The last date of filing of CRA-4 (form for filing of the cost audit report) for FY 2019-20 under the Companies Act, 2013 has been extended by the Ministry of Corporate Affairs (MCA) and also additional fees is relaxed for the same.

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Ministry of Corporate Affairs (MCA) published a notification in which it said, “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 a 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 (AGM) 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”.

The company is to submit to the Government of India the Cost Audit Report after it gets received by them from the Cost auditors in the prescribed Form CRA-4.

With Warm Regards,

CL Bureau.

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