Dhanvitt
Overview of Auditor Changes
Companies are required to appoint an auditor at the time of incorporation and may later need to change auditors due to various reasons like resignation, removal, or the appointment of a new auditor. Dhanvitt provides comprehensive assistance for all steps involved in auditor changes, including regulatory filings with the Ministry of Corporate Affairs (MCA).
Auditor Appointment Process
As per the Companies Act, every company is required to appoint an auditor at its first Annual General Meeting (AGM) to hold office until the conclusion of the sixth AGM. We assist with preparing and filing the necessary documents to ensure the smooth appointment of auditors.
Auditor Resignation Process
If an auditor resigns before the completion of their tenure, they must file Form ADT-3 with the MCA, along with a reason for their resignation. We guide companies through this process to ensure compliance with MCA requirements and avoid penalties for non-compliance.
Filing Form ADT-1 for Auditor Appointment
Once a company appoints an auditor, it must file Form ADT-1 with the MCA within 15 days of the appointment. We assist with preparing and submitting Form ADT-1 accurately to ensure timely compliance.
Why Choose Dhanvitt for Auditor Changes?
- Complete Guidance: We provide step-by-step assistance for both auditor appointments and resignations, ensuring all legal formalities are met.
- Timely Filings: We ensure that all required forms like ADT-1 and ADT-3 are filed on time to avoid penalties.
- Expert Consultation: Our team of professionals has in-depth knowledge of the MCA regulations governing auditor changes, ensuring seamless transitions.
- Affordable Services: We offer cost-effective solutions to meet your company's compliance requirements.
Documents Required for Auditor Change
To ensure a smooth process for auditor appointments or resignations, the following documents are typically required:
- Board Resolution or Shareholder Resolution approving the auditor change
- Consent letter from the incoming auditor
- Notice of resignation from the outgoing auditor (if applicable)
- Copy of Form ADT-1 for auditor appointment
- Copy of Form ADT-3 for auditor resignation