EXTENSION OF TIME FOR SUBMITTING COST AUDIT REPORT FOR FY 2020-21

MCA issued a circular on Extension of time for submitting Cost Audit Report for the FY 2020-21 by the Cost Auditor to the Board of Directors of the Company:

Circular date

27.09.2021

Subject

Extension of time for submitting Cost Audit Report for the FY 2020-21 by the Cost Auditor to the Board of Directors of the Company under Rule 6 (5) of the Companies (Cost Records and Audit) Rules, 2014.

Effective date

27.09.2021

Applicability

All Companies required to furnish Cost Audit Report.

Brief description

The Ministry of Corporate Affairs (MCA) on September 27, 2021 after receiving representations from various stakeholders has extended the due date for submission of Cost Audit Report for the FY 2020-21 by the Cost Auditor to the Board of Directors of the Company to 31st October, 2021 due to the impact of COVID-19 pandemic.
Consequently, the Cost Audit Report for FY ended on 31st March, 2021 shall be filed in e-form CRA-4 within 30 days from the date of receipt of copy of Cost Audit Report by the Company. However, in case the Company has got extension for holding Annual General Meeting under Section 96 (1) of the Act then e-form CRA-4 may be filed within resultant extended period of filing financial statements under Section 137 of the Act {proviso to Rule 6 (6) of the Companies (Cost Records and Audit) Rules, 2014}. 

Complete circular attached