Our 3 Step Simple Process

Engagement & Consultation

Information Collection & Documentation

Preparation of Required documents

Important Information

Removal of Auditor:

This requires an issue of Special Notice by the Company allowing the Auditor to make his representation to the shareholders of the Company.If the auditor makes a representation in writing to the company and requests for its notification to the members, the company shall see that the representation is duly circulated and/ or read out in the General Meeting, if so requested.

Resignation of Auditor:

The onus to file a statement containing relevant facts and reasons for resignation is on the resigning auditor and any contravention is punishable with monetary fine which could be minimum Rs. 50,000 and maximum Rs. 2 lakh.

Removal by NCLT:

Where the auditor, whether individual or firm, against whom the final order as aforementioned is passed by the NCLT under this section, he shall not be eligible to be appointed as an auditor of any company for a period of 5 years from the date of passing of such order. Further, the auditor shall also be liable for action under Section 447 which provides for punishments for frauds.

Information Required for filing ADT-2

  • Details of the application clearly indicating the grounds for seeking removal of Auditor
  • Details of any criminal proceedings if pending against the company and its officers.
  • Date of appointment of the auditor or auditor’s firm.
  • Whether the accounts have been qualified during last three years
  • Approved SRN of form 23B/ ADT-1/GNL-2 originally filed for appointing such auditor with original term of appointment of the concerned auditor.
  • Date of resignation of the auditor or auditor’s firm.
  • Details like how and when was the opportunity of being heard given to the auditor before filing this application for removal.
  • Details relating to Financial year end date and the stage of accounts at which the same is pending along with details of their completion, approval given by board of directors, submission to auditors for their audit and the status of audit so conducted (if any).
  • Reasons for resignation and if there are any other facts relevant to the resignation

What all you get

Standard Package

4,500

all inclusive fees

  • Drafting of resolution(s) for taking note of Resignation of Auditor and Appointment of Auditor in casual vacancy so created
Add to Cart
Premium Package

12,500

all inclusive fees

  • Drafting of resolution(s) for Removal of auditor
  • General Meeting Notice with Explanatory Statement
  • Filling and filing of MCA Form(s)*
  • List of Steps with dates
  • *Late fee charges not included
Add to Cart

Steps for Appointment of Auditor

  • 1

    Step 1

            Hold Board Meeting

     

            Send letter to Auditors/ Audit Form seeking consent and eligibility as well as quotation

  • 2

    Step 2

            Hold 2nd Board Meeting

     

            Decide on the Auditor/Audit firm based on quotations received.

     

  • 3

    Step 3

            Appoint Auditor either in Board Meeting/General Meeting

     

            File requisite Forms