Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance

Auditors appointment-rectification


30 January 2023 An urgent query -pls help

A Pvt Ltd co had appointed X as its statutory auditors in 2019 for 5years till FY 2023-24.
Later on they developed some differences. In 2021-22 after the AGM for 2020-21(AGM date 30/11/2021) the company appointed another auditor Y as its auditors for 5 years in place of existing auditor X without intimating him and by oversight some jr staff in the company filed ADT-1 on 20the June 22 for auditor Y.But auditor officially resigned on 20th Sep 2022 after the settlement of his account and thereafter filed ADT-30th Sep 2022.
Now the situation is that form ADT-1 for appointment of new auditor has been filed before (ie on 20th June,22) the filing of form ADT-3 on 30th Sep 22 for outgoing auditor. Is this a serious non-compliance if it is left as it is.

Can anyone suggest any way out to rectify this.

What if the company files another ADT-1 after 3oth Sep 22(say 10th oct) appointing auditor Y as auditor in casual vacancy to conduct the audit for FY 2021-22 and then re-appoints him auditor for 5 years in the AGM of 2022(the co has time to hold AGM till 30/09/2022)

PC Joshi



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Automated Data Entry into Tally, Zoho Books, Quickbooks Certificate in Quantitative Finance Program
Advanced Level Course on GST Returns and ITC Issues with CA Abhishek Raja Ram


Follow us


Answer Query