Auditor Appointment
Tanika Shah (10 Points)
28 December 2020
Procedure for appointment of Auditor for newly incorporated company? n wat forms to be filed?
4 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 28 December 2020
company others than government by conducting boards meeting within 30 days of company incorporation
company secretary
(6 Points)
Replied 28 December 2020
Auditor must be appointment within 30 days of the incorporation of the Company.
If not appointed, it can be appointed within 90 days in EGM.
The form to be filed for appointment of the Auditor is Form ADT-1 .
If not appointed, it can be appointed within 90 days in EGM.
The form to be filed for appointment of the Auditor is Form ADT-1 .
Ayush Pandoh
(11 Points)
Replied 29 December 2020
In case of non government company
auditor is to be appointed by board of directors with in 30 days from incorporation if failed then power goes to members and they have to appoint within 90 days
In form no. ADT-1
whereas in case of government company
auditor is to be appointed by comptroller and auditor general of india within 60 days, if failed then power goes to BOD they have to appoint within 30 days,if failed then power goes to members they have to appoint within 60 days
auditor is to be appointed by board of directors with in 30 days from incorporation if failed then power goes to members and they have to appoint within 90 days
In form no. ADT-1
whereas in case of government company
auditor is to be appointed by comptroller and auditor general of india within 60 days, if failed then power goes to BOD they have to appoint within 30 days,if failed then power goes to members they have to appoint within 60 days
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 31 December 2020
ADT1 is not required to be filed for appointment of first auditor by the Board. It is to be filed only after appointment in AGM.
Recent Topics
- GST department monitoring financial transactions U
- Omr wrongly shaded
- RCM applicability if received from registered deal
- GST - bill to ship to
- TDS and GST ITC on Membership fees to club
- ITC on Canteen Services by Outsiders
- STPI/Non-STPI registration
- 6 DIGIT HSN CODE QUERY
- TDS on Telephone charges and Internet charges
- CGT on Policies purchased in LIC International whe
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
