New adt.1 applicable from today

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)

20 October 2014

MCA introduces new eForm ADT-1 regarding Information to the Registrar by Company for appointment of Auditor

New features/ Options of e-form ADT-1 introduced by Ministry today itself

- Company to provide whether company is falling under any class of Companies as per Section 139(2).

- Whether Joint Auditors have been appointed - Provide Whether joint auditors have been appointed. If yes is selected then provide the value for Number of auditor(s) appointed shall be greater than 1.

- Period of account for which appointed - Please mention the “From” and “To” date for the period for which auditor is appointed.

- Number of financial year(s) to which appointment relates - Please provide the Number of financial year(s) to which appointment relates.

- Whether the appointment of auditor is within the limits of twenty companies as specified in sub section 3(g) of section 141 - Please provide Whether the appointment of auditor is within the limits of twenty companies.

- Specify the tenure of previous appointment(s) of the auditor or auditor’s firm or its member in the same company in which audit was conducted or is functioning (excluding previous years having break of five or more years as specified in Rule 6)

- Please provide the tenure of previous appointment(s) of the auditor or auditor’s firm or its member in the same company in which audit was conducted or is functioning in number of financial year(s). Please provide details as Person appointed as auditor, financial start date and financial end date of his tenure

MANDATORY ATTACHMENTS:

+ Copy of the intimation sent by company

+ Copy of written consent given by auditor;

+ Copy of resolution passed by the company;

Important note to the eForm ADT-1:

- Help kit to the form provides that it will be auto approved under Straight Through Processing (STP) mode.

- Now it’s mandatory for the companies to attach the above mentioned documents with e-form ADT-1.

- Its mandatory to mention Number of financial year(s) to which appointment relate.

Time limit(days) for filing: Within 15 days from the approval by shareholders.

Fee for filing e-Forms or documents in case of company have share capital

If Capital is less than Rs. 1,00,000 or Company not having share capital - Rs. 200 per form

If Capital is between Rs. 1,00,000 to Rs. 4,99,999 - Rs. 300 per form