What are the compliance requirements after a company is registered?

After registering a company in India, compliance requirements include: Appointment of a Statutory Auditor within 30 days, Filing of Annual Returns (Form MGT-7), Filing Financial Statements (Form AOC-4), Conducting at least four Board Meetings annually, Income Tax Filing (ITR-6), Maintenance of Books of Accounts, and GST Filing if applicable.

Can a foreign national or NRI be a director in an Indian company?

Yes, foreign nationals and NRIs can be directors of an Indian company if: The company has at least one resident director who has lived in India for at least 182 days in the previous calendar year, they obtain a Director Identification Number (DIN) and a Digital Signature Certificate (DSC), and they provide required documents including a passport, proof of address, and a consent declaration.

How can I conduct a company name search online?

To conduct a company name search: Visit the MCA Name Availability Tool on the MCA website, enter your proposed company name in the search bar, review similar names displayed, and ensure compliance with Companies Act 2013 naming guidelines. You can also check the trademark database to ensure the name is not trademarked by another entity.

What is the difference between authorized capital and paid-up capital?

Authorized Capital is the maximum amount of share capital a company is permitted to issue as per its Memorandum of Association (MOA). Paid-Up Capital is the actual amount received by the company from shareholders for the shares issued. For example, if authorized capital is ₹10,00,000, shares cannot exceed this value. If paid-up capital is ₹5,00,000, shareholders have contributed that amount.

How much does it cost to register a company in India?

The cost depends on the type of company. Government Fees include Name Reservation (₹1,000) and SPICe+ Form Filing (₹2,000 for authorized capital up to ₹10 lakh). Professional Fees range from ₹5,000-₹20,000. Additional Costs include Digital Signature Certificate (DSC) at ₹500-₹2,000 per director. PAN and TAN are included in SPICe+ filing.

How do I open a current bank account for my company?

To open a current bank account, submit the Certificate of Incorporation, PAN, Memorandum and Articles of Association, Board Resolution authorizing account opening, and KYC documents of directors to the chosen bank.

Does a private limited company have perpetual existence?

Yes, a private limited company has perpetual existence, meaning it continues to exist regardless of changes in ownership or the death of its members.

What are articles of association and memorandum of association?

The Memorandum of Association (MOA) defines a company's objectives, scope, and relationship with external parties. The Articles of Association (AOA) outline the rules and regulations for the company's internal management and governance.

What are the penalties for non-compliance with annual filings?

Penalties include a late filing fee of ₹100 per day per form, disqualification of directors for up to 5 years, fines ranging from ₹50,000 to ₹5,00,000, and in severe cases the company may be struck off the MCA register.

What are the corporate tax rates for companies in India?

Domestic companies are taxed at 30%, or 25% if turnover is up to ₹400 crore, with a concessional rate of 22% (25.17% effective) for companies not claiming exemptions and 15% (17.16% effective) for new manufacturing companies. Foreign companies are taxed at 40%.

Is GST registration mandatory during company registration?

GST registration is not mandatory during company registration. However, it is required if the company's turnover exceeds ₹40 lakh for goods or ₹20 lakh for services. It is also mandatory for companies involved in inter-state supply or e-commerce activities.

What is the minimum and maximum number of shareholders allowed?

A private limited company requires a minimum of 2 shareholders and allows a maximum of 200. A public limited company requires a minimum of 7 shareholders, with no limit on the maximum number.

Can I register a company using a virtual office address?

Yes, you can register a company using a virtual office address, provided it is a legally valid address and you have the necessary documentation, such as a rental agreement and utility bills, to verify its authenticity.

How many days does it take to register a company?

Company registration in India usually takes about 7-10 working days if all documents are in order. Using the SPICe+ form can speed up the process since it combines multiple services like PAN, TAN, and GST registration.

Who governs and controls private limited companies in India?

Private limited companies in India are governed by the Companies Act, 2013, regulated by the Ministry of Corporate Affairs (MCA), with day-to-day operations managed by the Board of Directors. Shareholders have the power to appoint or remove directors through voting.

What documents are required for company registration in India?

Required documents include PAN cards for directors and shareholders, passport for foreign nationals, Aadhaar or Voter ID for identity proof, bank statements or utility bills for address proof, MOA and AOA, and proof of office address and rent agreement.

What are the benefits of registering a private limited company?

Benefits include limited liability, separate legal entity, ease in fundraising, tax advantages, and a more professional image with clients and partners. It is ideal for startups and SMEs.

What is the process for registering a company in India?

The process includes: 1) Obtain Digital Signature Certificate (DSC) for proposed directors, 2) Obtain Director Identification Number (DIN), 3) Reserve company name through MCA portal, 4) Prepare and file SPICe+ form with required documents, 5) Pay government fees, and 6) Receive Certificate of Incorporation upon approval.

Can I convert my sole proprietorship or partnership into a private limited company?

Yes, you can convert a sole proprietorship or partnership into a private limited company by following the conversion process outlined by the MCA, which includes obtaining DIN for directors, reserving a new company name, and filing the necessary forms along with the required documents.

What are the ongoing compliance requirements after company registration?

Ongoing compliance includes: 1) Annual General Meeting (AGM) within 6 months of financial year-end, 2) Filing of Annual Returns (Form MGT-7) and Financial Statements (Form AOC-4), 3) Income Tax Return filing (ITR-6), 4) GST returns if applicable, 5) Maintaining statutory registers and records, and 6) Complying with labor laws and other applicable regulations.

How can I check the status of my company registration application?

You can check the status of your company registration application by visiting the MCA website, navigating to the 'MCA Services' section, and using the 'Track Application Status' feature by entering your application number or CIN.

What are the common reasons for company registration rejection?

Common reasons for rejection include: 1) Name similarity with existing companies, 2) Incomplete or incorrect documentation, 3) Non-compliance with naming guidelines, 4) Invalid DSC or DIN, and 5) Issues with the proposed registered office address.

Can I register a company without a physical office address?

No, a physical office address is required for company registration in India. However, you can use a virtual office address as long as it is a legally valid address and you have the necessary documentation to verify it.

What is the difference between a private limited company and a public limited company?

A private limited company has restrictions on share transfers and a maximum of 200 shareholders, while a public limited company can offer shares to the public and has no limit on shareholders. Public companies are also subject to more stringent regulatory requirements.

How do I choose a unique name for my company?

To choose a unique name, ensure it is not identical or similar to existing companies by using the MCA Name Availability Tool. Follow naming guidelines such as avoiding offensive words, ensuring it ends with 'Private Limited' for private companies, and considering trademark availability.

What are the tax implications of registering a company in India?

Tax implications include corporate tax rates (30% or concessional rates), Goods and Services Tax (GST) if applicable, Dividend Distribution Tax (DDT) on dividends paid to shareholders, and compliance with transfer pricing regulations for international transactions.

Can I register a one-person company (OPC) instead of a private limited company?

Yes, you can register an OPC if you are an individual entrepreneur who wants to start a business without partners. An OPC allows for single ownership while providing limited liability protection.

What is the role of directors in a private limited company?

Directors are responsible for managing the company's affairs, making strategic decisions, ensuring compliance with legal requirements, and acting in the best interest of the company and its shareholders.

How do I file annual returns and financial statements after registering my company?

Annual returns and financial statements can be filed through the MCA portal using Form MGT-7 for annual returns and Form AOC-4 for financial statements. Ensure you have all necessary information and documents ready before filing.

What are the advantages of registering a company in India?

Advantages include limited liability protection, separate legal entity status, easier access to funding and investment, tax benefits, enhanced credibility with customers and partners, and perpetual succession.

How can I get a Digital Signature Certificate (DSC) for company registration?

You can obtain a DSC from government-approved certifying authorities in India. The process typically involves submitting an application form along with identity and address proof documents, and paying the required fee.

What is the significance of a Director Identification Number (DIN) in company registration?

A DIN is a unique identification number assigned to individuals who wish to become directors of a company. It is mandatory for all directors and is used to track their involvement in various companies.

Can I register a company in India if I am a foreign national?

Yes, foreign nationals can register a company in India as long as they meet the requirements, such as having at least one resident director and obtaining the necessary documentation like DIN and DSC.

What are the steps involved in registering a private limited company?

Steps include: 1) Obtain DSC for proposed directors, 2) Obtain DIN, 3) Reserve company name, 4) Prepare MOA and AOA, 5) File SPICe+ form with required documents, 6) Pay government fees, and 7) Receive Certificate of Incorporation.

How do I ensure compliance with the Companies Act after registering my company?

Ensure compliance by conducting regular board meetings, maintaining statutory registers, filing annual returns and financial statements on time, adhering to tax regulations, and keeping up-to-date with any changes in laws that may affect your business.

What are the common challenges faced during company registration?

Common challenges include name approval issues, document verification delays, technical glitches on the MCA portal, understanding complex legal requirements, and ensuring all compliance criteria are met.

Can I register a company online without visiting any government office?

Yes, you can register a company online through the MCA portal using the SPICe+ form which allows for digital submission of all required documents and payment of fees without needing to visit any government office.

What is the importance of a registered office address for company registration?

A registered office address is important because it is the official address of the company where all communications and notices from the government and other entities are sent. It must be a physical address in India and cannot be a P.O. Box.

What are the benefits of using a virtual office address for company registration?

Using a virtual office address can provide benefits such as cost savings on physical office space, flexibility in location, and access to professional services like mail handling and call forwarding. However, it is important to ensure that the virtual office address is legally valid and meets the requirements for company registration.

What is the process for reserving a company name?

To reserve a company name, you need to use the MCA Name Availability Tool on the MCA website. Enter your proposed company name and check for availability. If the name is available and complies with naming guidelines, you can proceed to reserve it by filing the necessary form and paying the required fee.

How do I prepare the Memorandum of Association (MOA) and Articles of Association (AOA)?

The MOA should include the company's name, registered office address, objectives, liability of members, share capital details, and subscriber information. The AOA should outline the rules for internal management, including share transfer procedures, meeting protocols, and director responsibilities. You can use templates or seek professional help to ensure they meet legal requirements.

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“Incorporating my Startup with IncorpX was an incredibly smooth and hassle-free experience. The team was highly professional, guiding us every step of the way with clear communication and prompt support. The registration process was fast, and every detail was handled with precision and accuracy. Highly recommend IncorpX for anyone starting a business.”

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First-year compliance bundle included: auditor setup, ROC filings, and annual returns.

Overview Reasons to Change Key Features Documents Required Process Penalties FAQs

AUDITOR CHANGE FILING - AN OVERVIEW

Auditor Change Filing is a mandatory compliance under the Companies Act, 2013 whenever a company changes its statutory auditor - whether through resignation, removal, or rotation. Every Private Limited Company, OPC, or Public Limited Company must appoint a qualified Chartered Accountant as statutory auditor and intimate any change to the Registrar of Companies by filing Form ADT-1.

Under Section 139 and 140 of the Companies Act, 2013, the first auditor must be appointed within 30 days of incorporation, and subsequent auditors are appointed at the AGM for a term of 5 consecutive years. The appointment must be filed with ROC using Form ADT-1 within 15 days of the appointment. This filing intimates MCA about the auditor's details and consent.

Auditor change can happen due to various reasons - resignation, mandatory rotation (for listed companies), removal by shareholders, or completion of the 5-year term. Each scenario has specific procedural requirements. For removal before term completion, a special resolution and prior approval from the Central Government may be required.

At IncorpX, we handle the complete auditor change process - from accepting resignation and drafting resolutions to filing ADT-1 and updating MCA records. Our expert team ensures all statutory requirements are met within the 15-day deadline, avoiding penalties and ensuring audit continuity.

Reasons for Changing Auditor:

Companies may need to change their statutory auditor due to various circumstances:

Reason	Description	Procedure
Resignation by Auditor	Auditor voluntarily resigns from the position	Accept resignation; file ADT-3 (by auditor); appoint new auditor; file ADT-1
Term Completion	5-year term of the auditor expires	Appoint new auditor at AGM; file ADT-1 within 15 days
Casual Vacancy	Vacancy due to death, disqualification, or resignation	Board fills vacancy within 30 days; file ADT-1
Removal by Company	Company removes auditor before term completion	Special Resolution; Central Government approval; file ADT-2
Mandatory Rotation	Listed companies must rotate auditors after specified period	Appoint new auditor at AGM after cooling-off period
Disqualification	Auditor becomes disqualified under Section 141	Auditor vacates office automatically; appoint new auditor

First Auditor Appointment

The first auditor of a company must be appointed by the Board of Directors within 30 days of incorporation. If the Board fails to do so, shareholders must appoint the auditor within 90 days at an EGM. Form ADT-1 must be filed within 15 days.

Key Features of Auditor Change Filing in Vapi:

Understanding the essential aspects of auditor change ensures smooth compliance:

1. 15-Day Filing Deadline

Form ADT-1 must be filed within 15 days of auditor appointment. This is a strict deadline with daily penalties for delay.

2. Qualified CA Required

Only a practicing Chartered Accountant or CA firm can be appointed as statutory auditor. They must hold a valid Certificate of Practice.

3. Auditor's Consent

The incoming auditor must provide written consent and eligibility certificate confirming they meet all qualifications under Section 141.

4. 5-Year Term

Auditors are appointed for a term of 5 consecutive years, subject to ratification at each AGM (if applicable per company's AOA).

5. Independence Required

Auditors must maintain independence and cannot have business relationships or pecuniary interests in the company.

6. Rotation Rules

Listed companies must rotate auditors (individual: 5 years, firm: 10 years) with mandatory cooling-off period.

Documents Required for Auditor Change in Vapi:

The following documents are required for auditor change filing:

Document	Purpose
Board Resolution	Approving the appointment of new auditor (for casual vacancy)
AGM/EGM Resolution	Appointing auditor at general meeting (for regular appointments)
Auditor's Consent Letter	Written consent from incoming auditor accepting appointment
Eligibility Certificate	Certificate from auditor confirming eligibility under Section 141
CA Certificate of Practice	Proof that the auditor holds valid Certificate of Practice from ICAI
PAN of Auditor/Firm	Required for MCA filing and records
Resignation Letter (if applicable)	Written resignation from outgoing auditor
DSC of Director	For digitally signing Form ADT-1 on MCA portal

For Auditor Removal Before Term:

Special Resolution passed by shareholders

Prior approval from Central Government

Form ADT-2 filed with ROC

Opportunity given to auditor to be heard

Step-by-Step Auditor Change Process in Vapi:

Our streamlined process ensures smooth and compliant auditor change:

Step 1: Accept Resignation (if applicable)

If the current auditor is resigning, accept the resignation letter. The resigning auditor files Form ADT-3 with ROC within 30 days.

Step 2: Identify New Auditor

Identify a qualified Chartered Accountant or CA firm to be appointed as the new statutory auditor.

Step 3: Obtain Auditor's Consent

Obtain written consent and eligibility certificate from the proposed auditor confirming they meet all qualifications under Section 141.

Step 4: Board/General Meeting

For casual vacancy, Board fills the vacancy within 30 days. For regular appointment, pass resolution at AGM/EGM.

Step 5: Prepare Documentation

Draft all required resolutions, consent letters, and compile necessary documents including auditor's details.

Step 6: File Form ADT-1

File Form ADT-1 on MCA portal within 15 days of appointment with all required attachments and government fee.

Step 7: Receive Confirmation

Upon approval, MCA updates the company's records with new auditor details. Download the updated master data.

Change your company's auditor with proper MCA compliance!

Penalties for Late Auditor Filing in Vapi:

ADT-1 has a strict 15-day filing deadline. Delayed filing and non-appointment attract penalties:

Non-Compliance	Penalty on Company	Penalty on Officers
Late ADT-1 Filing (per day delay)	₹100 per day additional fee	-
Failure to Appoint Auditor	₹25,000 (minimum) to ₹5,00,000	₹10,000 to ₹1,00,000 on every defaulting officer
Auditor Not Appointed within 30 Days (First Auditor)	₹300 per day	Directors held responsible
Improper Removal of Auditor	Removal may be invalid	Personal liability on directors

Auditor's Obligation

When an auditor resigns, they must file Form ADT-3 with ROC within 30 days stating reasons for resignation. Failure to file attracts penalty of ₹50,000 to ₹5,00,000 on the auditor.

Why Choose IncorpX for Auditor Change Filing in Vapi?

Expert Team: Qualified CS/CA professionals with extensive MCA filing experience.

Quick Turnaround: Most filings completed within 3-5 working days.

Transparent Pricing: Clear fees with no hidden charges.

Complete Documentation: We prepare all resolutions, consent letters, and forms.

Dedicated Support: Personal manager to guide you through the process.

Zero Rejection: Quality review ensures accurate, rejection-free filings.

FAQs on Auditor Change Filing in Vapi:

Auditor appointment and change is crucial for statutory compliance. Here are answers to frequently asked questions about changing auditor in a company:

Form ADT-1 is used to intimate ROC about the appointment of auditor. It must be filed within 15 days from the date of appointment at AGM or Board Meeting.

Only a practicing Chartered Accountant (individual or firm) holding a valid Certificate of Practice from ICAI can be appointed as statutory auditor of a company.

A statutory auditor is appointed for a term of 5 consecutive years. Listed companies have mandatory rotation requirements after the specified period.

The first auditor must be appointed by the Board within 30 days of incorporation. If the Board fails, shareholders must appoint at an EGM within 90 days.

Yes, an auditor can resign by giving written notice. However, they must file Form ADT-3 with ROC within 30 days stating reasons for resignation.

Yes, but removal before term completion requires Special Resolution by shareholders and prior approval from Central Government. The auditor must be given opportunity to be heard.

A casual vacancy occurs due to resignation, death, or disqualification of auditor. The Board can fill vacancy (except by resignation) within 30 days; resignation vacancy requires EGM.

Listed companies must rotate auditors - individual CA after 5 years, firm after 10 years - with a cooling-off period of 5 years before reappointment.

Disqualifications include: being an officer/employee of company, having business relationship, owing more than ₹5 lakh, being relative of director, or conviction for fraud.

Ratification was required earlier but has been made optional by amendment. Companies can choose whether to include ratification clause in their AOA.

Form ADT-3 is filed by a resigning auditor with ROC within 30 days, stating reasons for resignation. This is the auditor's filing, not the company's.

Failure to appoint auditor attracts penalty of ₹25,000 to ₹5,00,000 on company and ₹10,000 to ₹1,00,000 on every defaulting officer including directors.

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(4.9 out of 5)

I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.

2025-11-02

Dia

Verified

(5 out of 5)

I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!

2025-10-07

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Auditor Change Filing Services in Vapi

Change Auditor in Your Company with Expert Support - Starting @ ₹2,999 Only

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Expert Legal Team

Fast Turnaround

Dedicated Support

Complete Documentation

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Need to Change Auditor in Your Company in Vapi?

HERE'S HOW IT WORKS

1. Fill the Form

2. Call to discuss

3. Change Auditor in Your Company

SIMPLE & TRANSPARENT PRICING

Auditor Change Filing Package in Vapi

IncorpX Prime

Key Benefits

Important Notes

AUDITOR CHANGE FILING - AN OVERVIEW

Reasons for Changing Auditor:

First Auditor Appointment

Key Features of Auditor Change Filing in Vapi:

Documents Required for Auditor Change in Vapi:

Step-by-Step Auditor Change Process in Vapi:

Step 1: Accept Resignation (if applicable)

Step 2: Identify New Auditor

Step 3: Obtain Auditor's Consent

Step 4: Board/General Meeting

Step 5: Prepare Documentation

Step 6: File Form ADT-1

Step 7: Receive Confirmation

Penalties for Late Auditor Filing in Vapi:

Auditor's Obligation

Why Choose IncorpX for Auditor Change Filing in Vapi?

FAQs on Auditor Change Filing in Vapi:

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