ADT-1 FOR 1ST AUDITOR APPOINTED BY BOD

MCA 247 views 1 replies

From 14 july


ADT filling for 1st auditor of company appointment by bod within 30 days of incorporation is now mandatory.

 

Till date some professionals were filling and some were not filling.

Now

Question is that if company incorporated in Jan to may 

Which have not filled ADT mentioned above 

Now they have filled from July in V3?


If yes. Then late fees will apply?

And is there any wayout for compliance without late fees

Replies (1)

Yes. Companies can fill ADT from July in V3, but late fees will apply. 

The late fees for ADT filing are as follows:

For companies with a paid - up capital of up to Rs.5 lakhs: Rs.1,000 per day.

For companies with a paid - up apital of more than Rs.5 lakhs but upto Rs.50 lakhs: Rs.2,000/- per day.

For companies with a paid-up capital of more than Rs.50 lakhs but upto Rs.1 crore: Rs.5,000 per day.

For companies with a paid - up capital of more than Rs.1 crore: Rs.10,000 per day.

Companies can avoid late fees by filing ADT within the required timeframe or by applying for an extention of time to file ADT.  


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