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Why MCA’s Plan to Exempt Companies up to ₹1 Crore Turnover from Statutory Audit Deserves Support

CS Prashant KumarNovember 26, 2025November 26, 2025

India is considering its most meaningful audit reform in years. MCA may exempt companies with turnover up to ₹1 crore from mandatory statutory audits — a shift that could reduce compliance costs, support small businesses, and align India with global proportional-governance standards.

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Why MCA’s Plan to Exempt Companies up to ₹1 Crore Turnover from Statutory Audit Deserves Support