The Ministry of Corporate Affairs (MCA) has issued a notification dated December 31, 2024, extending the timeline for compliance with certain provisions under the Companies (Accounts) Rules, 2014.
As per G.S.R. 794(E), the Companies (Accounts) Second Amendment Rules, 2024, have amended Rule 12, sub-rule (1B). The fourth proviso now extends the deadline for companies to file Corporate Social Responsibility (CSR) reports from the earlier December 31, 2024, to March 31, 2025.
The amendment has been made under the powers granted by multiple sections of the Companies Act, 2013, including Sections 128, 129, 133, 134, 135, 136, 137, and 138, read with Section 469.
Official text of the notification is as follows
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 31st December, 2024
G.S.R. 794(E). In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub-section
(3) of section 129, section 133, section 134, sub-section (4) of section 135, sub-section (1) of section 136, section 137 and section 138 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:
1. Short title and commencement.
(1) These rules may be called the Companies (Accounts) Second Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Accounts) Rules, 2014, in rule 12, in sub-rule (1B), in the fourth proviso, for the words, figures
and letters "on or before 31st December 2024", the words, figures and letters "on or before 31st March, 2025" shall be substituted.
[F. No. 1/19/2013-CL-V Part IV-Part(1)]
BALAMURUGAN D, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 239(E), dated the 31st March, 2014 and was last amended vide notification number
G.S.R. 587(E), dated the 24th September, 2024.
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