First AGM

Originally posted by : Satish Kavitake
	whether ADT-1 is required to file for first financial year..

YES

ADT 1 for apointment of First Auditor is not required to be filed. The first auditor holds office till the conclusion of the first AGM.

The intimation of Appointment of subsequent auditor in AGM is given in ADT 1 to the ROC within 15 days of the date of AGM.

what will be penalty or fine if adt1 is filed after 45 days of agm

The late fees for ADT1 is Rs 100 per day after June 30 2018

Sir,

The Company shall have to bear four times of normal fees as additional fees for delay beyond 45 days in addition to normal fees.

The normal fees depends on authorised share capital of the company.

Nominal capital less than 1 lakh - Normal fees is 200, b/w 100000 to 499999 normal fees 300, 500000 to 2499999 normal fees is 400, 2500000 to 9999999 normal fees is 500 10000000 or more normal fees is 600.

You can enquire fees on MCA portal.

Rupees 100 fees per day is applicable on AOC 4 and MGT 7 which is waived off upto 31 december, 2018. It is not applicable on ADT 1.

ok thank you all..

>30 days and up to 60 days- 4 times of normal fees

>60 days and up to 90 days- 6 times of normal fees

>90 days and up to 180 days- 10 times of normal fees

> 80 days - 12 times of normal fees

No ADT-1 is not required to be filed for 1st Auditirs. The same is required for appointment of subsequent auditors. 

well if the company have incorporated on 30/09/16 then when will be first agm accordingly for year 2016-17

If the company got incorporated on 30/09/16 then first AGM should be held on or before 31st December,2017.

In that case is AOC 4 & MGT 7 will be filled for year 16-17 ??

Yes, AOC 4 and MGT 7 will be filed.

when will be the first AGM to be held??

Section 96(1) of the Companies Act, 2013 reads as under:   

"(1) Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next: Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company and in any other case, within a period of six months, from the date of closing of the financial year:

Provided further that if a company holds its first annual general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation. 

Provided also that the Registrar may, for any special reason, extend the time within which any annual general meeting, other than the first annual general meeting, shall be held, by a period not exceeding three months."