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?
CAclubindia
