Change in Auditor Firm's Constitutiom

The company had appointed an auditor firm (partnership) via Form ADT-1 but now the firm is no longer in existence and the auditor is functioning as an individual (proprietorship). What should the company do in this regard?

Replies (4)
Quick Summary
If your company's appointed auditor firm (a partnership) no longer exists and is now operating as an individual proprietorship, you need to take specific steps. First, file Form ADT-3 to resign the auditor firm. Following this, you can appoint the individual auditor, provided shareholder approval is obtained and relevant sections of company law are adhered to. For listed companies, additional disclosures to the stock exchange are also necessary.

In This case, you can file ADT-3 for resignation of auditor firm with relevant details and post that appoint individual auditor with shareholders approval and by filing ADT-1 subject to provision of section 139,140,141 and rules made thereunder, if company is listed relevant disclosures to stock exchange also required under Schedule iii Para A Part A...
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First File ADT-3 for resignation of firm.

Second appoint back to new constitution.

Thank You for the response.. Another question is Sir.. can the continuing partner give NOC on behalf of the firm?

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