The Ministry of Corporate Affairs on 10th September 2020 has extended the due date for filing of Form CRA-4(form for filing of cost audit report) for the financial year 2019-20 under the Companies Act 2013.
The cost auditor shall now submit the cost audit report for the financial year 2019-20 in front of the Board of Directors of the companies by 30th November 2020 which shall not be considered as a violation of rule 6(5) of Companies (cost records and audit) Rules, 2014.
Consequently, the cost audit report for the financial year 2019-2020 which ended 31 March this year will be furnished in the e-Form CRA-4 in between 30 days from the date of receipt of the copy of the cost audit report by the company. However, if a company has extended the time for holding the Annual General Meeting, then the e-Form CRA-4 can be filed within the predefined timeline provided under the proviso to Rule of 6 (6) of the Companies Rules (Cost Records and Audit) Rules 2014.
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