ADT-1 Filing: Your Essential Step for Auditor Appointment and Resignation Compliance
In the corporate governance framework, timely and accurate filing of statutory forms with the Ministry of Corporate Affairs (MCA) is crucial for maintaining transparency and compliance. One such important form is ADT-1, which is mandatory for notifying the appointment, resignation, or removal of an auditor in a company.
What is ADT-1 Filing?
ADT-1 is a statutory form prescribed under the Companies Act, 2013. It must be filed with the Registrar of Companies (ROC) whenever there is:
- Appointment of a new auditor,
- Re-appointment of an existing auditor,
- Resignation of an auditor, or
- Removal of an auditor.
This filing formally informs the government about changes in the company's audit function and helps maintain accurate records of the company's auditors.
Why is ADT-1 Filing Important?
- Legal Compliance: Section 139(1) and other related provisions of the Companies Act mandate the filing of ADT-1 within 15 days from the date of appointment or resignation of an auditor.
- Transparency: It ensures that stakeholders and regulatory authorities are informed about the auditors responsible for examining the company's financial statements.
- Avoid Penalties: Non-filing or delayed filing of ADT-1 can attract penalties and fines from the ROC.
- Corporate Governance: Timely filing supports good governance practices by keeping audit-related records up to date.
When Should ADT-1 be Filed?
- Within 15 days from the date of appointment of a new auditor at the Annual General Meeting (AGM) or in an Extraordinary General Meeting (EGM).
- Within 15 days from the receipt of the resignation letter from the auditor.
- Immediately after the removal of an auditor by the company.
Who is Responsible for Filing ADT-1?
The company's Board of Directors is primarily responsible for filing ADT-1 with the MCA. However, the company secretary or compliance officer typically manages the preparation and submission of the form.
How to File ADT-1?
The process of ADT-1 filing involves:
- Board Resolution: Passing a resolution for the appointment, resignation, or removal of the auditor.
- Form Preparation: Filling ADT-1 form with relevant details like auditor's name, DIN/PAN, date of appointment or resignation, and reasons (if applicable).
- Attachments: Attaching necessary documents such as the board resolution, auditor's consent, and resignation letter (if applicable).
- Digital Signature: The form must be digitally signed by a director and company secretary (if applicable).
- Submission and Payment: Submit the form online via the MCA portal and pay the prescribed filing fee.
Our ADT-1 Filing Services
We provide comprehensive ADT-1 filing services to ensure your company complies with all statutory requirements:
- Consultation: Guide you on the timing and requirements for ADT-1 filing.
- Document Preparation: Draft and review board resolutions, auditor consents, and other necessary documents.
- Form Filling & Submission: Accurate and timely filing of ADT-1 on the MCA portal.
- Compliance Monitoring: Keep track of deadlines and notify you to avoid delays.
- Post-Filing Support: Provide acknowledgments and assist in resolving any queries or objections raised by ROC.
Why Choose Us for ADT-1 Filing?
- Expert Knowledge: Deep understanding of Companies Act provisions related to auditor appointments.
- Accuracy: Precise documentation and error-free filings to avoid rejections.
- Timely Service: Filing within stipulated deadlines to prevent penalties.
- Customer Support: Dedicated assistance through every step of the process.
Ensure Seamless Auditor Appointment and Resignation Compliance
Keep your company compliant and transparent with professional ADT-1 filing services. Contact us today to manage your auditor-related filings efficiently and worry-free.
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