| Step Name | Short Description | Authority |
|---|---|---|
| Resignation Letter | The auditor submits a formal resignation stating specific reasons. | Outgoing Auditor |
| Board Resolution | Meeting to accept the resignation or propose the removal of the auditor. | Board of Directors |
| RD Approval (Removal) | Mandatory only if the company is removing the auditor before their term. | Regional Director |
| Special Resolution | Required for both removal and filling a vacancy caused by resignation. | Shareholders |
| Form Name | Trigger/Description | Countdown Deadline |
|---|---|---|
| ADT-3 | Filed by the outgoing auditor to report their resignation. | 30 Days from Resignation |
| ADT-1 | Filed by the company to notify the appointment of the new auditor. | 15 Days from Meeting |
| ADT-2 | Filed by the company to seek RD approval for auditor removal. | 30 Days from Board Res. |
| MGT-14 | Filing the Special Resolution for the new appointment/removal. | 30 Days from Meeting |
No, the Board can only propose a name; the shareholders must approve the appointment within 3 months.
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