Mandatory compliance requirements postponed

Accounting Software with Audit Trail:

All companies are now required to maintain accounting system, which has audit trail. The Govt. has amended Companies (Audit & Auditors) Rules 2014. Requirement, which the companies were earlier required to comply effective 1-4-2022, now need to comply with the same effective 1-4-2023. Thus the Govt. has relaxed this requirement and it is now required to be complied effective FY 23-24.

CSR Form 2 filing requirement postponed to 31^st May 2022

CSR Form 2 for FY 2020-21 was required to be filed by 31-3-2022, however realizing this being first year, companies require more time to work on it, the Govt. has postponed it by another 60 days to 31^st May 2022.

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