File Tax Returns
File Tax Returns
A company needs to inform the registrar of companies (ROC) about the appointment of its auditor after the conclusion of AGM (annual general meeting) in a defined manner. Form ADT-1 is to be used here.
Form ADT- 1 is used by a company to intimate the registrar of companies about the appointment of an auditor after the completion of its annual general meeting (AGM).
Sec 139 (1) of the new Companies Act 2013 mandates this and this form has to be filed every year after the AGM in which the auditor was appointed.
Details like the category of auditor (firm or an individual practitioner), PAN number of the auditor, Chartered Accountancy membership number, Address, Email-id, the period for which appointment is made, date of appointment along with the date of AGM, membership number of vacated auditor, date and reason of casual vacancy if any etc.
Form ADT-1 must be filed with the registrar of companies within 15 days from the date of appointment of the Auditor.
For example, if the company’s AGM was held on 30 September 2018, then Form ADT 1 has to be filed by 15 October 2018.
The list of documents to be attached along with Form ADT-1 are:
The fees for filing Form ADT 1 with the registrar of companies are:
|Sl.No||Share Capital Value of the Company||Fee in (Rupees)|
|1||Less than 1,00,000||200|
|2||1,00,000 to 4,99,999||300|
|3||5,00,000 to 24,99,999||400|
|4||25,00,000 to 99,99,999||500|
|5||1,00,00,00 or more||600|
|6||Company not having share capital||200|
Late filing of Form ADT 1 will attract these penalty fees specified below:
|Sl.No||Delay in Filing (No of days)||Penalty|
|1||Up-to 30||2 times of Normal Fees|
|2||More than 30 to 60||4 times of Normal Fees|
|3||More than 60 to 90||6 times of Normal Fees|
|4||More than 90 to 180||10 times of Normal Fees|
|5||More than 180||12 times of Normal Fees|
In February 2018, MCA amended Companies (Audit and Auditors) Rules, 2014 in which they substituted Form ADT 1 and Form ADT-2 with new forms. Thereby, the new Form ADT 1 is available in the MCA website for the current year. You can view these forms here.