All Indian Private Limited companies — including foreign-owned subsidiaries — must undergo a mandatory statutory audit every year and file annual returns with the MCA (ROC).
For foreign founders, this is often the most misunderstood part of India’s compliance cycle.
KRPR & Associates provides end-to-end annual audit and company law compliance, ensuring your India entity stays fully compliant with Indian regulations.
Why Foreign Companies Need Statutory Audit in India
Even if:
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the company has low revenue
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no local customers
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is only a cost center
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only pays salaries
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or hasn’t started operations
…the statutory audit is still mandatory under the Companies Act.
Foreign founders often assume audit = tax audit (like Australia, US, Singapore).
In India, statutory audit is separate and required for every company.
What KRPR Covers as Part of Statutory Audit & ROC Compliance
1. Statutory Audit (Companies Act Audit)
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Verification of financial statements
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Review of intercompany transactions & TP impact
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Reporting internal control gaps
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Ensuring compliance with Accounting Standards (Ind-AS if applicable)
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Audit report issuance
2. Annual ROC Filings
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AOC-4 – Filing audited financial statements
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MGT-7 – Annual return
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Director KYC
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Maintenance of statutory registers
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Minutes and board documentation
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Annual filing timelines & reminders
3. FEMA + FDI Compliance Review
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FC-GPR / FC-TRS tracking
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Intercompany loan & equity review
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Ensuring compliance with RBI regulations
4. Tax + TDS Year-End Review
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Verification of TDS reports
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26AS / AIS reconciliation
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Advance tax computation
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Income tax return filing for the company
5. Schedule III Compliance & Notes to Accounts
Ensuring your financial statements follow the exact MCA-prescribed format.
KRPR’s Audit Approach for Foreign-Owned Companies
Your entity is unique:
international transactions, multiple currencies, salary recharge, TP models, parent funding.
Our audit approach is designed exactly for that:
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Understand your business model
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Review intercompany agreements
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Validate cost allocation & TP compliance
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Ensure correct classification of expenses
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Verify payroll compliance
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Review GST + TDS positions
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Guide your accounting team to correct issues
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Provide a clean, defendable financial package
KRPR is not a volume-driven audit firm.
We act as your India compliance partner, not just auditors.
What Foreign Founders Need to Provide
We keep it simple.
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Trial balance
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Payroll register
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Intercompany agreements
-Expense invoices -
Bank statements
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Parent-company recharge summary
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Fixed asset list
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GST + TDS filings
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Previous year audit report (if applicable)
We do the rest.
Annual Statutory Audit Cycle (Month-by-Month)
✔ April – June: Book closure & cleanup
✔ July – September: Statutory audit
✔ October – December: ROC filings (AOC-4 + MGT-7)
✔ October – November: TP & income tax preparation
Foreign founders get a clear compliance calendar to avoid surprises.
Common Issues We Help Foreign Companies Avoid
❌ Delay in audit due to incorrect bookkeeping
❌ Missed ROC filings → penalties
❌ Incorrect intercompany expense allocation
❌ FDI reporting lapses
❌ Incorrect revenue recognition
❌ No statutory registers maintained
❌ Usage of foreign accounting templates
❌ GST mismatches
❌ Payroll non-compliance discovered during audit
We prevent all of this with one integrated audit and compliance workflow.
Why Choose KRPR for Audit & ROC Compliance
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15+ years of statutory audit experience
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Specialists in foreign-owned Indian subsidiaries
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In-house audit + compliance + FEMA teams
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6 CAs, 3 CS, 2 lawyers, 20 bookkeeping professionals
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Deep understanding of SaaS, product, engineering, consulting, CRO, and trading models
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Zero-surprise compliance
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On-time filings
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Friendly, founder-first approach
KRPR becomes your complete India compliance backbone.