Appointment of Auditor in Pune - Overview
📌 TL;DR - Appointment of Auditor in Pune Services at a Glance
Every company registered in India must appoint a statutory auditor under Section 139 of the Companies Act, 2013. The first auditor is appointed by the Board within 30 days of incorporation and holds office until the first AGM. Subsequent auditors are appointed by shareholders at the AGM for a 5-year term. Form ADT-1 must be filed with the ROC within 15 days of the appointment - this is now mandatory for first auditor appointments from 14 July 2025 per the Companies (Audit and Auditors) Amendment Rules, 2025. Only a practicing Chartered Accountant eligible under Section 141 can be appointed. Non-compliance attracts penalties of Rs 25,000 to Rs 5,00,000 for the company and Rs 10,000 to Rs 1,00,000 for every officer in default.
Pune has over 80,000 registered companies requiring statutory auditor appointments. IT startups in Hinjewadi and Baner need their first auditor within 30 days. Large IT companies and MNC subsidiaries in Kharadi, Magarpatta, and Rajiv Gandhi Infotech Park face mandatory auditor rotation after 5/10-year terms. Manufacturing companies in Pimpri-Chinchwad with Rs 10 crore+ capital are prescribed companies requiring rotation compliance. The ROC Pune at Shivajinagar processes all ADT-1 filings. Learn more about Appointment of Auditor across India.
The 2025 amendment making ADT-1 filing mandatory for first auditors has significantly impacted compliance for newly incorporated Pune companies. Without a valid ADT-1 SRN, companies may face technical blocks when filing annual returns. After auditor appointment, companies benefit from Statutory Audit and Accounting Services.
Content is reviewed quarterly for accuracy.