Appointment of Auditors
The first auditor of the company other than a government company shall be appointed by the Board within 30 days of Incorporation. The first auditor shall hold office till the conclusion of 1st Annual General Meeting.
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Subsequently, the company shall appoint and individual or firm as an auditor for a period of upto 5 years. For example, at the first annual general meeting, the company shall appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting.
Get Started
Step 1:
We collect and verify your previous appointment documents and details of current appointment.
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Step 2:
We draft all required documents to be filed along with the returns. A consent from the Auditor needs to be obtained for their appointment.
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Step 3:
We file the Intimation of Appointment in Form ADT-1 with the ROC
Timeline: 2 working days
Rs. 1,999
Purpose of Appointment of Auditors
The purpose of the auditors in the company is to protect the interests of the shareholders. The auditor is obligated by law to examine the accounts maintained by the directors and inform them of the true financial position of the company. Auditor gives his independent opinion to the owners or shareholders of the company to protect and keep the company in a safe financial condition.