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Every Company shall appoint an individual or a firm as an auditor in first Board Meeting held within 30 days from the date of Incorporation to hold office till the conclusion of first AGM of the Company.
Further when the first AGM of the Company is held then the auditor can be appointed for a period of 5 years till th conclusin of sixth AGM. Before such appointment a written consent of the auditor to such appointment and a certificate from him or it that the appointment is as per the terms of the Companies Act and satisfies the criteria provided in section 141. The Form ADT 1 is required to be filed with MCA within 15 days from the dateof appointment of auditor.

Whats Your Advantage

    • Every Company is required to appoint Statutory within 30 days from the date of Incorporation to hold office till the first AGM

Whats the Process

  • 1
    Identification of the Auditor

    The Firm or the Individual which is required to be appointed as the Auditor is required to be identified.

  • 2
    Consent from Auditor

    The Company circulates the letter to the Auditor for receiving the letter of consent to be appointed as Auditor.

  • 3
    Documentation

    Preparation of documents for appointment of Auditor as required to filing.

  • 4
    Filing of Form

    Form ADT 1 for appointment of Auditor is required to be filed within 15 days of passing resolution.

What We Deliver

    • NA

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LITE

1499

  • Appointment of Statutory Auditor in Company with Less than 25 Lakh in Turnover (Including Govt fee)

Basic

2499

  • Appointment of Statutory Auditor in Company with Less than 50 Lakh in Turnover (Including Govt fee)

Pro

3999

  • Appointment of Statutory Auditor in Company with Less than 1 Crore in Turnover (Including Govt fee)

Answer to the Question Why us?

  • In-House
    Experienced
    Professionals
  • Compliance
    Tracking and
    Reminders
  • Regular
    Customer
    Education
  • Stellar
    Support and
    Response

Frequently Asked Questions (FAQ)

A person whi is a chartered accountant or a firm whereof majority of partners practising in India are qualified for appointment in its firm name are eligible to be appointed as the auditor of a company. Where a firm including a limited liability partnership is appointed as an auditor of a company, only the partners who are chartered accountants shall be authorised to act and sign on behalf of the firm.

First Auditor of the Company is appointed either in the first BM which is required to be held within 30 days of incorporation or if appointment in BM could not be possible then in GM within 90 days of incorporation to hold office till the conclusion of the first AGM.
Further at the first annual general meeting an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting is appointed.

  1. a body corporate other than a limited liability partnership registered under the Limited Liability Partnership Act, 2008;
  2. an officer or employee of the company;
  3. a person who is a partner, or who is in the employment, of an officer or employee of the company;
  4. a person who, or his relative or partner is holding any security of or interest in or is indebted to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company, in excess of such amount as may be prescribed; or has given a guarantee or provided any security in connection with the indebtedness of any third person to the company, or its subsidiary, or its holding or associate company or a subsidiary of such holding company, for such amount as may be prescribed;
  5. a person or a firm who, whether directly or indirectly, has business relationship with the company, or its subsidiary, or its holding or associate company or subsidiary of such holding company or associate company of such nature as may be prescribed;
  6. a person whose relative is a director or is in the employment of the company as a director or key managerial personnel;
  7. a person who is in full time employment elsewhere or a person or a partner of a firm holding appointment as its auditor, if such persons or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies
  8. a person who has been convicted by a court of an offence involving fraud and a period of ten years has not elapsed from the date of such conviction;
  9. a person who, directly or indirectly, renders any service referred to in section 144 to the company or its holding company or its subsidiary company.

Yes, In case of casual vacancy the Auditor can be appointed by the Board of Directors within thirty days only if casual vacancy is not a result of the resignation of an auditor or else such appointment shall also be approved by the company at a general meeting convened within three months of the recommendation of the Board and he shall hold the office till the conclusion of the next annual general meeting;

Yes, Auditor may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the Central Government.

Form ADT 1 is required to be filed within 15 days of appointment with attachment:
  1. Consent and certificate from auditor for eligibility and appointment
  2. Board Resolution or General meeting resolution for appointment of auditor
  3. Intimation by the Company for Auditor appointment

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