{"id":17449,"date":"2020-12-04T16:12:10","date_gmt":"2020-12-04T10:42:10","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=17449"},"modified":"2023-03-18T14:30:37","modified_gmt":"2023-03-18T09:00:37","slug":"mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/","title":{"rendered":"MCA Decides to Relax Additional Fees and Extend the Last Date of Filing of Form CRA-4"},"content":{"rendered":"\n<p>The Ministry of Corporate Affairs (MCA) by way of the <strong>General Circular No 38\/ 2020<\/strong>, issued on <strong>01.12.2020<\/strong>, provided <strong>relaxation on additional fees required<\/strong> for <strong>filing Form CRA 4<\/strong> under the provisions of the <strong>Companies Act 2013<\/strong>. Also, it has <strong>extended the last date of filing<\/strong> the said form for the <strong>Financial Year 2019 \u2013 2020<\/strong>.<\/p>\n\n\n\n<p>Further, the said circular was in continuation to the <strong>General Circular No 29\/ 2020<\/strong> issued by MCA on <strong>10.09.2020<\/strong>.<\/p>\n\n\n\n<p>In this blog, we will discuss the concept of the Form CRA 4, together with the consequence of the <strong>General Circular No 38\/ 2020<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a61fe3cb54\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a61fe3cb54\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/#Concept_of_Form_CRA_4\" title=\"Concept of Form CRA 4\">Concept of Form CRA 4<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/#Need_for_Issuing_General_Circular_No_382020\" title=\"Need for Issuing General Circular No 38\/2020\">Need for Issuing General Circular No 38\/2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/#What_if_Company_Extends_the_Time_for_Holding_AGM\" title=\"What if Company Extends the Time for Holding AGM?\">What if Company Extends the Time for Holding AGM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/mca-decides-to-relax-additional-fees-and-extend-the-last-date-of-filing-of-form-cra-4\/#General_Circular_No_382020\" title=\"General Circular No 38\/2020\">General Circular No 38\/2020<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Form_CRA_4\"><\/span>Concept of Form CRA 4<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term \u201c<strong>Form CRA 4<\/strong>\u201d denotes an MCA Form for Filing Cost Audit Report with the government. The said form is filed by the company (whether <strong><a class=\"text-primary\" href=\"https:\/\/swaritadvisors.com\/private-limited-company-registration\">Private Limited<\/a><\/strong> or Public Limited) within thirty days on the receipt on the Audit Report from the Cost Auditors.<\/p>\n\n\n\n<p>Further, the provisions of section 148 (6) of the <strong>Companies Act 2013<sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong>, together with rule 6 (6) of the Companies (Cost Records and Audit) Amendment Rules 2019 governs this MCA form.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Need_for_Issuing_General_Circular_No_382020\"><\/span>Need for Issuing General Circular No 38\/2020<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The main\nreason behind the issuance of General Circular No 38\/ 2020 was to provide\nrelief to various stakeholders, who have sent representations regarding the\nextension of the due date for filing Form CRA 4 due to impact of the COVID 19\noutbreak.<\/p>\n\n\n\n<p>As a result,\nMCA has declared that the last date for furnishing the Cost Audit Report by the\nCost Auditors to the Board of Directors has been extended to 31.12.2020 from\n30.11.2020. Also, the same will not be in violation to rule 6 (5) of the\nCompanies (Cost Records and Audit) Amendment Rules 2019.<\/p>\n\n\n\n<p>Accordingly, the CAR (Cost Audit\nReport) for the Financial Year 2019 \u2013 2020, which ended on 31.03.2020, will be\nsubmitted by the company in E-form CRA 4 within 30 days from the receipt of the\nsaid report.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_if_Company_Extends_the_Time_for_Holding_AGM\"><\/span>What if Company Extends the Time for Holding AGM?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In case a company extends the time period for\nholding AGM (Annual General Meeting) for the said financial year, then, in that\ncase, the said company can file MCA Form CRA 4 within the prescribed time\nframe. Also the same should be in accordance with Rule 6 (6) of Companies (Cost\nRecords and Audit) Amendment Rules 2019.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the main aimof issuing General Circular\nNo 38\/ 2020 was to give some relief to the stakeholders of various levels, who\nhave sent their representations regarding the extension of the due date for\nfiling Form CRA 4 due to impact of the COVID 19 outbreak.<\/p>\n\n\n\n<p>Further, in case of any other doubt and query, reach\nout to Swarit Advisors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"General_Circular_No_382020\"><\/span>General Circular No 38\/2020<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/12\/General-Circular-No.38-2020.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">General-Circular-No.38-2020<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/company-auditors-report-order-caro-2016\/\">Company Auditor\u2019s Report Order (CARO), 2016-Reporting Requirements<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs (MCA) by way of the General Circular No 38\/ 2020, issued on 01.12.2020, provided relaxation on additional fees required for filing Form CRA 4 under the provisions of the Companies Act 2013. Also, it has extended the last date of filing the said form for the Financial Year 2019 \u2013 [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":17451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[380,1],"tags":[1028],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/17449"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=17449"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/17449\/revisions"}],"predecessor-version":[{"id":19093,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/17449\/revisions\/19093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/17451"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=17449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=17449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=17449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}