Auditor Appointment Key Points

First Auditor:-

After 14th July 2025, MCA has a bought a change in eform ADT 1.i.e. a coloumn was added to indicate the appointment of Auditor made within 30 days of incorporation*.  

If Auditor is not appointed by Board within 30 days of Incorporation, EGM can appoint the Auditor within 90 days of expiry of first 30 days after incorporation.

First Auditor will remain office till First AGM.

On AGM, he can be appointed for 5 years and each year thereafter no ratification is required.

Auditor needs to be a qualified professional with certificate of practice from ICAI

He can be auditor only in 20 companies except for small companies, One Person Companies (OPCs), Dormant Companies, Small Companies, Private Companies having a paid-up share capital of less than ₹100 crore