In India, businesses must submit the ADT-1 form to the Ministry of Corporate Affairs (MCA) in order to employ an auditor. Except for those that are exempt, all companies are obligated under Section 139 of the Companies Act, 2013 to designate an auditor and notify the Registrar of Companies (ROC) of the appointment within 15 days. This filing helps to preserve financial reporting openness and guarantees compliance to legal standards. Together with all needed attachments and the specified cost, the form must be submitted online via the MCA portal.
Information including the company’s name and address, the auditor’s name, membership number, business registration number, and length of appointment are all required on the ADT-1 form.
Additionally, a certified copy of the board resolution approving the auditor’s appointment and a consent letter from the auditor confirming their willingness to act must be attached. Failure to file ADT-1 within the specified time frame may result in penalties or compliance issues for the company. This filing is essential for maintaining legal and financial accountability in business operations. Companies should ensure accurate and timely submission to avoid regulatory complications. Engaging a professional, such as a chartered accountant or company secretary, can help streamline the process and ensure compliance with the MCA guidelines.
Before filing Form ADT-1, ensure that the appointment of the auditor has been approved by the board of directors in a board meeting or during the Annual General Meeting (AGM). Prepare a board resolution or a resolution from the AGM that confirms this appointment.
Collect all necessary documents to accompany Form ADT-1, including Auditor's Consent Letter Certificate from Auditor, Intimation to Auditor.
Visit the Ministry of Corporate Affairs (MCA) portal and download Form ADT-1. Fill in the required details, including: Company name and Corporate Identity Number (CIN), Registered office address, Details of the appointed auditor (name, address, PAN, and membership number).
Log in to the MCA portal using your company’s credentials. Navigate to the e-Forms section and select Form ADT-1 for submission. Upload the completed form along with all required documents. After verifying all entries, submit the form electronically.
After submission, pay the applicable filing fees based on your company's authorized share capital. Once the payment is processed, you will receive an acknowledgment from the MCA containing a unique transaction number. Keep this acknowledgment for your records as proof of submission.
Tax expertise involves specialized knowledge in tax law and accounting, helping clients minimize liabilities while ensuring compliance. Tax advisors, including CPAs and attorneys, offer tailored strategies for individuals and businesses to navigate complex tax situations effectively.
Cost efficiency refers to the ability to minimize costs while maximizing output and quality. It involves optimizing resources to achieve the best results without unnecessary expenditures, enabling businesses to enhance profitability and competitiveness.
It's being fully prepared for an audit, ensuring accurate financial records and compliance with relevant standards. It involves maintaining organized documentation, implementing internal controls, and conducting assessments to identify gaps before the audit occurs.
Register Mitra can significantly save time by streamlining processes and providing instant access to services. It simplifies application submissions, offers quick updates, and enhances efficiency in managing tasks, allowing users to focus on core activities.
