A private limited company is formed under Companies Act,2013. As per the provisions of Companies Act,2013 every company incorporated has to mandatory get its books of accounts audited by a practicing CA at the end of every year since its incorporation. This has to be mandatorily followed irrespective of whether the company is registered as a Startup or not. Apart from getting the books of accounts audited one has to also comply with MCA Compliance for smooth functioning of business without any default in compliance.
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