Audit trail Requirement deferred to 1st April 2022

As per notification number G.S.R. 205(E) dated 24th March 2021 Companies required to use software with an audit trail of each transaction. This requirement has been deferred to 1st April 2022.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, the 1st April 2021

G.S.R247(E).-In exercise of the powers conferred by section 134 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. (1) These rules may be called the Companies (Accounts) Second Amendment Rules, 2021.

(2) They shall come into force with effect from the 1st day of April 2021.

2. In the Companies (Accounts) Rules, 2014, in the proviso to sub-rule (1) of rule 3, for the figures, letters and words “l st day of April 2021 “, the figures, letters, and words “1st day of April 2022” shall be substituted.

[F. No. 1/19/2013-CL-V-Part III]

K.V.R. Murty
Joint Secretary to the Government of India

Note: The principal rules were published in the Gazette of India vide notification number G.S.R. 239(E), dated 31st March, 2014 and were last amended vide notification number G.S.R. 205(E), dated the 24th March, 2021.