Recent Extension for filing CRA-4 with MCA
The Ministry of Corporate Affairs (MCA) has yet again extended the deadline for filing Cost Audit report for the financial year 2019 – 2020. In a recent update released on 01 December, 2020, MCA announced relaxations for filing CRA – 4 due to the consistent impact created by the pandemic.
MCA Extends CRA-4 filing
The MCA also briefly explained that if the cost auditor submits the cost audit report to the Board of directors of the companies by 31 December, 2020, then it shall not be considered a violation according to rule 6(5) of Companies (Cost Record and Audit) Rules,2014. Previously it was to be submitted by auditors to the Board latest by 30 November, 2020.
The rest of the requirements remain unchanged, which is that the cost audit report for the financial year ended on 31 March, 2020 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.
In case a company has availed extension of time for holding Annual General Meeting, then e-form CRA-4 may be filed within timelines under the proviso to rule 6(6) of the Companies (Cost Records and Audit) Rules, 2014.
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