Appointment of Auditor
Appointment of Auditor
Every company must appoint a statutory auditor within 30 days of incorporation. This isn’t just a formality. The auditor becomes your company’s official verifier for financial statements and compliance. If you miss the deadline, the power to appoint shifts to the shareholders, and penalties start piling up.
We handle the entire process so your company stays compliant from day one.
What we do
Guide you on the right auditor or audit firm
Prepare the board resolution for appointment
Draft the consent letter and necessary declarations
File ADT-1 with MCA
Track approval and maintain compliance records
Why this matters
The statutory auditor safeguards the credibility of your financial reporting. Delayed or incorrect filings can attract penalties and even lead to non-compliance flags with the ROC.
Frequently Asked Questions
It’s the mandatory process where a company formally appoints a statutory auditor through the board/shareholders and files ADT-1 with the MCA.
Yes. Every company, regardless of size or turnover, must appoint its first auditor within 30 days of incorporation.
It’s the e-form filed with the MCA to officially record the auditor’s appointment.
Consent letter from the auditor, eligibility certificate, board resolution, and basic company details.
The appointment must then be made by shareholders within 90 days. Penalties apply if ADT-1 isn’t filed on time.