Is statutory audit mandatory?

Yes for every company from first year regardless of turnover. LLPs only if turnover above Rs 40 lakh or contribution above Rs 25 lakh.

Who can be statutory auditor?

Independent CA in practice or CA firm. Must satisfy Section 141 independence conditions. Not employee officer or director.

Auditor reports on 21 specific matters including fixed assets loans related parties statutory dues fraud. Applies to most companies except OPC Small Company Section 8.

When should audit be completed?

Before AGM by 30 September for March year-end. AOC-4 within 30 days of AGM. ADT-1 within 15 days. Patron targets August completion.

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Mandatory: Every company (Pvt Ltd, OPC, Public, Section 8) must appoint a statutory auditor under Section 139

Auditor: Independent CA or CA firm | Appointed at AGM | Holds office till 6th AGM

Deliverables: Audited Balance Sheet, P&L, Cash Flow, Notes | Audit Report | CARO 2020 (if applicable)

Filing: AOC-4 with ROC Haryana within 30 days of AGM | ADT-1 for auditor appointment within 15 days

Statutory audit for startups, manufacturers, MNC subsidiaries, OPCs, and LLPs across Gurugram.

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Overview Applicability CARO 2020 LLP Audit Process Services Timeline Fees Why Patron Quality Patron vs Others FAQs

Statutory Audit in Gurugram: Section 139, CARO 2020, and Compliance

📌 TL;DR - Statutory Audit Service in Gurugram Services at a Glance

Every company must have statutory audit from first year (Section 139). Auditor: independent CA/CA firm, appointed at AGM, holds office till 6th AGM. Deliverables: audited financials + audit report + CARO 2020 (if applicable). AOC-4 within 30 days of AGM. ADT-1 within 15 days. LLPs: audit if turnover >Rs 40L or contribution >Rs 25L. Audit trail reporting mandatory from FY 2023-24.

Gurugram companies need quality statutory audit. For a comprehensive overview, see our Statutory Audit national guide.

Entity	Audit Required	CARO 2020	Key Form
Pvt Ltd (not Small)	Always (from Year 1)	Yes	AOC-4
Pvt Ltd (Small Company)	Always	Exempt	AOC-4
OPC	Always	Exempt	AOC-4
Public Company	Always	Yes	AOC-4
LLP	If turnover >Rs 40L or contribution >Rs 25L	N/A	Form 8

Auditor must be independent (Section 141). Appointed at AGM, holds office till 6th AGM (5-year term for firms, individual auditor). ROC Haryana at Chandigarh processes AOC-4 and ADT-1. Patron provides complete audit lifecycle: appointment to report to filing.

Content is reviewed quarterly for accuracy.

Who Needs Statutory Audit?

Every company registered under Companies Act 2013 must appoint statutory auditor and get accounts audited annually. This applies from the first year of incorporation regardless of turnover or profitability.

Pvt Ltd, OPC, Public, Section 8: All covered. No exemption based on size for companies.

LLPs: Audit required only if turnover exceeds Rs 40 lakh OR contribution exceeds Rs 25 lakh in any FY.

Auditor qualification: Independent CA in practice or CA firm. Must satisfy Section 141 (no financial interest, not employee/director). See Auditor Appointment.

Audit trail: From FY 2023-24, auditor must report on whether company used accounting software with edit log (audit trail) feature.

Key Terms for Statutory Audit Service in Gurugram:

Section 139: Auditor appointment at AGM. First auditor by Board within 30 days. Subsequent at AGM (holds till 6th AGM).

CARO 2020: Companies Auditor's Report Order - 21 specific reporting matters. Applies to most companies except OPC, Small Company, Section 8.

AOC-4: Financial statements + audit report filed with ROC within 30 days of AGM.

ADT-1: Auditor appointment intimation to ROC within 15 days of AGM.

Small Company: Turnover ≤Rs 50Cr + paid-up ≤Rs 4Cr + borrowings ≤Rs 50Cr. Exempt from CARO.

Statutory Audit CA Firm Gurugram

CARO 2020 - Applicability and Exemptions

CARO 2020 Applies To	CARO 2020 Does NOT Apply To
Pvt Ltd (unless Small Company)	One Person Companies (OPCs)
Public companies (listed + unlisted)	Small Companies (turnover ≤Rs 50Cr + paid-up ≤Rs 4Cr + borrowings ≤Rs 50Cr)
Subsidiaries of foreign companies	Section 8 companies (non-profit)
Manufacturing (Manesar, Udyog Vihar)	Banking/Insurance/Nidhi companies

CARO 2020 covers 21 matters: fixed assets, inventory, loans, Section 185/186 compliance, statutory dues, default in repayment, fraud reporting, related party transactions, whistle-blower, Benami property, and more. Patron provides detailed CARO reporting for applicable Gurugram companies.

LLP Audit Requirements

Service	What We Do
LLP Audit Threshold	Turnover > Rs 40 lakh OR contribution > Rs 25 lakh in any FY. Governed by LLP Act 2008, not Companies Act
LLP Audit Deliverables	Audited financial statements (Statement of Account and Solvency), auditor's report, Form 8 filing with ROC
Form 8 Deadline	Within 30 days from end of 6 months of FY (by 30 October for March year-end). Late: Rs 100/day NO cap
Gurugram LLPs	Professional LLPs (CA/CS/law firms in Cyber City), tech LLPs (Sohna Road), trading LLPs (Udyog Vihar)
Tax Audit (Section 44AB)	If LLP turnover > Rs 1 crore (business) or Rs 50 lakh (profession). Tax audit report in Form 3CA/3CD

Our Process

Audit Process - How Patron Conducts Statutory Audit

From planning to audit report to AOC-4 filing with ROC Haryana.

Phase 1

Planning + Interim Audit

Understand business, industry, risk profile. Review prior year findings. Set materiality thresholds. Develop audit plan. For larger companies: interim testing of internal controls, revenue, expenses, ITC during the year.

Plan readyRisks identified

Ready01

Phase 2

Year-End Audit

Verify all account balances at year-end. Examine supporting documents. Bank/debtor/creditor confirmations. Inventory verification (manufacturers). Fixed asset verification. Related party transactions. Provisions and contingent liabilities.

VerifiedConfirmed

Tested02

Phase 3

Report + Filing

Draft audit report with management discussion. Finalise auditor's report (unqualified/qualified/adverse). CARO 2020 report (if applicable). Sign and issue. Assist with AOC-4 filing with ROC Haryana within 30 days of AGM.

Report signedAOC-4 filed

Filed03

Audit Services Offered

Service	Scope	For
Pvt Ltd Statutory Audit	Financial review, audit report, CARO (if applicable), AOC-4	Startups to established companies
OPC Audit	Simplified audit, CARO exempt, quick turnaround	One-person companies
LLP Audit	Audited Form 8, Statement of Account and Solvency	LLPs above threshold
CARO 2020 Reporting	21 prescribed matters detailed reporting	Non-Small, non-OPC companies
First Audit (New Company)	Opening balance, incorporation compliance, ADT-1	Newly incorporated companies
MNC Subsidiary Audit	Group audit alignment, transfer pricing, Ind AS	Foreign subsidiary companies
Tax Audit (S.44AB)	Form 3CA/3CD, turnover >Rs 1Cr (business) / Rs 50L (profession)	Companies and LLPs

Patron plans audit completion by August for March year-end companies. AGM by 30 September. AOC-4 within 30 days. ADT-1 within 15 days. No last-minute rush. See Annual Compliance.

Audit Timeline and Key Dates

Challenge	Impact	How Patron Accounting Solves It
FY Close	31 March	Books finalised. Trial balance ready for audit
Audit Completion	By August (Patron target)	Well before AGM deadline. Management letter issued
AGM	By 30 September	Audited financials approved by shareholders
AOC-4 Filing	Within 30 days of AGM	Financial statements + audit report filed with ROC Haryana
ADT-1 Filing	Within 15 days of AGM	Auditor appointment intimation to ROC
Form 8 (LLP)	By 30 October	Audited Statement of Account and Solvency

Statutory Audit Fees

Fee Component	Amount
Pvt Ltd (Small Company)	Starting from Rs 14,999-24,999 (Exl GST) \| 3-4 weeks
Pvt Ltd (CARO applicable)	Starting from Rs 24,999-49,999 (Exl GST) \| 4-6 weeks
OPC Audit	Starting from Rs 9,999-14,999 (Exl GST) \| 2-3 weeks
LLP Audit	Starting from Rs 9,999-19,999 (Exl GST) \| 2-3 weeks
MNC Subsidiary Audit	Starting from Rs 49,999-99,999+ (Exl GST) \| 6-8 weeks
Tax Audit (Section 44AB)	Starting from Rs 9,999-19,999 (Exl GST) \| 2-3 weeks

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free Statutory Audit Service in Gurugram consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

Why Choose Patron Accounting in Gurugram?

Stage	Estimated Timeline
Gurugram Office	Golf Course Extension Road - statutory audit for Cyber City startups, Manesar manufacturers, Golf Course Road MNCs
Multi-Industry Experience	IT/SaaS, manufacturing, trading, professional services, e-commerce, real estate. Industry-specific audit approach
August Completion Target	Audit completed by August for March year-end. AGM and AOC-4 filing on time. No last-minute rush
CARO 2020 Expertise	Detailed 21-matter reporting. Critical for companies with borrowings, fixed assets, related party transactions
Complete Lifecycle	ADT-1 appointment → audit planning → fieldwork → report → AOC-4 filing. End-to-end

Critical: Audit mandatory from Year 1 for all companies. AGM by 30 September. AOC-4 within 30 days of AGM. ADT-1 within 15 days. CARO 2020 for non-Small, non-OPC. Audit trail reporting from FY 2023-24. LLP audit if turnover >Rs 40L. Patron completes by August.

Key Benefits

Patron vs Other CA Firms

Patron: Planned Timeline

Audit completed by August. AGM and filings on time. Management letter with actionable observations. No September rush.

Others: Last-Minute

Audit starts in September. Rush job. Errors in report. AOC-4 filed late. Penalties and compliance gaps.

Patron: Investor-Ready

Clean audit reports that withstand investor due diligence. Ind AS / GAAP compliance. CARO addressed proactively.

Patron: Complete Filing

ADT-1 + AOC-4 + MGT-7A filing as part of audit engagement. Nothing left pending after audit is done.

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"Startup in Cyber City - first 3 years audited by Patron. Clean reports every year. When we raised Series A, investor due diligence passed without a single query on financials."
- CEO, SaaS Startup, DLF Cyber City

"Manufacturing unit with CARO reporting. Patron completed audit by July, filed AOC-4 in August. Bank reviewed our audited statements for credit renewal - approved same day."
- CFO, Manufacturing Company, IMT Manesar

Patron vs Other Firms Detailed

Factor	Patron	Typical CA Firm
Audit Timeline	Completed by August (planned)	September rush (reactive)
CARO 2020	Proactive 21-matter reporting	Often superficial
Audit Trail	Software review + reporting	Often skipped
ROC Filing	AOC-4 + ADT-1 included in engagement	Separate engagement/delayed
Investor Readiness	Clean reports for due diligence	Qualifications not addressed
Pricing	From Rs 9,999 (OPC) / Rs 14,999 (Pvt Ltd)	Variable, often unclear scope

Related Services

Legal and Compliance Framework

Governing Law: Companies Act, 2013 | Companies (Audit and Auditors) Rules, 2014 | LLP Act, 2008 | IT Act (S.44AB)

Standards: Standards on Auditing (ICAI) | Ind AS / Indian GAAP | Schedule III format

Filing: AOC-4 within 30 days of AGM | ADT-1 within 15 days | Form 8 (LLP) by 30 October

Audit Trail: Mandatory reporting from FY 2023-24 on accounting software edit log compliance.

FAQs - Statutory Audit in Gurugram

Common questions about statutory audit, CARO 2020, auditor appointment, and filing requirements for Gurugram companies.

Quick Answers

Kya statutory audit zaroori hai? Haan. Har company ko first year se. LLP ko sirf Rs 40L turnover ya Rs 25L contribution ke upar.

AGM kab tak? 30 September tak. AOC-4 AGM ke 30 din mein. ADT-1 15 din mein. Patron August tak complete karta hai.

CARO 2020 kya hai? Auditor ko 21 points par report karna padta hai. OPC aur Small Company exempt hain.

Plan Your Audit Early - August Completion Target

Statutory audit mandatory from Year 1. AGM by 30 September. AOC-4 within 30 days. CARO 2020 for non-Small companies. Audit trail reporting mandatory. Patron starts planning in April for August completion. No September rush.

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Get Expert Statutory Audit in Gurugram

Statutory audit is fundamental compliance from Year 1. Quality and timeliness directly impact compliance standing, investor confidence, and banking relationships. Plan early, complete by August, file on time.

Patron Accounting's Gurugram office provides complete audit lifecycle: ADT-1 appointment, audit planning, fieldwork, CARO 2020, audit report, and AOC-4 filing with ROC Haryana.

With 10,000+ businesses served, a 4.9 Google rating, and 50,000+ documents filed, Patron Accounting LLP is a trusted audit partner across Gurugram, NCR, and India.

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