LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Auditor Appointment

Tanika Shah (10 Points)

28 December 2020

Procedure for appointment of Auditor for newly incorporated company? n wat forms to be filed?

Reply
Follow
Share

4 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 28 December 2020

company others than government by conducting boards meeting within 30 days of company incorporation

company secretary (6 Points)
Replied 28 December 2020

Auditor must be appointment within 30 days of the incorporation of the Company.
If not appointed, it can be appointed within 90 days in EGM.
The form to be filed for appointment of the Auditor is Form ADT-1 .

Ayush Pandoh (6 Points)
Replied 29 December 2020

In case of non government company
auditor is to be appointed by board of directors with in 30 days from incorporation if failed then power goes to members and they have to appoint within 90 days
In form no. ADT-1
whereas in case of government company
auditor is to be appointed by comptroller and auditor general of india within 60 days, if failed then power goes to BOD they have to appoint within 30 days,if failed then power goes to members they have to appoint within 60 days

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 31 December 2020

ADT1 is not required to be filed for appointment of first auditor by the Board. It is to be filed only after appointment in AGM.