Skip to main content

MCA ADT-1 Form: All Documents, Fees and e-Filing Process

Image
By Arpit Kulshrestha
Quick Process to e-File MCA Form ADT-1

It is obligatory for the companies to convey to the Registrar of Companies (ROC) the appointment of the auditor via Form ADT-1 under the Companies Act 2013. For ADT-1, the same article furnishes a complete overview of the filing fees, the filing form procedure with the Ministry of Corporate Affairs (MCA), the last date of submission, and the required documentation needed to file the ADT-1. 

At What Time to File Form ADT-1 with MCA?

Form ADT-1 should get filed with the Registrar of Companies (ROC) within 15 days of the Annual General Meeting (AGM) at which the auditor was appointed or reappointed under the Companies Act 2013. For the companies that are new the time duration is 15 days of the first board meeting which must be conducted within 30 days of the establishment for filing the form.

Facts for Filing Form ADT-1

  • The filing obligation of Form ADT-1 counted with the company and not the auditor. 
  • For every sort of company along with listed, private, public, and unlisted the filing Form ADT-1 is obligatory. 
  • Form ADT-1 should get filed when the auditor would be hired for a casual vacancy in the company.
  • For the first auditor appointment, it does not obligatory to file Form ADT-1, the same would be suggested to perform. 

Necessary Document for Form ADT-1 Filing

The mentioned below are the documents to be attached to Form ADT-1-
  1. For the appointment, the written approval of the auditor. 
  2. Company board resolution copy or a resolution issued in AGM.
  3. Auditor certificate assuring their eligibility and not being disqualified under section 141. 
  4. Company’s disclosure copy to the auditor.

Form ADT-1 with MCA Filing Procedure

The procedure to file Form ADT-1 would be stated as-
  • Get a digital signature certificate (DSC).
  • Get a director identification number (DIN).
  • From the MCA website, Download Form ADT-1
  • Fill in the company’s name, registered office address, and additional needed information. 
  • Furnished the information of the appointed or reappointed auditor along with their name, address, PAN, and membership number.
  • The essential documents must be attached like the board resolution for auditor appointment and the consent letter of the auditor.
  • Validate the form through the DSC of the signing director.
  • Submit the form electronically to the Registrar of Companies (ROC) after verification. 
  • Post submission, pay the fee for Form ADT-1.
  • An acknowledgment shall get sent to the registered email address, on the successful submission and payment of fee. 

Form ADT-1 Filing Fee Structure

As per the share capital value of the company, the structure of the fee for filing Form ADT-1. The fee structure would be stated as-

Structure of the Fee for Filing Form ADT-1

Additional Annual Compliance for Private Limited Companies

Private limited companies in India secure annual compliance needs beyond filing Form ADT-1, these are-
  • Annual General Meeting (AGM): Private limited companies should conduct an AGM within 6 months from the finish of their financial year to present financial statements, appoint/reappoint directors, and declare dividends.
  • Financial Statements: Private limited companies should draft audited financial statements, along with a balance sheet, profit and loss account, cash flow statement, and notes to accounts.
  • Income Tax Returns (ITR): ITR should get filed within the due date i.e. 31st July by the private limited companies whatever the profitability. 
  • Annual Return Filing: The private limited companies should furnish their yearly return including the Registrar of Companies (ROC) within 60 days from the AGM due date, furnishing the information on shareholding, directors, and additional legal details.

Closure 

Form ADT-1 is required for the appointment of an auditor in a corporation and should get filed within the timeframe given. Except for the initial visit, all types of businesses must file Form ADT-1. It is the obligation of the company to filing the form with the ROC return to inform them of the auditor's appointment. Compliance with these conditions guarantees that legal duties and regulatory frameworks are followed.

Comments

Post a Comment

Popular posts from this blog

Why Small Firms Should Consider Gen Payroll Software?

By Arpit Kulshrestha
Businesses in this competitive era would be required to manage the payroll. Payroll software has multiple operations such as paying employees, following tax laws, managing employee benefits, filing important documents, and keeping accurate records. Businesses that manage tasks manually or with spreadsheets can result in inappropriate compliance and issues, wasting time in doing operations. Gen Payroll software arrives to manage payroll with accuracy and resolve the issues that come therein. The merits and demerits of Gen Payroll software are mentioned below. Gen Payroll Software Gen Payroll is a payroll management software made by SAG Infotech . It eases and automates the process of payroll. The software’s features are tracking employee attendance, calculating salaries, ensuring compliance with laws like PF (Provident Fund), ESI (Employee State Insurance), and TDS (Tax Deducted at Source), as well as generating payslips. Businesses, whether small or large, can use this software. ...
2 comments
Read more

How ITR Software Assists Individuals in Filing Tax Returns

By Arpit Kulshrestha
Every assessee's process of income tax return (ITR) filing is significant, as it contributes to Indian's economy. The Income Tax Department has made efforts to facilitate this approach in recent years, but numerous people still see themselves steering a difficult financial system, multiple tax deductions, miscellaneous exemptions, and changing tax laws. This complexity can turn what must be an easy task into a significant challenge. In this context, income tax software evolves into an important partner, presenting a useful variety of accuracy, efficiency, and reassurance. The software enables return filing that permits taxpayers to handle their financial responsibilities when complying with the law. 1. Accurate Tax Calculations An incorrect income tax calculation of taxes could result in messages from the Income Tax Department or missed refunds. The tax software helps in finding taxable income and tax deductions that you may be allowed, like insurance or home loans. The co...
Post a Comment
Read more

A List of Top Chartered Accountant Software in India

By SAG InfoTech Pvt. Ltd.
Here, we introduce Genius as a helpful tax compliance software for chartered accountants in India. As we know, the taxation system is vast, with several taxes levied by the Indian government in the form of income tax, TDS, wealth tax, etc. So, instead of e-filing that many taxes, the need for software arises, which can e-file several taxes at once. SAG Infotech's developer team always gives new updates to the taxation industry. Genius Tax Software It is a complete package with facilities like Gen BAL, Gen IT, Gen CMA, Gen Form Manager, Gen e-TDS and AIR. Also, It provides maintenance aids of the database containing information of clients such as their address and telephone directory, partner’s details and signatory details. With Genius, one can also grow with your business.  Genius is an unlimited tax return filing software for clients in such a way that one can backup, restore data set passwords, etc. While the help option gives a solution for any of your problems. Another fa...
Post a Comment
Read more