Appoint statutory auditor: first auditor by Board within 30 days, subsequent at AGM, 5-year term
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Identify CA firm eligible for appointment. Check rotation requirements for prescribed companies.
Obtain written consent and eligibility certificate from the auditor (S.141).
Board/Audit Committee recommends auditor for member approval.
Members approve auditor appointment at AGM for a term of 5 years.
File notice of auditor appointment within 15 days of AGM.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.