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Query on filling form adt-1

03 October 2015

A Unlisted Limited company had appointed CA in their AGM in Sep'2014 for 3 years and ADT-1 has been filed by them accordingly last year.

Whether they need to file ADT-1 again this year or SRN of last ADT-1 to be captured in AOC-4 this year, kindly advice.

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GOpal Rathnam (CS) (266 Points)
Replied 04 October 2015

Not necessary to file ADT 1 again. the second and sebsequest year, the memebers will confirm or ratify the original appointment for 3 years. I am using the followig resolution:-

“RESOLVED that in terms of the provisions contained in Sections 139 to142 of the Companies Act, 2013 read with the underlying rules viz. Companies (Audit and Auditors) Rules, 2014 and pursuant to ordinary resolution passed by the Members at the Annual General Meeting held during September 2014, the appointment of M/s _____________________Chartered Accountants, statutory auditors of the Company, for a block period of 5 years to hold office till the conclusion of AGM to be held on or before September 2019 be and is hereby ratified to hold office as statutory auditors from the conclusion of this annual general meeting till the conclusion of the next annual general meeting on a remuneration as may be decided by the chairman”.

“FURTHER RESOLVED THAT the chairman is hereby authorized to fix the remuneration of the auditors for audit and other services in consultation with the auditors and release the payment to the Auditors on a progressive billing basis on the basis of the schedule of work to be agreed between the auditors and the company.”

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