Appoint Auditors

Easily appoint an Auditor with Senixa Legal. Prices starting from INR 2999/- only.

Appointment of Auditors

All the government and non-government associations need to monitor their accounts and audit reports as the financial year approaches. The financial statements of these firms need to be thoroughly analyzed and assessed before submitting them to the authorized departments. This assessment of financial documents is done by an Auditor.
Any individual trained to review and verify accounting data and recognized as a Chartered Accountant (CA) under the Chartered Accountant Act 1949 is deemed to be an auditor.

Eligibility of an Auditor:

1. A person is eligible for the appointment as an auditor only if he is a Chartered Accountant.
2. A firm is eligible for the appointment as an auditor only when the majority of its partners are Chartered Accountants practicing in India.
3. In the case where a limited liability partnership firm is appointed as auditor, only the partners who are Chartered Accountants will be authorized to act and sign on behalf of the firm.

The appointment of an Auditor is significant in a company that analyses and understands a company’s financial records to deliver effective analyses and relevant information. Management can use this information to evaluate the company and implement the measures necessary to meet its objectives.

Duties of an Auditor:

Provide an Audit Report
Make Proper Enquiry
Assist in Branch Audit
Compliance With Auditing Standards
Reporting of Frauds
Provide Assistance in Investigation
Adhere Principles of Auditing
Provide Negative Opinion

You may get in touch with our experts on +91-9999347181 or mail us at info@senixalegal.com.

Choose Your Package

Basic

₹ 2999/-

Easy EMI's

Transparent Pricing

Checkout

Documents Required for Auditor’s Appointment

Company’s Board resolution copy
NOC from old auditors
Written consent from the Auditor to such appointment
A certificate from the Auditor that he/she/it is not disqualified to be appointed as an Auditor under section 141
Copy of the intimation sent by the company to the auditor
Name of the new auditor firm
Address of the new auditor firm
Email address and PAN number
A number of years for which the firm is appointed
Details of the resigning auditor firm
Appointment date of the new auditor firm
Digitally signed Form ADT-1 (along with the signature of the director of the company)

Steps to Appoint an Auditor in Company

Step 1

NOC From Old Auditors & Consent From New Auditors
Step 2
Preparation of Documents
Step 3
Filing of Forms
Step 4
Auditor is Appointed

Fill Simple Checklist

A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of Company Registration throughout the process.

Name Approval

Once your documents along with Checklist are submitted, we shall proceed with the application of your Digital Signature and subsequently the approval of name for your Private Limited Company. You may suggest up to three names of your choice. Names should be unique and suggestive of the Company’s business. We will proceed with application for name for your Private Limited Company in Part A of SPICe Plus form.

Registration

We will draft the MOA (Memorandum of association) and AOA (Articles of association). We will file the incorporation documents with MCA through in part B of a form called “SPICe Plus (SPICe +)” along with the subscription statement. Usually, MCA approves the forms within 4-5 days once filed and issues Incorporation Certificate with CIN. PAN & TAN are allotted alongside. You may then proceed to open your Company Bank Account.

FAQs On Appointment of Auditor

I have just incorporated a company. When do I appoint the first Auditor of the Company and how?
The first auditor shall be appointed by the Board within a period of 30 days from the date of registration of the Company in E-form ADT-1.

What if the Board is not able to appoint the first Auditor within 30 days of incorporation?
If the Board fails to appoint, then it shall inform the members about the same. The members shall within a period of 90 days, at an extraordinary general meeting, appoint an auditor.

What would be the tenure of the first auditor?
The first auditor, appointed as above, shall hold the office till the conclusion of the first Annual General Meeting The Auditor will typically hold term till the conclusion of the 6th AGM or 5 years. The appointment of an Auditor can also be made for a period of 1 year, renewable at each annual general meeting.

Still, have confusion?
Don’t worry! Our experts will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@senixalegal.com or call us on +91 9999347181

Senixa Legal is a body comprising of professionals with intellectual capability.
We are focused in each possible way so that we can offer you the best tax planning alternatives, moving through a conservative approach towards aggressive, counting on the risk factor too so that you get the best option to choose for.