Adt-1

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IF STATUTARY AUDITOR APPOINTED IN 1ST AGM HELD IN 2013 FOR FY 2013-14 ,WHETHER HE IS LIABLE TO FILE ADT-1 FOR FY 2014-15?

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3 Replies

CA Reshma K N (CHARTERED ACCOUNTANT) (96 Points)
Replied 28 December 2015

Statutory Form ADT-1 is only for appointment of the auditor which is ratified year after year for 5 consecutive years.

Ratification cannot be considered as appointment. There is no need to file ADT-1 for ratification. However pass an ordinary resolution.

Pratik Shah (Practising Company Secretary) (4432 Points)
Replied 28 December 2015

Yes, he was liable to file Form ADT-1 for FY 2014-15 becasue he was appointed only for 1 year earlier (i.e. for FY 2013-14).

Jaspal Singh (Practising CA) (449 Points)
Replied 28 December 2015

Yes for F.Y. 2014-15 , liable to file ADT-1,it is not a ratification since ADT -1 filed for first time after commencement.

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