New features of e-form ADT-1 related to Auditors Appointment

By | October 21, 2014
New e-Form ADT-1
New features/ Options of e-form ADT-1 introduced by Ministry today (20.10.2014) itself
Provide whether company is falling under any class of Companies as per Section 139(2).
Whether Joint Auditors have been appointed – Provide Whether joint auditors have been appointed. If yes is selected then provide the value for Number of auditor(s) appointed shall be greater than 1.
Period of account for which appointed – Please mention the “From” and “To” date for the period for which auditor is appointed.
Number of financial year(s) to which appointment relates – Please provide the Number of financial year(s) to which appointment relates.
Whether the appointment of auditor is within the limits of twenty companies as specified in sub section 3(g) of section 141 – Please provide Whether the appointment of auditor is within the limits of twenty companies.
Specify the tenure of previous appointment(s) of the auditor or auditor’s firm or its member in the same company in which audit was conducted or is functioning (excluding previous years having break of five or more years as specified in Rule 6) – Please provide the tenure of previous appointment(s) of the auditor or auditor’s firm or its member in the same company in which audit was conducted or is functioning in number of financial year(s). Please provide details as Person appointed as auditor, financial start date and financial end date of his tenure
7. Manadatory Attachments:
Copy of the intimation sent by company
Copy of written consent given by auditor;
Copy of resolution passed by the company;
NOTE:
The e-Form will be auto approved (STP).
Now it’s mandatory for the companies to attach the above mentioned documents with e-form ADT-1.
Its mandatory to mention Number of financial year(s) to which appointment relate.
Category: Law

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