The Ministry of Corporate Affairs vide its notification dated 29th October 2021 has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 to 31st November 2021, due to the disruption caused by the COVID-19 pandemic.
If a cost-audit report for the financial year 2020-21 by the cost auditor to the Board of Directors of the companies is submitted by 31st November then the same would not be viewed as a violation of rule 6(5) of Companies (cost records and audit) Rules, 2014.
Therefore, the cost audit report for the financial year ended on March 31, 2021 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. However, in case a company has got an extension of time for holding Annual General Meeting under section 96(1) of the Act then e-form CRA-4 may be filed within the timeline provided under the proviso to rule 6(6) of the Companies (Cost Records and Audit) Rules, 2014.
