Master in Accounts & high court Advocate
9610 Points
Joined December 2011
If you did not appoint an auditor for FY 22-23, you need to take immediate action to avoid penalties and comply with the Companies Act, 2013. Here's a step-by-step guide: 1. Appoint an auditor: Immediately appoint an auditor for FY 22-23. Ensure the auditor is eligible and not disqualified under the Companies Act, 2013. 2. File Form ADT-1: Within 15 days of appointing the auditor, file Form ADT-1 with the Registrar of Companies (ROC). This form notifies the ROC of the auditor's appointment. 3. File AOC-4: File the overdue AOC-4 (Financial Statements) for FY 22-23 as soon as possible. You may need to pay additional fees for the delay. 4. Pay additional fees: For delayed filing of AOC-4, you'll need to pay additional fees, which will increase as time passes. 5. Avoid penalty: To avoid penalties, ensure you file all overdue forms and documents as soon as possible. The penalty for non-compliance can range from ₹50,000 to ₹5,00,000. 6. Consult a professional: If you're unsure about the process or need assistance, consult a chartered accountant or company secretary to ensure compliance and avoid further complications. Remember, it's essential to address this situation promptly to avoid additional penalties and ensure compliance with the Companies Act, 2013.