Starting a Company in India Can Eat You Alive โ Even if Youโre Broke Tag your CA friends, theyโll cry too. Started an OPC thinking it's "just a formality"? Even if you made โน0, the govt wants an audit like you're Infosys. Statutory Audit = Mandatory Even if: No revenue No customers Just a bank account You're broke Still need a CA to audit your 3-page misery. Deadlines that bleed: Audit: Sept 30 AOC-4: Oct 30 MGT-7A: Nov 29 Miss these = โน100/day fine. Want to shut down? Cool โ but: No assets/liabilities File STK-2 + solvency docs Pray MCA doesnโt ask questions. Pro Tip: Skip fancy CAs. Bargain hard โ โน5kโโน10k audit deals exist. Try CAclub, IndiaFilings, or your CA cousin. Thinking of ghosting? Youโll get notices, a โdefaultingโ tag, director ban, โน1โ5L finesโฆ maybe jail. If you're just testing ideas: Sole prop + Udyam + GST > OPC headache. TL;DR: OPC isnโt for broke hustlers. File, strike off, or suffer. Stay broke. Stay safe.
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