Under the Companies Act, 2013, every company is required to appoint a statutory auditor who reviews and audits the financial records of the business. Whether you’re appointing a new auditor or an existing auditor is resigning, it’s crucial to follow the correct legal procedures and file necessary forms like ADT-1 and MGT-14 (in specific cases).
At BOSHEET, we provide end-to-end support in complying with all auditor-related filings, ensuring your company remains legally compliant.
- First Auditor within 30 days of incorporation
- Reappointment after every 5-year term
- Resignation by Auditor before term ends
- Casual Vacancy due to resignation or removal
Auditor Appointment Process
1️⃣ Board Meeting – Pass a resolution for appointment
2️⃣ Shareholder Approval – Required in some cases
3️⃣ Filing ADT-1 – With MCA within 15 days of appointment
4️⃣ Update Auditor Details in records
Auditor Resignation Process
1️⃣ Resignation Letter from Auditor
2️⃣ Board Meeting – Take note and approve
3️⃣ Filing ADT-3 – By auditor within 30 days
4️⃣ Filing MGT-14 – In case of special resolutions