Which deadline and form apply to an auditor’s statement on resignation under section 140(2) of the Companies Act, 2013?
Question and options
Which deadline and form apply to an auditor’s statement on resignation under section 140(2) of the Companies Act, 2013?
Within 60 days in ADT-6
Within 15 days in ADT-1
Within 30 days in ADT-3
Within 90 days in ADT-4
Answer and explanation
Section 140(2) of the Companies Act, 2013 requires a resigning auditor to file a statement with the company and the Registrar within thirty days of resignation, and rule 8 of the Companies (Audit and Auditors) Rules, 2014 prescribes Form ADT-3. Form ADT-1 is the company's notice of an auditor's appointment.
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