Application for removal of Auditor (ADT-2)
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
This Service is for making an Application to ROC in Form ADT-2 for removal of auditor(s) from his/their office before expiry of term
- Filing the Form.
- Preparing Documents to be uploaded along with the form.
- Uploading the form.
1) Details of the grounds for seeking removal of auditor.
2) Optional attachments, if any.
Thus, the Tribunal should within 15 days of receipt of the application pass an order that the auditor shall not function and the central government may appoint another auditor in his place. Auditor against whom Tribunal passes an order for removal shall not be eligible for appointment in any company for 5 years. Moreover, 5 years shall initiate from the date of the final order. Further, in such cases both the audit firm and partner concerned will be jointly and severally liable.
2.Whether the accounts have been qualified during last three years.
3.Date of appointment of auditor and SRN of notice of such appointment.
4.Status of payment of Audit Fees.
SRN number of filing ADT-1 is a requirement for getting approval of central government,
So, companies have to file ADT- 1 before uploading ADT- 2.
2.Company mandatory have to give a reasonable opportunity of being heard to Auditor.
3.Apply for Central government approval within 30 days from date of passing board resolutions in Form ADT-2 as an attachment to Form RD1.
4.After getting approval, the company has to conduct a general meeting within 60 days from the date of approval to pass a special resolution approving central government’s approval.
By a company having an authorized share capital of: a) Up to Rupees 25,00,000 - 2000 - 1000.
Above Rupees 25,00,000 but up to Rupees 50,00,000 - 5000 - 2500.
Above Rupees 50,00,000 but up to Rupees 5,00,00,000 - 10000 - N/A.
Above Rupees 5,00,00,000 but up to Rupees 10 crore or more - 15000 - N/A.
Above Rupees 10 crore - 20000 - N/A.
By a company limited by guarantee but not having a share capital - 2000.
By a company having a valid license issued under section 8 of the Act (Section 8 Company) - 2000.