The weekly messenger | Edition 34.20
This newsletter is a weekly compilation of accounting, auditing and related regulatory news from different accounting and regulatory bodies in India and overseas.
REGULATORY NEWS
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- 10 September 2020
The Ministry of Corporate Affairs has extended the date of submission of cost audit report for the Financial Year (FY) by the cost auditor to the Board of Directors of the Company till 30 November 2020. Consequently, the same 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, if any Company has availed extension of time for holding Annual General Meeting (AGM), then 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.
For more information, click here.
Extension of time for holding of AGM for the FY ended on 31 March 2020 – 12 September 2020
The Institute of Company Secretaries of India has issued a notification, wherein it has clarified that all the Registrar of Companies (ROCs) have issued Orders dated 8 September 2020 allowing the extension of time for holding AGM for the FY ended on 31 March 2020, without requiring the companies to file applications for seeking such extension by filing prescribed form GNL-1.
For more information, click here.
Automation of Continual Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 - System driven disclosures – 9 September 2020
The Securities and Exchange Board of India (SEBI) has issued a circular with respect to system driven disclosures in equity shares and equity derivative instruments i.e. Futures and Options of the listed company (wherever applicable) by the entities under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
For more information, click here.