Form ADT-1

What Exactly is Form ADT-1?

Form ADT-1 serves as the official document utilized by companies to inform the Registrar of Companies about the appointment of an auditor subsequent to the completion of their Annual General Meeting (AGM). It is a statutory requirement outlined in Section 139(1) of the Companies Act 2013, stipulating the filing of this form each year following the AGM wherein the auditor was appointed.

Key Details to Provide

When submitting Form ADT-1, companies are required to furnish essential details pertaining to the auditor’s appointment. These include specifying whether the auditor is a firm or an individual practitioner, providing the auditor’s PAN number, Chartered Accountancy membership number, address, email ID, the tenure of the appointment, appointment date along with the AGM date, membership number of the vacated auditor (if applicable), as well as the date and reason for any casual vacancy.

Timely Filing is Paramount

Ensuring compliance, Form ADT-1 must be filed with the Registrar of Companies within 15 days from the date of the auditor’s appointment. For instance, if an AGM took place on September 30, 2018, Form ADT-1 should be submitted by October 15, 2018.

Required Attachments

Alongside Form ADT-1, certain documents need to be attached, including a copy of the company’s Board resolution, written consent from the appointed auditor, and a certificate from the auditor affirming their eligibility for appointment.

Understanding the Fee Structure

The filing of Form ADT-1 incurs a fee, which varies based on the company’s share capital value. Penalties for Late Filing: Failure to file Form ADT-1 within the stipulated timeframe attracts penalties, escalating with the duration of delay.

Crucial Points to Keep in Mind

Several important considerations surround the filing of Form ADT-1: