The Ministry of Corporate Affairs (MCA) has announced an extension for filing the CRA-4 form, which is used for submitting cost audit reports. This decision was made in response to the disruptions caused by the COVID-19 pandemic. Companies now have until 30th November 2020 to submit their cost audit reports for the financial year 2019-20 without facing penalties for violating Rule 6(5). The CRA-4 form must then be filed within 30 days of the company receiving the report, unless an extension for the Annual General Meeting has been granted.
General Circular No.29/2020
File No: 17/52/2020-CL-V
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
5th Floor, A Wing Shastri Bhawan,
Dr. R.P. Road, New Delhi
Dated:- 10th September, 2020
To
All Regional Directors,
All Registrars of Companies,
All Stakeholders.
Subject: Relax
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FAQ :
The CRA-4 form is used for filing the cost audit report by companies.
The deadline has been extended due to the extraordinary disruption caused by the COVID-19 pandemic.
The cost audit report for the financial year 2019-20 must be submitted by 30th November 2020.
The e-form CRA-4 should be filed within 30 days from the date the company receives the cost audit report.
Yes, if a company has received an extension for holding its Annual General Meeting, the 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.