Procedure for appointment of First Auditors and Subsequent Auditors under the Companies Act, 2013 of  Government Company and for Companies other than Government Company.

COMPANY OTHER THAN GOVERNMENT COMPANY
FIRST AUDITOR SUBSEQUENT AUDITOR
First auditor shall be appointed by the Board within 30 days of incorporation; Board Resolution for recommending appointment of auditor in the AGM;
If the Board fails to appoint, then members shall appoint first auditor in general meeting within 90 days of incorporation; Ordinary resolution for appointment at AGM by the shareholders;
First auditor will hold office till the conclusion of the first AGM; Such appointment shall be for a period of 5 years;
E-form ADT-1 shall be filed within 15 days of appointment;

[In case of Specified IFSC Public and Private Company, the intimation shall be filed within 30 days.]

  • E-form ADT-1 shall be filed within 15 days of appointment;

[In case of Specified IFSC Public and Private Company, the intimation shall be filed within 30 days.]

Intimation to the auditor for his appointment by the company within 15 days of appointment. Intimation to the auditor for his appointment by the company within 15 days of appointment.

Procedure for appointment of Auditors under the Companies Act, 2013

GOVERNMENT COMPANY
FIRST AUDITOR SUBSEQUENT AUDITOR
  • Appointment Letter from C&AG within 60 days from the date of incorporation;
  • Appointment Letter from C&AG within 180 days from the commencement of financial year;
  • In case, C&AG fails to appoint first auditor, then Board shall appoint by a passing a board resolution within next 30 days;
  • E-form ADT-1 shall be filed within 15 days of appointment;

[In case of Specified IFSC Public and Private Company, the intimation shall be filed within 30 days.]

  • In case, even board fails to appoint within 90 days of incorporation, members shall appoint within next 60 days in an EOGM by passing ordinary resolution;
  • The auditor shall hold the office till the conclusion of AGM.
  • E-form ADT-1 shall be filed within 15 days of appointment;

[In case of Specified IFSC Public and Private Company, the intimation shall be filed within 30 days.]

  • Intimation to the auditor for his appointment by the company within 15 days of appointment.
  • First auditor shall hold office till the conclusion of first AGM;
  • Intimation to the auditor for his appointment by the company within 15 days of appointment.

Author Bio

Qualification: CS
Company: Mohit Patel & Associates, Company Secretaries
Location: Mumbai, Maharashtra, India
Member Since: 29 Jul 2019 | Total Posts: 24
Mr. Mohit Patel who is an Associate Member of the Institute of Company Secretaries of India and Registered Trademark Agent and has done his graduation in commerce from Mumbai University. He has been known for his analytical, unique thought process even in pre-qualification stage. He is known for his View Full Profile

My Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Whatsapp

taxguru on whatsapp WHATSAPP GROUP LINK

Join Taxguru Group on Telegram

taxguru on telegram TELEGRAM GROUP LINK

More Under Company Law

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031