ADT-1 form is filed for the appointment of auditor in the company. Form ADT-1 is a compliance document that officially informs the ROC about the appointment or reappointment of an auditor by a company. This form is required under the Companies Act, 2013.
Submit to get Auditor Appointment (ADT-1)
It ensures that company is following the rules and laws
Process for Filing of ADT-1 required following steps i.e.,
Compilation of Documents.
Passing of Board resolution for appointment of Auditor
Filing of ADT-1 form and attach DSC of director on that and file the same on MCA portal
Pay the nominal fees as per the capital (Fees structure given below.
Hurray!! Now everything is done and Auditor has been appointed successfully.
Now let’s discuss every step in details: -
First, we have to compile the documents required i.e., Eligibility letter, DSC of directors, Board resolution etc.
Then we have to prepare and file ADT-1 within 15 days of passing of board resolution. So that penalty will not arise.
Now the last step is to pay the fees and you are all done.
Documents Deliverable: -
ADT-1 Form along with the Challan.
Government fees for Filing of the form ADT-1 along with the penalty
Normal fees
Nominal share capital
Fee applicable
Less than 1,00,000
200
1,00,000 to 4,99,999
300
5,00,000 to 24,99,999
400
25,00,000 to 99,99,999
500
1,00,00,000 or more
600
Additional fee rules
Period of delay
Additional fee applicable (INR)
Up to 30 days
2 times of normal fees
More than 30 days and up to 60 days
4 times of normal fees
More than 60 days and up to 90 days
6 times of normal fees
More than 90 days and up to 180 days
10 times of normal fees
More than 180 days
12 times of normal fees
Time Limit
Must be filed within 15 days of Board meeting at the time of incorporation and in casual vacancy.
On the reappointment of Auditor this has to be file before 15th October every year except the OPC and in case of OPC it has to be file before or on 27th October every year or 15 days from the days of reappointment of auditor whichever is earlier.
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Eligibility
It is applicable on every company whether listed, unlisted or any other type of company i.e., One person company, Section 8 Company, Trust etc.
When there is a case of casual vacancy company has to fill that vacancy by appointment and filing ADT-1 for that within 15 days of resignation of previous auditor.
Documents Required for Auditor Appointment (ADT-1)
Now let’s discuss about the documents requirement for filing of ADT-1 i.e., Auditor Appointment
Firstly, we need the Eligibility letter given by the auditor stating clearly that it is mot disqualified u/s 141.
Company’s Board Resolution is required to be passed for the appointment of auditor and then ADT-1 will be filed on MCA portal.
Digital signature certificate (DSC) of Director is required for signing of ADT-1 form.
Benefits Of Getting Auditor Appointment (adt-1)
Legal Compliance: Ensures that the company complies with the leagal laws prescribed under the law for the appointment of auditor.
Transparency: Enhances transparency by making the appointment of auditors a matter of public record.
Avoid Penalties: Helps avoid potential penalties or legal issues that may arise from failing to report the appointment within the stipulated time frame.
Regulatory Adherence: Maintains adherence to corporate governance standards and regulatory requirements.
