MCA defers timelines for Audit Trail Requirement/ CSR-2 Filing

MCA has notified the Companies (Accounts) Second Amendment Rules, 2022 to further defer the date of applicability for the requirement relating to Audit Trail feature in the Accounting Software from 01/04/2022 to 01/04/2023. Further, MCA has extended the timeline for filing of Form CSR-2 for FY 2020-21 from 31/03/2022 to 31/05/2022.

Earlier MCA had, vide Notification dt. 01/04/2021 – Companies (Accounts) Second amendment Rules, 2021, deferred the requirement of full audit trail from FY 2021-22 to FY 2022-23, prescribed in Notification dt. 24/03/2021 – Companies (Accounts) Amendment Rules, 2021. Further, MCA had, vide Notification dt. 11/02/2022 – Companies (Accounts) Amendment Rules 2022, inserted new rule 12(1B) to prescribe a new requirement in the case of every company, covered u/s 135(1), to furnish its Annual CSR Report in Form CSR-2 to the ROC from FY 2020-21 onwards as an addendum to Form AOC-4 and the last date for filing of CSR-2 for FY 2020-21 being 31/03/2022.

MCA Notification dt. 31/03/2022: MCA notifies the Companies (Accounts) Second Amendment Rules, 2022 to defer timelines for Audit Trail Requirement/ CSR-2 Filing

MCA defers timelines for Audit Trail Requirement/ CSR-2 Filing

G.S.R. 235(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, 2022.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Accounts) Rules, 2014,-

(i) in the proviso to sub-rule (1) of rule 3, for the figures, letters and words “1st day of April, 2022”, the figures, letters and words “1st day of April, 2023” shall be substituted;

(ii) in the proviso to sub-rule (1B) of rule 12, for the figures, letters and word “31st March, 2022”, the figures, letters and word “31st May, 2022” shall be substituted.

Note: The principal rules were published in the Gazette of India vide number G.S.R. 239(E), dt. 31/032014 and was subsequently amended vide notifications number G.S.R. 723(E), dt. 14/102014, G.S.R. 37(E), dt. 16/012015, G.S.R. 680(E), dt. 04/09/2015, G.S.R. 742(E), dt. 27/07/2016, G.S.R. 1371(E), dt. 07/11/2017, G.S.R. 191(E), dt. 27/02/2018, G.S.R. 725(E), dt. 31/07/2018, G.S.R. 803 (E), dt. 22/10/2019, G.S.R. 60(E), dt. 30/01/2020, G.S.R. 205(E), dt. 24/03/2021, G.S.R. 247(E), dt. 01/04/2021 and G.S.R. 107(E), dt. 11/02/2022.

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