Filing of Form ADT-1, ADT Filing Fees, Filling of Form ADT-1, Due date to File ADT-1, Ebizfiling

Everything you need to know about Filing Form ADT-1

“What is Form ADT-1?”, Documents needed to File Form ADT-1, and Fees structure for Form ADT-1

According to the Companies Act 2013, when a company appoints an auditor, it is required to notify the ROC (Registrar of Company) of the appointment in a defined manner. This is done with Form ADT-1. In this blog there will be detailed information on ADT 1 filing fees, filing of Form ADT-1 MCA (Ministry of Corporate Affairs), the Due date to file ADT 1, and Documents needed to file ADT 1.

 

What is Form ADT-1?

After the AGM (Annual General Meeting), a company must file Form ADT-1 with the registrar of companies to notify him or her of the appointment of an auditor. This is required by Section 139 Companies Act 2013, and this form must be filed every year following the Annual General Meeting (AGM) at which the auditor was appointed.

When should Form ADT 1 MCA File?

Within 15 days of the Annual General Meeting at which the Auditor was appointed or reappointed, the ADT-1 Form must be filed with the Registrar of Companies (ROC). If a firm is newly incorporated, Form ADT-1 must be filed within 15 days of the first board meeting. The first board meeting, at which the board of directors designates the company’s auditor, must be held within 30 days of establishment.

Points to keep in mind at the time of filing Form ADT-1

  • The company is solely responsible to file Form ADT 1, it is not a responsibility of an auditor to file the Form.
  • Whether a company is Listed, Private, Public, Unlisted, or any other Company it is mandatory to file Form ADT 1.
  • If an auditor is appointed as a casual vacancy in a company, then the also company needs to file Form ADT 1.
  • At the time of the First Auditor Appointment, it is not necessary to file Form ADT 1, however, it is recommended to file Form ADT 1.

Documents need to be attached with Form ADT 1

The list of documents that must be attached with Form ADT-1 is as follows

  • The Auditor’s written approval is required for the appointment.
  • The company’s board resolution copy or a resolution passed in AGM (Annual General Meeting) needs to be attached.
  • A certificate from the Auditor stating that she or he or it is not disqualified or ineligible to serve as an Auditor under Section 141.
  • A copy of the company’s disclosure to the auditor.

Suggested Read: All about a Company’s First Auditor and Procedure to Appoint an Auditor

Fee structure for the filing of Form ADT 1

Share capital value of a Business

Amount (INR)

If the share capital value is less than INR 1 Lakh

200

If value is in between INR 1,00,000 to 4,99,999

300

Share Capital value is in between INR 5,00,000 to 24,99,999

400

If a value is in between INR 25,00,000 to 99,99,999

500

If the value is more than INR 1,000,00,00

600

If a company does not have share capital

200

Form ADT 1 MCA E-filing

  • Form ADT 1 can be filed electronically and can be downloaded from the MCA (Ministry of Corporate Affairs).
  • The e-form is approved automatically.
  • On successful registration of the E-form, the Concerned Authority sends an acknowledgment email to the registered email address.

Conclusion

When it comes to the appointment of an auditor in your firm, Form ADT-1 is critical. Companies are required to file these forms within the 15-day period. Except in the case of the first auditor, all types of firms, whether Listed or not, Private or Public, must file Form ADT-1. Every firm must file Form ADT-1 with the Registrar of Companies (ROC) to notify him or her of the Appointment of an Auditor.

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Author: zarana-mehta

Zarana Mehta is an MBA in Finance from Gujarat Technology University. Though having a masters degree in Business Administration, her upbeat and optimistic approach for changes led her to pursue her passion i.e. Creative writing. She is currently working as Content Writer at Ebizfiling.

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