Regarding form 23b

This query is : Resolved 

12 March 2013 Dear Experts,

A Private Limited Company was Incorporated on 11/01/2013 and the Company appointed their First Auditor in their Board Meeting held on 09/02/2013 and Intimation of appointment was sent to the Auditor on 14/02/2013.

As per Company Law,First Auditor is appointed by the Board of Directors of the Company and he/she holds office till the conclusion of the First AGM of the Company.

Moreover, as per Companies Act,1956 the First Auditor is not required to send Intimation of acceptance to ROC.

Please Advise whether Intimation is to be sent to ROC by the Auditor as SRN of Form 23B is required to be filled in during filing of FORM 23AC by the Company.

If Form 23B is to be filed then period of accounts to be audited will be 11/01/2013 to 31/03/2013?

Please reply to this issue.

12 March 2013 Dear Rahul,
There is no need to require file form 23B for appointment of auditor.
when you file form 23AC, SRN should be filled with Z99999999 then file the form.
However You can take financial year from 11/01/2013 to 31/03/2014.Hence no need to require form 23B and Roc filing for 2013.

12 March 2013 Absolutely Mr. Rahul you are right.

It is a good corporate practice to file Form-23B in time and now it is required in Form-23AC so file Form-23B to avoid future problem.

12 March 2013 Procedure to file Form 23B (Appointment of First Auditor)

1. The company will call Board Meeting to appoint an statutory auditor at Board Meeting within one month from the date of incorporation of company.
2. Send letter of appointment to auditor within seven days from the appointment.
3. The auditor give letter of acceptance as auditor to the company.
4. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
5. Form 23B can be download from www.mca.gov.in
6. Letter of appointment will be attached with Form 23b.
7. The SRN no will be generated with fee.

12 March 2013 Dear Ajay Sir,

Please provide me the period of accounts to be mentioned in Form 23B. It should be 11/01/2013 to 31/03/2013 or something else.

Please advise me.

20 July 2025 Regarding your query on Form 23B (Intimation of Appointment of First Auditor):

1. Is filing Form 23B mandatory for the first auditor?
Earlier (under Companies Act, 1956): Filing Form 23B was not mandatory for first auditor appointment.
Currently (under MCA portal & Companies Act, 2013 rules): It is considered good corporate practice and often required when filing Form 23AC (financial statements), as the SRN of Form 23B needs to be mentioned.
To avoid any future complications or rejections, filing Form 23B is advisable.
2. Period of accounts to mention in Form 23B:
Since your company was incorporated on 11/01/2013, the first financial year can be extended up to 31/03/2014 (maximum 15 months allowed for the first financial year).
Hence, the period of accounts in Form 23B should be from 11/01/2013 to 31/03/2014.
Mentioning the period as 11/01/2013 to 31/03/2013 (just 2.5 months) is not usual because it will not cover the full financial year.
3. Summary of procedure to file Form 23B:
Board meeting to appoint auditor within 1 month of incorporation.
Send appointment letter to auditor within 7 days.
Auditor gives acceptance letter.
Company files Form 23B with ROC within 30 days of acceptance.
Attach appointment letter and auditor acceptance letter with Form 23B.
On filing Form 23B, you will get SRN which you mention in Form 23AC.
Advice:

File Form 23B with the period 11/01/2013 to 31/03/2014.
Use the SRN generated in Form 23AC for financial statement filing.


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