All types of companies are required to get their books audited so they have to appoint an auditor for the same. First auditors must be appointed within 30 days of registration of the company, other than the government company, and will continue to hold the position till the conclusion of 1st  AGM. In case BOD doesn’t appoint auditors, shareholders can appoint within 90 days of registration.

Documents required for the appointment of auditors

Consent Letter of the Auditor

Certificate proving his eligibility of Auditor

Resolution

Form ADT-1 to be filed with the Registrar of Companies      (ROC).

Besides the above form, the following information to be provided to the ROC.

Name of the new auditor.

Address of the new auditor.

Email address and PAN number.

A number of years for which the auditor is appointed.

Details of the resigning auditor.

Appointment date of the new auditor.

Procedure for appointment of Auditors

1. A practicing chartered accountant / A practicing chartered accountant firm can only be an auditor of the company.

2. Written consent of the auditor must first be obtained along with a certificate from the Auditor that the appointment, if made, shall be in accordance with the conditions as prescribed by the Auditor and that the Auditor satisfies the criteria provided in Section 141 of the Companies Act, 2013.

3. Pass resolution for the appointment of the auditor and file ADT 1 with 15 days of the appointment.So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram

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