30 March 2017
dear experts,
we have filled form ADT-3 along with additional fees but roc has raised query that " form filled beyond the limit specified in section 140(2) plz clarify for non compliance and action initiated u/s 140(3)."
how we can save from penalty? plz suggest.
31 March 2017
Auditor has to file Form ADT-3 within 30 days of resignation indicating relevant reasons and facts. The onus to file ADT-3 is on the resigning auditor and any contravention is punishable with monetary fine which could be minimum Rs. 50,000 and maximum Rs. 5 lakh.