The government issued revised forms for companies’ statutory filings on the appointment of cost auditors and for the cost audit reports while deadlines have also been extended for such submissions.
MCA issues amended Companies (cost records and audit) Rules, 2015 dated 12th June 2015. In the said rules, MCA has notified the revised e-forms CRA-2 and CRA-4 for compliance under the new Companies Act.
Form CRA-2 is for intimating the Central Government for the appointment of Cost Auditor while Form CRA-4 is for filing the Cost Audit Report.
Time limit for filing the said forms:
- CRA-2: Within a period of 30 days of the Board Meeting in which such appointment is made; or within a period of 180 days of the commencement of the Financial Year whichever is earlier
- CRA-4: Within a period of 30 days from the date of receipt of copy of cost audit report.
Considering the delay in availability of revised forms the ministry has extended the time limit for both the forms, waiving off the additional fees on account of such delay vide a separate circular No 08/2015 dated 12th June 2015.
The time limit to file CRA-2 for FY 2015-16 is extended until 30th June 2015. Whereas the time limit to file CRA-4 for FY 2014-15 is extended until 31st August 2015.
Reference links:
Companies Cost Records and Audit Rules 2015
General Circular 8, 2015
