ADT-1: Appointment of Auditor
ADT-1 is a form used by companies in India to intimate the Registrar of Companies (RoC) about the appointment of an auditor. This form is mandated by Section 139(1) of the Companies Act, 2013 and must be filed within 15 days of the auditor’s appointment. Filing ADT-1 is a crucial compliance requirement to ensure transparency and accountability in the company's financial reporting.
Required Documents
- 1. Board Resolution: A certified true copy of the board resolution appointing the auditor.
- 2. Appointment Letter: The letter of appointment issued to the auditor.
- 3. Consent Letter from the Auditor: A written consent from the auditor confirming their willingness to act as an auditor.
- 4. Certificate from Auditor: A certificate from the auditor stating that the appointment is in accordance with the conditions specified in the Companies Act, 2013.
- 5. Form MGT-14: If applicable, a copy of Form MGT-14 filed with the RoC for the resolution passed.
Process for Filing ADT-1
- 1. Board Meeting: Convene a board meeting to discuss and approve the appointment of the auditor.
- 2. Pass Resolution: Pass a resolution for the appointment of the auditor and obtain the auditor's consent.
- 3. Issue Appointment Letter: Send the appointment letter to the auditor.
- 4. Obtain Required Documents: Collect the consent letter and certificate from the auditor.
- 5. File ADT-1: Log in to the MCA portal, fill in the details in Form ADT-1, and upload the necessary documents.
- 6. Pay Fees: Pay the applicable fees for filing ADT-1.
- 7. Submit and Track: Submit the form and track the acknowledgment of submission from the MCA portal.
How Accto Helps with ADT-1 Filing
- Expert Consultation: Our team of experts will guide you through the entire process of appointing an auditor and filing ADT-1.
- Document Preparation: We assist in drafting the board resolution, appointment letter, and obtaining the necessary consent from the auditor.
- Filing Assistance: Our professionals will fill out the ADT-1 form accurately and ensure timely submission to the RoC.
- Compliance Check: We perform a thorough check to ensure all documents are in compliance with the Companies Act, 2013.
- Follow-up: We track the status of your ADT-1 filing and handle any queries or issues that may arise during the process.
FAQ on Appointment of Auditor
ADT-1 is a form used by companies to inform the Registrar of Companies (RoC) about the appointment of an auditor.
Every company that appoints an auditor is required to file ADT-1 with the RoC within 15 days of the appointment.
ADT-1 must be filed within 15 days of the auditor's appointment.
Yes, ADT-1 is filed online through the Ministry of Corporate Affairs (MCA) portal.
The main documents required are the board resolution, appointment letter, consent letter from the auditor, and the auditor's certificate.
Yes, there is a fee for filing ADT-1 which varies based on the company’s share capital.
Non-filing of ADT-1 within the stipulated time can lead to penalties and may affect the company's compliance status.
Yes, an existing auditor can be re-appointed and the same needs to be intimated through ADT-1.
Accto offers expert guidance, document preparation, form filling, compliance checks, and follow-up services to ensure smooth and timely filing of ADT-1.
No, ADT-1 is required to be filed only at the time of the initial appointment or re-appointment of the auditor.