Question ID :
40946
Change in status from Individual auditor to Individual auditor's firm (PAN is SAME)
The ADT-1 filed for the year is in the name of Individual auditor. However, later the Individual auditor registered his firm as a sole proprietorship. PAN of Auditor is the same. Only change in there is a firm registration number.
Should there be ADT-3 filed and new ADT-1 or can the matter be ratified in the Board Meeting and in the AGM.
To re-iterate, the signing auditor is the same. Only change is individual firm.
Alternatively, can the signing auditor sign as a individual and not as a firm.
Posted by
Lokesh Chajed
on
Jan 18, 2021
Filed Under
Companies Act, 2013
It is better to file ADT3 and then file fresh ADT1 in the name of proprietorship firm. Doing this you can mention the FRN also on the audit report which shall display more creditability than an Individual.
Posted by
CA. JHA SHANKAR KUMAR on
May 30, 2021