An audit firm X is appointed in AGM for 5 years and later on, the audit firm gets merged with another audit firm Y.
Is adt-3 required to be filed for merged unit X?
And also adt-1 is required to be filed for new firm Y?
Jayanta Bandyopadhyay 09 November 2024
An audit firm X is appointed in AGM for 5 years and later on, the audit firm gets merged with another audit firm Y.
Is adt-3 required to be filed for merged unit X?
And also adt-1 is required to be filed for new firm Y?
T. Kalaiselvan, Advocate (Advocate) 09 November 2024
First-Party Audits focus on internal processes and adherence to company policies. Second-Party Audits concentrate on supplier performance and compliance with contractual terms. Third-Party Audits evaluate overall compliance with industry standards and regulations.
What exactly is your query so that further opinion can be rendered.
Jayanta Bandyopadhyay 09 November 2024
Sir
We had appointed Firm X for 5 years. But in 2 nd year, it gets merged with Firm Y.
Whether we require to adopt resolution afresh and file returns on MCA Portal?
Trust my point is clear.
Regards
Dr. J C Vashista (Advocate ) 10 November 2024
The firm Y is liable to complete all audit actions / formalities and has to (automatically) honour the commitment(s) made by firm X, stated to have merged with firm Y.
No fresh resolution is required.
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