Rotate auditor per Companies Act: individual: 1 term x 5 yrs, firm: 2 terms x 5 yrs, 5-yr cooling off
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.
Verify if current auditor has completed maximum term (5 years individual / 10 years firm).
Identify eligible auditor. Existing auditor has 5-year cooling off period.
Audit Committee recommends new auditor to Board.
Board recommends new auditor for member approval at AGM.
Members approve new auditor at AGM.
File notice of new auditor appointment within 15 days of AGM.
File resolution with ROC.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.