Appointment of an Auditor 1 (Form ADT-1)

In India, the appointment of an auditor for a company is governed by the Companies Act, 2013. The process of appointment of an auditor involves filing of Form ADT-1 with the Registrar of Companies (RoC) within 15 days of the appointment.

Here are the steps involved in filing Form ADT-1 for appointment of an auditor:

1. Hold a board meeting: A board meeting should be held to approve the appointment of the auditor and fix their remuneration.

2. Intimation to Auditor: The auditor should be informed in writing about their appointment and they should provide their consent in writing.

3. Filing of Form ADT-1: The company should file Form ADT-1 with the RoC within 15 days of the appointment of the auditor. The form should be digitally signed by a director or company secretary of the company and should include the following details:

• Corporate identity number (CIN) of the company

• Name and address of the company

• Name and address of the auditor

• Date of appointment of the auditor

• Term of appointment

• Remuneration of the auditor

4. Payment of fees: The company should pay the requisite fees for filing Form ADT-1. The fees are based on the authorised share capital of the company.

5. Acknowledgement: Once the Form ADT-1 is filed, the RoC will issue an acknowledgement of the filing.

In summary, Form ADT-1 is a mandatory form that needs to be filed with the RoC within 15 days of the appointment of an auditor for a company. The form includes details of the company, auditor, appointment date, term, and remuneration. It is important to follow the process carefully to ensure compliance with the Companies Act, 2013.