MCA Extends date for confirming audit trail use in Auditors report and due date for filing Form CSR-2

MCA amends Companies (Accounts) Rules, 2014 to inter alia provide that:

• For financial year commencing on or after April 1, 2023 (earlier April 1, 2022), every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording ‘audit trail’ of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.
• Further MCA extends the date for separate filing of Form CSR-2 (CSR Report) for financial year 2020-21, from March 31, 2022 to May 31, 2022.