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    Revised ADT-1 of Newly Incorporated Company

    Posted By : Shreya Maheshwari / Published on : 18-Sep-2019 10:42 AM / View : 1756 / Comment : 0

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    Dear Learned Members,

    We had incorporated a Pvt ltd company on 26/3/2019. And we filed adt-1 for the appointment of first auditor. And in ADT -1, we had the shown the period for which he had been appointed to audit the accounts as from 26/3/19 to 31/3/19.

    Now after reading the definition of financial year in companies act 2013, we understand that the period that we have shown in adt-1 might be wrong. Bcoz as per the financial year definition, companies incorporated after 1st January must end its financial year in the following year.i,e 31st March 2020.

    Although, we don't have issues in auditing the accounts for the period from 26/3/19 to 31/3/19 and conducting its first agm. But we don't know whether it will be legally right.

    Please suggest if there is any way out from this problem. Can we revised ADT -1 and file again.

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