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ADT - 1

Bhaskar Marathi (86 Points)

18 March 2019

what if ADT 1 is not filed when appoint the auditor.. now what is the solution. pls tell me

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CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 18 March 2019

Hello Bhaskar,

You have to file ADT-1 in any case, as when you go for annual filing AOC-4 & MGT-7 ask for the SRN of ADT-1 & without it you can't file the same also.

For any other query, feel free to email us at info @ genuinefilings.com

Thanks

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Bhaskar Marathi (86 Points)
Replied 18 March 2019

first auditor appointment I didn't file the ADT 1. now I have not file on time. what is the penalty

CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 19 March 2019

ADT-1 is not applicable for appointment of first Auditor, as first Auditor is appointed by Board and not by Members

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Bhaskar Marathi (86 Points)
Replied 27 March 2019

in first AGM they appoint the auditor but they didn't file the ADT 1, however they are filling AOC 4 and MGT 7 every year. now 4 years completed. my question is now I need to file ADT 1 or can I file after next AGM after appointment of auditor.. pls clarify me..

CA Ankit Garg (MD | Genuine Filings) (781 Points)
Replied 27 March 2019

See, for example, if you incorporate a company in May-14 then no need to file ADT-1 for the year ended 31-03-2015, now after that it is compulsory to appoint Auditor only in general meeting, accordingly from FY 2015-16 auditor will only be appointed in GM & in this case GM will appoint Auditor first time on 30-09-2015 (i.e First AGM) and within 15days company was required to file ADT-1, since you have not filed ADT-1 within due date, it is advisable to file ADT-1 with 12times late filings fee for the period of 5years from 01-04-2015 to 31-03-2020

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