The Ministry of Corporate Affairs (MCA) has extended the last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013.
The Ministry provided relaxation in additional fees of filing CRA-4. CRA-4 Form is used for filing the cost audit report.
According to MCA, if the cost auditor submits the cost audit report for the financial year 2019-20 in front of the Board of Directors of the companies by 30° November 2020 then it will not be considered as a violation of rule 6(5) of Companies (cost records and audit) Rules, 2014.
In a notification issued by MCA said that, “In view of the extraordinary disruption caused due to the pandemic, it has been decided that if cost audit report for the financial year 2019-20 by the cost auditor to the Board of Directors of the companies is submitted by 30th November, 2020 then the same would not be viewed as violation of rule 6(5) of Companies (cost records and audit) Rules, 2014. Consequently, the cost audit report for the financial year ended on 31st 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. However, in case a company has availed extension of time for holding Annual General Meeting 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”.