Company Auditor Demands More Money - CiteHR
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I am the directory of a startup company registered in 2011. We were not able to proceed with any operation after the company registration. We decided to keep the company, and appointed an auditor to file necessary documents. The auditor just uploaded the auditor appointment letter, but did nothing like filing the income tax (loss) or ROC returns. Now he is demanding more than 35k rupees to file the ROC and income tax return for a non operating company (for 2 years). Anyone please enlighten me how much is the roc and income tax fees and penalties? (I am not sure about the avg auditor fees as well)
Is there a way to change the company auditor?
Please excuse me, if this is not the right forum to ask this stuff.
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Hi Rakesh !

Owing to my professional association, I will be quite concised in this post.

1. Fees, as applicable: Please make a market research as clearly no one will be telling you fees at this forum and it may not hold long too. But definitely more you wait higher it will go.

2. No ROC return etc: Technically speaking auditor is different from one person creating a company, one who files ROC returns, IT returns. There's no obligation on him except to upload his appointment details. So you can't beat him on that for sure.

3. Changing auditor: Changing auditor often results in unnecessary conflicts and enhanced cost and thus should be avoided. Still if you wanna change you can. You merely require approval of 75% shareholders. Certain documentation is required. But prior to this, do assess the impact and how and who will be the new auditor as new auditor being CA must also have word with earlier one and such new CA may even refuse your offer, post word with him.

For further queries in this regard, you can reach me up.
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