MCA Extends the last date of filing of Cost Audit Report to the BOD up to 31st October 2021
The Ministry of Corporate Affairs (MCA) has extended the last date of filing the Cost Audit Report to the Board of Directors via General Circular No. 15/2021 dated September 27, 2021 up to 31st October 2021.
Representations have been received from various stakeholders for extension of last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 due to impact of COVID-19 pandemic.
In view of the extraordinary disruption caused due to the pandemic, it has been decided that if the cost audit report for the financial year 2020-21 by the cost auditor to the Board of Directors of the companies is submitted by October 31, 2021 then the same would not be viewed as violation of rule 6(5) of Companies (cost records and audit) Rules, 2014. Consequently, the cost audit report for the financial year ended on March 31, 2021 shall be filed in e-form CRA-4 within 30 days from the date of receipt of the copy of the cost audit report by the company. However, in case a company has got an extension of time for holding Annual General Meeting under section 96(1) of the Act then e-form CRA-4 may be filed within the timeline provided under the proviso to rule 6(6) of the companies (Cost Records and Audit) Rules, 2014.
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