1)a company incorporated on 10th august 2017 , then whether ADT-1 is required to be filed for the first auditors appointment.
2)whether we can conduct the agm and appoint first auditor for 5 year term .
prerna prakash (CA Job) (51 Points)
06 September 20171)a company incorporated on 10th august 2017 , then whether ADT-1 is required to be filed for the first auditors appointment.
2)whether we can conduct the agm and appoint first auditor for 5 year term .
Rajan Sheth
(25 Points)
Replied 06 September 2017
Gurmeet Singh
(-)
(25 Points)
Replied 06 September 2017
Dear Prerna Prakash,
As per the provision of section 139(6) the first auditor of company (except government company) is to be appointed by board within 30 days of incorporation. Such auditor will hold the office till the conclusion of 1st AGM.
As per the understanding of the above mentioned provision we can conclude that
1. ADT 1 is not required to file with ROC in case of appointment of first auditor.
2. Yes , you can appoint the subsequent auditor for consective five years in the first AGM subject to retification in every AGM and you are also required to file ADT 1 with ROC within 15 days of appointment.
I hope this information is useful for you.
shipra0215 Joshi
(10 Points)
Replied 06 September 2017
Mr Kumar
(Entrepreneur )
(7 Points)
Replied 03 April 2018
Hello There! Please let me know how to appoint a first audtior for an OPC company with one director only and there is no board of directors' meeting to assign an auditor. Thanks.
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