banner_ad

Appointment of Auditor

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 November 2016 Is it mandatory to appoint first auditor in the company by filing form ADT 1 even if it is a loss making co. And is in the 2nd year of its operation?
Profile Image

CA Amrita Chattopadhyay

Profile Image

CA Amrita Chattopadhyay (Expert)
02 December 2016 Yes, it is important to appoint the first auditor
Profile Image

Saket Agarwal

Profile Image

Saket Agarwal (Expert)
04 December 2016 The first auditor of the company is supposed to be appointed by the Board of Directors in the first board meeting of the company after incorporation. The time limit for which is 30 days from the date of incorporation. If the board has for some reason not appointed the first auditor then the board has to first inform the shareholders of the same and then get the first auditor appointed by the shareholders.

ADT 1 is not required to be filed for appointment of first auditor appointed by the board.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details