Appointment of Auditor (ADT-1)
Your trusted partner for statutory audit compliance — ensuring proper appointment, documentation, and MCA filings under corporate law framework.
Overview
Under the Companies Act, 2013, every company in India is mandated to appoint an independent Statutory Auditor to audit its financial statements. The 'First Auditor' must be appointed by the Board of Directors within 30 days of incorporation. Subsequently, auditors are appointed or re-appointed at the Annual General Meeting (AGM) for a term of five years.
Filing Form ADT-1 with the Registrar of Companies (RoC) is the official way to inform the government of this appointment. The auditor must be a practicing Chartered Accountant (CA) or a CA firm. Bizmint ensures that the entire appointment lifecycle — from obtaining the auditor's consent and eligibility certificate to drafting board resolutions and completing MCA filings — is handled with 100% compliance.
Key Benefits
Statutory Compliance
Fulfill a core requirement of the Companies Act, ensuring your company remains in 'Active' standing with the MCA.
Financial Transparency
An independent auditor provides an unbiased view of your finances, enhancing trust among shareholders and banks.
Audit Preparedness
Timely appointment ensures that your year-end audits are conducted professionally, leading to accurate tax and ROC filings.
Investor Confidence
Properly appointed auditors from reputable firms siginificantly boost your company's credibility during funding rounds.
Penalty Avoidance
Prevent the daily late fees and legal consequences associated with the non-appointment or late filing of ADT-1.
Legal Representation
Auditors serve as authorized representatives for your company in various regulatory and tax-related matters.
Eligibility Requirements
Ensure your business meets these basic criteria for a smooth registration process.
Expert Tip
Having all directors present in India is not mandatory, but at least one director must be a resident of India (stayed in India for 182+ days).
Documents Required
Keep these documents ready to fast-track your application.
Corporate Proofs
- Certificate of Incorporation (COI)
- Memorandum & Articles of Association
- Last Filed Annual Return (if applicable)
Auditor Records
- Auditor's Written Consent Letter
- Eligibility Certificate (Sec 141)
- ICAI Firm Registration Number (FRN)
Authorizations
- Board Resolution for Appointment
- Digital Signature (DSC) of a Director
- Intimation Letter sent to the Auditor
Registration Process
Our seamless digital-first approach ensures completion in the fastest possible time.
Auditor Selection
Identifying an eligible Chartered Accountant or CA Firm based on your company's size and industry.
Consent & Eligibility
Obtaining the mandatory written consent and Section 141 eligibility certificate from the proposed auditor.
Board Meeting
Convening a board meeting to pass the formal resolution for the appointment of the First/Subsequent Auditor.
Letter of Intimation
Issuing a formal appointment letter to the auditor and obtaining their acknowledgment of the same.
Form ADT-1 Drafting
Preparing the e-Form ADT-1 with the required attachments, including the board resolution and consent letter.
MCA Filing
Submitting the form on the MCA portal within 15 days of the board meeting or AGM.
Confirmation tracking
Monitoring the SRN status on the MCA portal until the appointment is officially recorded.
Statutory Update
Updating the 'Register of Directors and Key Managerial Personnel' with the auditor's details.
Mandatory Compliance
Staying compliant is crucial for your company's good standing. Non-compliance may lead to penalties and director disqualification.
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FAQs
Common questions about Appointment of Auditor (ADT-1)
Appoint Your Auditor Today
Ensure 100% compliance with the Companies Act by appointing your statutory auditor professionally with Bizmint LLP.