MCA Plans Big Relief for Micro Companies: Statutory Audit Likely To Be Optional Up to Rs 1 Crore Turnover

Last updated: 27 November 2025

The Centre is examining a landmark relaxation that could exempt India's smallest companies from mandatory statutory audits-a move that would mark the first major reconsideration of audit requirements since the Companies Act was revamped. According to officials aware of the discussions, the Ministry

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Category Corporate Law   Report

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