ADT-1
This query is : Resolved
Shobhit Jain
(Querist)
13 December 2019
It is mandatory for company to appoint auditor within 30 days of incorporation.
But There is a general thought that Form ADT 1 is not required to be filed for the appointment of the first auditor. This is because rule 4 (2) of company rules, 2014 mentions only about Sec 139 (1 )- appointment of auditors and not about Sec 139 (6) – appointment of the first auditor.
Now whether it is possible for company to file ADT-1 (For appointment of first auditor) after 30 days without any late fees and penalty?
But There is a general thought that Form ADT 1 is not required to be filed for the appointment of the first auditor. This is because rule 4 (2) of company rules, 2014 mentions only about Sec 139 (1 )- appointment of auditors and not about Sec 139 (6) – appointment of the first auditor.
Now whether it is possible for company to file ADT-1 (For appointment of first auditor) after 30 days without any late fees and penalty?
CS Richa Sharma
(Expert)
18 January 2020
ADT-1 is not required for first Auditors.
First Auditors will hold office till the conclusion of first AGM.
First Auditors will hold office till the conclusion of first AGM.
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