is Company need to File ADT-1every year even though appointment for 5 years ?
6 Replies
Shubham Bansal
(Student CA)
(62 Points)
Replied 08 October 2015
No a company doesn't need to file ADT-1 every year.
It need to file only when first time an auditor is appointed for a period of 5 year or 10 year.
And also every year, member ratify the appointment not appoint once again.
Further, in form there is option for number of years auditor appointed.
So, in considering above i guess there is no requirement to file every year.
SANDIP
(ARTICLE ASSISTANT)
(213 Points)
Replied 08 October 2015
ok thanks for reply
do u have any clarification on the same
Shubham Bansal
(Student CA)
(62 Points)
Replied 08 October 2015
I asked the same from a CS.
and i guess above reasons are truely justified for not filing every year.
SANDIP
(ARTICLE ASSISTANT)
(213 Points)
Replied 08 October 2015
so according to your cs also adt -1 should not be filled every year
Shubham Bansal
(Student CA)
(62 Points)
Replied 08 October 2015
yes...!!!
It doesn't need to file every year.
Deepika
(CA Aspirant)
(298 Points)
Replied 08 October 2015
| Originally posted by : Shubham Bansal | ||
 |
No a company doesn't need to file ADT-1 every year. It need to file only when first time an auditor is appointed for a period of 5 year or 10 year. And also every year, member ratify the appointment not appoint once again. Further, in form there is option for number of years auditor appointed. So, in considering above i guess there is no requirement to file every year. |
|
Even to those companies to which Rotation of Auditors is not applicable?
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