Form ADT-1

What is Form ADT-1?

Form ADT-1 is a document that companies in India must file with the Ministry of Corporate Affairs (MCA) within 15 days of appointing an auditor. The form is used to provide information about the auditor and their appointment.

Purpose of Form ADT-1

The purpose of Form ADT-1 is to ensure that the appointment of auditors is transparent and compliant with the Companies Act, 2013. The form provides details about the auditor's appointment, such as their name, address, and qualifications. It also includes information about the company, such as its name, registered office address, and CIN (Corporate Identity Number).

Eligibility Criteria for Filing

All companies registered in India, including private limited companies, public limited companies, and one-person companies, are required to file Form ADT-1 when appointing an auditor. The form must be filed within 15 days of the auditor's appointment.

Required Documents

The following documents are required to file Form ADT-1:

Auditor's consent to the appointment
Board resolution approving the appointment of the auditor
Letter of appointment issued by the company to the auditor
Auditor's certificate regarding compliance with the eligibility criteria as per the Companies Act, 2013

In conclusion, Form ADT-1 is an important document that companies in India must file to ensure compliance with the Companies Act, 2013. By providing information about the auditor's appointment, the form helps to ensure transparency and accountability in the appointment process.

Form ADT-1 Submission Process

Form ADT-1 is a form that must be submitted by companies to appoint an auditor. The submission process for Form ADT-1 is straightforward and can be completed online. This section provides an overview of the filing procedure, fees and payment, and acknowledgment and receipt process.

Filing Procedure

To file Form ADT-1, the company must follow the steps below:

Visit the Ministry of Corporate Affairs (MCA) website.
Log in to the MCA portal using the company's credentials.
Click on the "e-forms" tab and select "Form ADT-1."
Fill in the form with the required details, such as the auditor's name and address, and attach the necessary documents.
Once the form is complete, submit it online.

Fees and Payment

The fee for filing Form ADT-1 is based on the company's authorized share capital. The fee structure is as follows:

For companies with authorized share capital up to Rs. 25 lakhs, the fee is Rs. 200.
For companies with authorized share capital between Rs. 25 lakhs and Rs. 5 crores, the fee is Rs. 300.
For companies with authorized share capital above Rs. 5 crores, the fee is Rs. 400.
The fee can be paid online using a credit or debit card or through net banking.

Acknowledgment and Receipt

Once the Form ADT-1 is submitted, the company will receive an acknowledgment from the MCA. The acknowledgment will contain a unique transaction number and the date of submission. The company should keep this acknowledgment safe as it serves as proof of submission.

In conclusion, the submission process for Form ADT-1 is a simple and straightforward process that can be completed online. Companies must ensure that they fill in the form correctly and attach the necessary documents to avoid any delays in the appointment of an auditor.