Adt 1
This query is : Resolved
23 November 2016
Whether the first auditor of the company can be appointed as the auditor in the first annual general meeting. if yes whether he will be appointed for five years or four years?
if he can appointed for five years whether we have to mention the period of his appointment as first auditor in the following particular of form ADT 1
"Specify the tenure of previous appointment(s) of the auditor or auditor's firm or its member in the same company in which audit was conducted or is functioning (excluding previous years having break of five or more years as specified
in Rule 6)"
Please Reply
if he can appointed for five years whether we have to mention the period of his appointment as first auditor in the following particular of form ADT 1
"Specify the tenure of previous appointment(s) of the auditor or auditor's firm or its member in the same company in which audit was conducted or is functioning (excluding previous years having break of five or more years as specified
in Rule 6)"
Please Reply
23 November 2016
As per Section 139(6), Appointment of First Auditor shall be by the Board within 30 days from the date of incorporation.
In case of Board’s failure, an EGM shall be called within 90 days to appoint the first auditor.The First Auditor hold the office till the conclusion of 1st Annual General Meeting.
As per section 139(1) every company shall appoint at its 1st annual general meeting an individual or a firm as an auditor of the company who shall hold office who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting i.e The appointment of auditors shall be made for a 5 year term subject to ratification at every Annual General Meeting.
In ADT- 1 -Tenure of previous appointment is NIL
In case of Board’s failure, an EGM shall be called within 90 days to appoint the first auditor.The First Auditor hold the office till the conclusion of 1st Annual General Meeting.
As per section 139(1) every company shall appoint at its 1st annual general meeting an individual or a firm as an auditor of the company who shall hold office who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting i.e The appointment of auditors shall be made for a 5 year term subject to ratification at every Annual General Meeting.
In ADT- 1 -Tenure of previous appointment is NIL
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Entries in AIS regarding sale of units and shares
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
