ADT-1 is a crucial form required to be filed by companies with the Ministry of Corporate Affairs (MCA) for the appointment of an auditor. At Global Taxman, we guide you through the ADT-1 filing process, ensuring timely and accurate submissions.
What is ADT-1?
ADT-1 is a filing that needs to be done by a company to notify the MCA about the appointment of its auditor. As per the provisions of the Companies Act, 2013, every company must appoint an auditor within 30 days from the date of incorporation and subsequently, at the annual general meeting (AGM) of the company.
Who Needs to File ADT-1?
All companies are required to file ADT-1 after the appointment of an auditor at their AGM.
The filing needs to be done within 15 days from the date of the AGM or the date of appointment of the first auditor (in case of a new company).
The form is filed to inform the MCA about the appointment, reappointment, or removal of auditors.
Deadline for Filing ADT-1
The form must be filed within 15 days of the AGM or within 30 days from the date of incorporation (for first-time auditor appointment).
Failure to file ADT-1 on time can result in penalties and legal consequences.
Step-by-Step Process
Obtain Details: Gather the necessary details about the company and the appointed auditor, such as the auditor's consent, Board Resolution, etc.
Fill ADT-1 Form: Complete the ADT-1 form with the required information, such as the company's details, auditor’s details, and the date of appointment.
Obtain Digital Signature: Ensure that the form is digitally signed by the authorized director or company representative with a valid Digital Signature Certificate (DSC).
File with MCA: Submit the completed ADT-1 form via the Ministry of Corporate Affairs (MCA) portal.
Receive Acknowledgment: After submission, MCA will provide an acknowledgment confirming the successful filing.
Documents Required
Board Resolution for the appointment of the auditor.
Consent from the appointed auditor.
Details of the company and auditor such as address, email, and PAN.
Digital Signature Certificate (DSC) of the authorized signatory.
Penalties for Non-Compliance
If ADT-1 is not filed on time, a penalty of ₹200 per day of delay will be levied.
Continuous failure to file may result in legal action against the company and its officers.
Why Choose Global Taxman?
Timely Filing: We ensure your ADT-1 filing is completed before the deadline, avoiding penalties.
Expert Guidance: Our experienced team will guide you through the entire ADT-1 filing process.
Cost-Effective Services: We offer affordable services with a transparent pricing model.
Complete Support: From document collection to filing the form with MCA, we handle everything for you.
Frequently Asked Questions (FAQs)
Who is required to file ADT-1? All companies, including private, public, and limited companies, must file ADT-1 after appointing an auditor.
What happens if ADT-1 is not filed? Failure to file ADT-1 on time can lead to penalties and legal consequences.
Can the ADT-1 filing be revised? No, ADT-1 cannot be revised once filed, but if any errors are found, the company may be required to file a new form.
Is ADT-1 applicable to all companies? Yes, all companies must file ADT-1 to inform the MCA about the appointment of an auditor.
