ADT-1 Filing
Seamless ADT-1 Filing with OSBS Accounting Solutions Private Limited
ADT-1 Filing is a mandatory compliance requirement for companies in India under the Companies Act, 2013. It refers to the form used for the appointment of a company’s auditor and the filing of the necessary details with the Ministry of Corporate Affairs (MCA). The ADT-1 filing must be done within 15 days from the appointment of the auditor, ensuring timely compliance.
Why is ADT-1 Filing Important?
Legal Compliance: Filing ADT-1 is a legal requirement that ensures the company complies with the regulations of the Companies Act, 2013.
Appointment Confirmation: ADT-1 confirms the appointment of the company's auditor and helps in maintaining transparency in the financial reporting.
Preventing Penalties: Failure to file ADT-1 can lead to penalties and legal issues, affecting the company’s reputation and operations.
When to File ADT-1?
First Auditor Appointment: ADT-1 must be filed within 15 days of the first auditor's appointment in the company.
Subsequent Appointments: If the company appoints or reappoints an auditor at its Annual General Meeting (AGM), the form should be filed within 15 days.
Vacancy Filling: If there is a vacancy in the office of the auditor, the company must file ADT-1 to inform the MCA about the appointment of a new auditor.
What Information is Required for ADT-1 Filing?
Details of the Auditor: This includes the name, address, and membership number of the appointed auditor.
Appointment Date: The date on which the auditor was appointed by the board or at the AGM.
Company Details: The company’s CIN (Corporate Identification Number), name, and registered office address.
Approval from the Board: The resolution passed by the board of directors for the appointment of the auditor.
Steps Involved in ADT-1 Filing
Board Meeting: A board meeting should be convened to appoint the auditor.
Pass a Resolution: The appointment must be formalized through a Board Resolution or AGM Resolution.
Form Preparation: The necessary details are filled in Form ADT-1.
Sign the Form: The form must be signed by the company’s director or company secretary.
File with MCA: Submit the signed form along with the relevant documents to the Ministry of Corporate Affairs (MCA) via the MCA portal.
Documents Required for ADT-1 Filing
Board/AGM Resolution: A certified copy of the resolution passed for the appointment of the auditor.
Auditor’s Consent Letter: A letter from the auditor confirming their consent to act as the company’s auditor.
Director’s Approval: A copy of the director’s consent or approval for filing the form.
Consequences of Delayed or Non-filing of ADT-1
Penalty for Late Filing: If the form is filed after the 15-day period, a penalty may be imposed.
Non-compliance Risk: Non-filing can result in legal complications, affecting the company’s ability to operate smoothly.
Audit Issues: Without proper filing, the auditor’s appointment may not be legally recognized, leading to complications in the audit process.
Why Choose OSBS Accounting Solutions for ADT-1 Filing?
Expert Guidance: Our team ensures that the ADT-1 filing is done correctly, maintaining compliance with the Companies Act, 2013.
Timely Filing: We handle the filing process efficiently to ensure that the company complies with the 15-day deadline.
Hassle-Free Process: We take care of all the necessary documentation and submission to make the process smooth for you.
Transparency: We provide full transparency in every step of the filing process, ensuring clarity and peace of mind for our clients.
Contact OSBS Accounting Solutions for Efficient and Timely ADT-1 Filing!
