MCA extends implementation of mandatory audit trail of companies’ accounts till 1st April 2022.

The 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 till 1st April 2022.

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