A statutory auditor of the company may resign voluntarily after giving notice to the company in this respect. The period of notice as may be agreed between him/ it and company. The auditor is mandatorily required to file statement of reasons and facts of resignation with the company and registrar.
The following particulars are required to be entered in form ADT-3:
The fees for filing Form e-forms with the registrar of companies are:
|S.No.||Share Capital of the Company (in value)||Fee (in Rupees)|
|1||Less than 1,00,000||200|
|2||1,00,000 to 4,99,999||300|
|3||5,00,000 to 24,99,999||400|
|4||25,00,000 to 99,99,999||500|
|5||1,00,00,00 or more||600|
Late filing of e-forms will attract these penalty fees specified below:
|S.No.||Delay in Filing (No. of days)||Penalty|
|1||Up to 30||2 times of Normal Fees|
|2||More than 30 to 60||4 times of Normal Fees|
|3||More than 60 to 90||6 times of Normal Fees|
|4||More than 90 to 180||10 times of Normal Fees|
|5||More than 180||12 times of Normal Fees|
As per the Companies Act, 2013 if the auditor does not file form ADT-3 within 30 days of resignation than he or it shall be punishable with penalty of Rs. 50000 or current remuneration of the auditor whichever is less.
The auditor of company may be removed by the company before expiry of his term if company is not satisfied with the services of the auditor. Before the removal of the auditor the auditor concerned shall be given an opportunity of being heard.
For the purpose of removal of auditor company is required to:
The following particulars are required to be mentioned in form ADT-2:
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