📘 1. Introduction: Appointment of First Auditor in India
As per Section 139(6) of the Companies Act, 2013, every newly incorporated company in India must appoint its first auditor within 30 days from the date of registration. If the Board fails to appoint, the shareholders must do it within 90 days at an EGM. This appointment is vital to ensure compliance and proper financial oversight from the very beginning.
🧾 2. Types of Licenses Offered
While the appointment of an auditor itself doesn’t require a “license,” it does fall under regulatory filings and compliance services, such as:
- Auditor Appointment Filing (ADT-1)
- Digital Signature Certificate (DSC)
- Director Identification Number (DIN) (for board resolution)
- Company Incorporation Services
- ROC Filings & Compliance
👥 3. Who Needs These Services?
- Newly Registered Companies (Private or Public)
- Startups planning to raise funding
- Foreign Subsidiaries in India
- NGOs/Section 8 Companies
- One Person Companies (OPCs)
Any company registered under the Companies Act, 2013 is legally required to appoint a first auditor.
🧑💼 4. Why Choose a Professional Auditor Appointment Service?
Hiring experts ensures:
- 100% compliance with Companies Act, 2013
- Timely filing of Form ADT-1
- Error-free Board Resolutions & Documentation
- Proper selection and verification of Chartered Accountant credentials
- Avoiding penalties for late or incorrect filings
📑 5. Step-by-Step Appointment Process
- Board Meeting is held within 30 days of incorporation.
- Resolution Passed to appoint the first auditor.
- Auditor must be a Chartered Accountant in practice.
- Company files Form ADT-1 with the MCA within 15 days of appointment.
- Auditor’s written consent and eligibility certificate must be obtained.
If the Board fails, an EGM (Extraordinary General Meeting) is conducted to appoint the auditor.
🧾 6. Required Documents
- Incorporation Certificate
- PAN of the Company
- Auditor’s Consent Letter
- Eligibility Certificate (Sec 141 compliance)
- Board Resolution copy
- DSC of Director for e-filing
💰 7. Cost Involved
| Service | Estimated Cost (INR) |
| Auditor Appointment (Professional Fee) | ₹2,000 – ₹5,000 |
| MCA Filing Fees (ADT-1) | ₹300 – ₹600 |
| DSC & DIN (if not obtained) | ₹1,000 – ₹2,000 |
Total Estimate: ₹3,000 – ₹7,000
⏱️ 8. Time Taken
| Step | Duration |
| Board Meeting & Resolution | 1 day |
| Documentation Preparation | 1–2 days |
| Filing Form ADT-1 | 1 day |
Total Time: 2–4 working days
⚠️ 9. Common Mistakes to Avoid
- Missing the 30-day deadline for board appointment
- Filing ADT-1 late or with incorrect details
- Appointing someone not eligible under Sec 141
- Not collecting auditor’s written consent
- Forgetting to pass a proper board/shareholder resolution
📞 10. Call-to-Action (CTA)
Need help appointing your company’s first auditor?
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📱 WhatsApp: +91 7588756518
🌐 Website: www.opriyatrending.in
We ensure 100% MCA compliance and stress-free filings.
❓ 11. FAQs – Frequently Asked Questions
Q1. Is appointment of first auditor mandatory for all companies?
Yes. It is a statutory obligation under Section 139(6) of the Companies Act, 2013.
Q2. What happens if the company fails to appoint an auditor in 30 days?
The Board must call an EGM within 90 days. Failure to appoint leads to penalties.
Q3. Do we need to reappoint the auditor after the first financial year?
Yes, after the first term, a regular auditor can be appointed for up to 5 years.
