Hi, I have a query, a company has started with share capital of 1 lakh on 02 march 2016. Please let me know below details:
1) Is Audit required to be done for Financial year ending 2016? Is it mandatory?
2) Can we directly file ADT-1, AOC-4 and MGT_-7 now without doing audit? Which ITR is used for filing the company returns. Thanks a lot