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THINGS TO KNOW BEFORE YOU REGISTER-
CHANGE IN STATUTORY AUDITOR OF THE COMPANY

INTRODUCTION:

  • The Auditor is appointed in the companies under section 139 of the Companies Act, 2013. If an auditor wants to resign from his post, he must intimate the registrar of the companies(ROC) in the prescribed form and manner. The intimation shall be given within 30 days from the date of resignation with a statement. In this case, company is required to appoint another Statutory Auditor of the Company, and for the same various documentations are required.

Documents/Information Required:-

  • 1.  Name of the new auditor firm.
    2. Address of the new auditor firm.
    3. Email address and PAN number.
    4. Number of years for which the firm is appointed.
    5. Information of the resigning auditor firm.
    6. Date of appointment of the new auditor firm.
    7. Digitally signed Form ADT 1 (with signature of the director of the company).
    The ADT-1 form shall be filed within 30 days from the date of the appointment of the new auditing firm. 

Procedure:-

  • 1. First of all, the existing auditor has to submit the resignation letter and Form ADT3 to the company.
    2.  A board of meeting shall be organized with all the directors for effecting the resignation.
    3. The company shall obtain a consent letter from the new auditor firm under section  139 and 141, Companies Act 2013.
    4. A board of meeting shall be called. All the members of the company shall be called in the meeting for filling the vacancy of the auditor.
    5. The proposed Auditor/Auditors’ Firm is to be appointed in such meeting held.
    6. Intimate the Appointed auditor/ Auditors’ firm regarding the date of appointment.
    File the form ADT-1 for the appointment of the new auditor.

FAQs:-

Yes, at every type of appointment i.e first auditor, casual vacancy or appointment at AGM,the Company shall file ADT-1 for such appointment.

Yes, at every type of appointment i.e first auditor, casual vacancy or appointment at AGM,the Company shall file ADT-1 for such appointment.

Category of Auditor Individual/ Firm:
Income Tax PAN of auditor or auditor’s firm
Name of the auditor or auditor’s firm
Membership Number of auditor or auditor’s firm’s registration number
Address of the auditor or auditor’s firm
City and State
Pin code
Email id of the auditor or auditor’s firm
2. Reasons for resignation
3. Any other facts relevant to the resignation

Death of Auditor. Disqualification of Auditor under section-141. Resignation by Auditor. Non-ratification of auditor. Any other reason.

No, Auditor Can’t be removed by Board of Directors of Company.

Resignation of Auditor create Casual Vacancy, As per Section 139(8): Casual Vacancy arise due to resignation of Auditor shall be recommend by Board of Directors in the Board Meeting within 30 days of Resignation and required approval of Members with in 3 month from the date of Board Meeting.

APPLY For Change in Statutory Auditor of the Company