We are a CA firm, and the Statutory Auditors of a Company for more than 20 years. This Company is not a specified Company U/s 139(2) read with Rule 5 of Companies (Audit and Auditors) Rules, 2014. But ADT 1 eform is framed in such way that, Sec 139(2) is applicable to all cmpanis, by making point no 4(i) as a compulsory field. If we give the details of 20 years Audit, whether we will be disqualified from appointment ?
Menu
Adt 1 eform - point no 4(i) - how to fill ?
Replies (3)
BY VIRTUE OF RULES , IN COUNTING PERIOD OF 5 YEARS PREVIOUS APPOINTMENT IS INCLUDED , SO THE FIRM IS DISQUALIFIED TO BE APPOINTED AS STATUTORY AUDITOR OF THE FIRM.
I think you are not disqualified from appointment since the limit of 5/10 years is applicable only on specified companies and not on small companies and unspecified companies. Also there cannot be separate ADT-1 forms for specified and unspecified companies.
As auditor is eliginble for reappointment in agm but till then did not provide with the consent and now he has povided the consent so can he appointed in EGM instead of AGM for financial year 2015-2016.
KIndly reply.
Thanks,
MAnisha
Recent Topic
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
Related Topics
CAclubindia
