STATUTORY AUDITOR IN CASE OF CASUAL VACANCY

Casual Vacancy means vacancy caused in the office of statutory auditor.

Casual vacancy may be due to:

Death and disqualification of the Auditor.
Resignation by Auditor

STEPS TO FILL CASUAL VACANCY OF THE STATUTORY AUDITOR DUE TO RESIGNATION

Step-1: Obtain certificate in writing from the proposed auditor confirming his eligibility to be appointed.

Step-2: Convene a Board Meeting within 30 days of arising casual vacancy and appoint new auditor

Step-3: Intimate to the Statutory Auditor by issuing Appointment Letter

Step-4: File Form ADT-1 with the ROC within 15 days from the date of appointment in the General Meeting.

Step-3: The auditor so appointed shall hold office till the upcoming Annual General Meeting of the company.

If the Annual General Meeting is not held within 3 months of the appointment of the auditor by the Board, then Company shall hold General Meeting for approval of members for auditor’s appointment.

ATTACHMENTS TO FORM ADT-1

Appointment Letter
Intimation of Appointment
Consent to act as Auditor along with eligibility certificate.
Certified True Copy of Resolution passed in General Meeting.

STEPS TO FILL CASUAL VACANCY OF THE STATUTORY AUDITOR OTHER THAN RESIGNATION

Step-1: Obtain certificate in writing from the proposed auditor confirming his eligibility to be appointed.

Step-2: Convene a Board meeting and approve appointment within 30 days of arising casual vacancy

Step-3: Intimate to the Statutory Auditor by issuing Appointment Letter

Step-4: File Form ADT-1 with the ROC within 15 days from the date of appointment in the Board Meeting.

ATTACHMENTS TO FORM ADT-1

Appointment Letter
Intimation of Appointment
Consent to act as Auditor along with eligibility certificate.
Certified True Copy of Board Resolution

FEE FOR FILING FORM ADT-1

The fees to be paid to the Registrar of Companies is based on the nominal share capital of the company.

The fee structure is as follows:

Nominal Share Capital	Fees (In Rs.)
Upto Rs. 1,00,000	200
Rs. 1,00,000 or more but less than Rs. 5,00,000	300
Rs. 5,00,000 or more but less than Rs. 25,00,000	400
Rs. 25,00,000 or more but less than Rs. 1 crore	500
Rs. 1 crore or more	600

DETAILS REQUIRED FOR FILLING THE FORM

PAN of Auditor
Email id of the Auditor
Address of the Auditor/Auditor’s Firm
Membership Number of the Auditor/Auditor’s Firm’s registration number

PROCESSING OF FORM

This form is taken into records of the Registrar of Companies in electronic mode/Straight Through Process.

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