MCA extends Last date of filing of Cost Audit Report to Board of Directors under rule 6(5) of the Companies (Cost record and Audit) rules

The Ministry of Corporate Affairs (MCA) has vide General Circular 15/2021 Dt. 27.09.2021 decided to extend the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014.

The Ministry has received the representations from various stakeholders for extension of the last date of filing of Cost Audit Report to the Board of Directors under Rule 6(5) of the Companies (Cost Records and Audit) Rules, 2014 due to the impact of the COVID-19 pandemic.

In view of the extraordinary disruption caused due to the pandemic, It has been decided that if a cost-audit report for the financial year 2020-21 by the cost auditor to the Board of Directors of the companies is submitted by 31st October 2021 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 2021 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 got an extension of time for holding Annual General Meeting under section 96(1) of the Act 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.

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