered accountant or a legal professional to ensure compliance with all the regulatory requirements.