Ishita Ramani
Quick Summary
When it comes to ensuring smooth Pvt Ltd annual filing, Form ADT-1 plays an important role in maintaining legal compliance. Filing this form is not just a formality but a legal mandate under the Companies Act, 2013, that helps build accountability in a company's financial operations. In this articl
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FAQ :
Form ADT-1 is used by a Private Limited Company to inform the Registrar of Companies (ROC) about the appointment or reappointment of an auditor, as mandated by Section 139(1) of the Companies Act, 2013.
It's important for legal compliance, protects against penalties from the ROC, builds corporate credibility by showing adherence to governance practices, and maintains accurate ROC records regarding company auditors.
Form ADT-1 must be filed within 15 days from the date of the Annual General Meeting (AGM) where the auditor was appointed. It's typically filed annually during the Pvt Ltd annual filing process.
Mandatory information includes the company's CIN, the auditor's name, PAN, and membership number, the auditor's tenure and appointment date, and the relevant board resolution and consent letter.
Timely filing ensures a smooth audit process, a strong financial compliance history, avoids late fees and legal complications, and enhances the company's image, particularly during funding or acquisition processes.
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