Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013

Last updated: 11 September 2020

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The Ministry of Corporate Affairs has extended the deadline for filing the Cost Audit Report (e-form CRA-4) for the financial year 2019-20. This extension is due to disruptions caused by the COVID-19 pandemic. Companies can now submit their cost audit reports by 30th November 2020 without incurring additional fees or being considered in violation of regulations. The report should be filed within 30 days of the company receiving it, 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: Relaxation of additional fees and extension of last date of filing of CRA-4 (form for filing of cost audit report) for FY 2019-20 under the Companies Act, 2013 -reg.

Sir/Madam,

Representations have been received from various stakeholders for extension of last date of filing of CRA-4 (form for filing of cost audit report) due to impact of COVID-19 pandemic.

2. 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.

3. This issues with the approval of the competent authority.

Yours faithfully,

(Atma Sah)

Deputy Director

Copy forwarded for information and necessary action to:‑

1. E-Governance Section

2. Guard File.

FAQ :

The last date for filing the cost audit report (e-form CRA-4) for the financial year 2019-20 has been extended to 30th November 2020.

The deadline has been extended due to the extraordinary disruption caused by the COVID-19 pandemic, as representations were received from various stakeholders.

No, if the cost audit report for FY 2019-20 is submitted by 30th November 2020, it will not be viewed as a violation and no additional fees will be applied.

The cost audit report for the financial year ended 31st March 2020 should 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.

Yes, if a company has availed 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.