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Yes. The Companies Act-2013 stipulates that any Private limited company need to appoint a CA as Statutory Auditor within 30 days of incorporation. This does not mean that you have to hire a CA on your payroll. It just means that you have to inform MCA who will do the Statutory Audit for the company at the end of the financial yea...
Wazzeer Professional Network
ProfessionalDoes a Pvt. Ltd. company has to have an auditor from the 30 days of its registration?
-
Wazzeer Professional Network
ProfessionalYes. The Companies Act-2013 stipulates that any Private limited company need to appoint a CA as Statutory Auditor within 30 days of incorporation. This does not mean that you have to hire a CA on your payroll. It just means that you have to inform MCA who will do the Statutory Audit for the company at the end of the financial year within 30 days of incorporation. This appointment is intimated to MCA through a form called ADT-1. The Govt. Fees for the same would be anywhere between Rs.300 to Rs.600 based on the Authorized share capital of your company.
Usually CAs won’t charge any professional fees to file this form. However, the CA you have appointed will be doing your statutory Audit at the end of the financial year and they will be charging you for this service. Though, no CA can give you an exact quote for Statutory Audit one year in advance, it is better to get an idea from them so that you don’t end up in a service when the actual bill arrives.
over 2 years ago
View answer
Does a Pvt. Ltd. company has to have an auditor from the 30 days of its registration?
-
Wazzeer Professional Network
ProfessionalYes. The Companies Act-2013 stipulates that any Private limited company need to appoint a CA as Statutory Auditor within 30 days of incorporation. This does not mean that you have to hire a CA on your payroll. It just means that you have to inform MCA who will do the Statutory Audit for the company at the end of the financial year within 30 days of incorporation. This appointment is intimated to MCA through a form called ADT-1. The Govt. Fees for the same would be anywhere between Rs.300 to Rs.600 based on the Authorized share capital of your company.
Usually CAs won’t charge any professional fees to file this form. However, the CA you have appointed will be doing your statutory Audit at the end of the financial year and they will be charging you for this service. Though, no CA can give you an exact quote for Statutory Audit one year in advance, it is better to get an idea from them so that you don’t end up in a service when the actual bill arrives.
over 2 years ago
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