ADT-1 is a form prescribed under the Companies Act, 2013, used for intimating the appointment of an auditor by a company to the Registrar of Companies (RoC) in India. This form is filed by the company within 15 days of the appointment of an auditor at its Annual General Meeting (AGM).
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Key points regarding ADT-1:
Appointment of Auditor: The form ADT-1 is used to inform the RoC about the appointment of the company's auditor for the upcoming financial year.
Auditor's Consent: Before filing ADT-1, the company must obtain the
consent of the auditor being appointed. The auditor must provide their consent
in writing, acknowledging their appointment.
Filing Deadline: The form must be filed within 15 days from the date
of the AGM at which the auditor is appointed.
Information Required: ADT-1 typically requires details such as the name and
address of the auditor, the date of the AGM at which the auditor was appointed,
and details of the resolution passed for the appointment.
Penalty for Non-Compliance: Failure to file ADT-1 within the prescribed timeline
can result in penalties for the company and its officers. Additionally, the
company may face restrictions on certain transactions until the form is filed.
Overall,
filing ADT-1 is a crucial compliance requirement for companies in India,
ensuring transparency and regulatory compliance in the appointment of auditors.
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