ADT-1 Form Filing
Auditor appointment services include help with discovering, engaging and appointing of Auditor for newly incorporated Private Limited Company (Audit fee will be extra based on the nature and volume of transaction).
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ADT-1 Form for Appointment of First Auditor
ADT-1 is a form used for intimating the Registrar of Companies about the appointment of the first auditor of a company. According to the Companies Act 2013, every company must appoint its first auditor within thirty days of Company incorporation. Once the auditor has been appointed, the company must file Form ADT-1 with the ROC within fifteen days of the appointment.
The first auditor appointed by the company holds office until the conclusion of the first Annual General Meeting (AGM). The AGM should be kept within nine months from the end of the fiscal year in which the company was incorporated. At the AGM, the shareholders of the company can either ratify the appointment of the first auditor or appoint a new auditor for the company.
Appointing an auditor for the first time can be overwhelming for a new company. However, complying with the provisions of the Companies Act is crucial to avoid any legal consequences in the future. It is a mandatory compliance requirement for companies in India, and failure to file Form ADT-1 can result in penalties and fines.
Form ADT-1
Form ADT-1 is an intimation filed by companies with the Registrar of Companies about the appointment of an auditor after the conclusion of the Annual General Meeting (AGM) under Section 139 (1) of the Companies Act, 2013. It is mandatory for companies to file this Form every year with the ROC as a notice of appointment of an auditor after the AGM, where the new auditor was named.
Form ADT-1 contains details such as the name, address, and qualifications of the appointed auditor. It is essential for companies to file this Form within 15 days of the AGM to ensure compliance with legal requirements and avoid any penalties or fines.
Requirements for Filing Form ADT-1
Form ADT-1, as it is mandatory for all companies to file this Form with the Registrar of Companies. Every company that has appointed an auditor, whether it is a public, private, listed, or unlisted company, it must file Form ADT-1 within the prescribed time frame.
However, to file Form ADT-1, the company should have appointed an auditor as per the provisions of the Companies Act 2013. The auditor should also have provided written consent for their appointment as the auditor of the company. Additionally, the auditor should also provide a certificate stating that they are not disqualified or ineligible to be appointed as an auditor under Section 141 of the Companies Act, 2013.
Details of Auditor to be submitted
- Category of the auditor - Firm or an individual practitioner
- Chartered Accountancy membership number
- Address, Email-id
- PAN number of the auditor
- The period for which an appointment is made
- Membership number of vacated auditor
Related Business Registrations
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
