Exemption for Form ADT-1 through GNL-2

Exemption for Form ADT-1 through GNL-2

Exemption for Form ADT-1 through GNL-2

According to notification from Ministry of Corporate Affairs (MCA) on 13th May 2019 (General Circular No. 06/2019, dated 13-05-2019), stakeholders are given a new deadline without any extra fee for those who filed ADT-1 through GNL-2 amid 01-04-2014 and 20-10-2014 for notifying the appointment of auditor for the period 01-04-2014 to 31-03-2019 owing to non-availability of e-form ADT-1 during the above mentioned  period.

The Ministry of Corporate Affairs received representation from stakeholders concerning the matter. The MCA has issued a clarification that,

“Companies which had filed Form no. ADT-1 through GNl-2 as an attachment (by selecting ‘others’) during the period from 01.04.2014 to 20.10.2014 may file e-form no. ADT- 1 for the appointment of Auditor for the period up to 31.03.2019 without fee, till 15.06.2019.”

As e-form of ADT-1 was not available from 01-04-2014 and 20-10-2014, most of the corporations filed ADT-1 as an attachment (through selecting “others”) towards Form GNL-2 intimating the appointment of Auditor for the period amid 01-04-2014 to 31-03-2019. This is inspected and explained after representation towards Ministry of Corporate Affairs from stakeholders looking for a relaxation of fee for filing e-Form ADT-1, that the stakeholders who have submitted ADT-1 through GNL-2 amid 01-04-2014 and 20-10-2014 are given a new deadline of 15-06-2019 without any extra fee as fee had been paid already when filing GNL-2 for the same purpose. Stakeholders are recommended in the direction of making the use of this one time opportunity as well as file ADT-1 without fee and within the stated deadline of 15th June 2019.

Form ADT-1

Form ADT-1 is required to be filed by each and every corporation in the direction of intimating the Registrar of Companies about the appointment of an auditor. According to Section 139(1) of the new Companies Act 2013, a corporation should inform the appointment of the auditor and is required to be filed with the Registrar of companies, within 15 days of the appointment of the auditor. The filing of appointment of the auditor must be done through Form ADT-1.

Form GNL-2

This form is utilized towards filing various documents with the Registrar of the company. This single form is set for filing multiple documents such as Copy of prospectus, Information Memorandum, Private placement offer letter (PAS-4), Record of a private placement to be kept by the company (PAS-5), A report by a company to ROC for intimating the Disqualification of the Director.

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eStartIndia Team

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