MCA Extends Implementation Of Mandatory Audit Trail Of Companies’ Accounts Till 1st April 2022

Please see below the excerpt from the notification issued by MCA on Companies (Accounts) Second Amendment Rules, 2021:

1Notification date05.03.2021
2SubjectCompanies (Accounts) Second Amendment Rules, 2021
3Effective dateThey shall come into force w.e.f 01.04.2021.
4ApplicabilityAs per notification attached
  5 Brief descriptionThe Ministry of Corporate Affairs vide its notification dated 1st April 2021 has published the Companies Accounts second Amendment Rules, 2021 in which it has extended the date of implementation of rule 3(1) making it mandatory for companies using accounting software for maintaining their books to use software that allows to record audit trail of each and every transaction. This is now made applicable from 1st April 2022  instead of earlier 1st April 2021.


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