MCA Form CRA-2: Intimation of Cost Auditor Appointment to Central Government

MCA Form CRA-2: Intimation of Cost Auditor Appointment to Central Government. Section and Provision – 
Form CRA-2 is required to be filed pursuant to section 148(3) of The Companies Act, 2013 and rule 6(2) and 6(3A) of The Companies (cost records and audit) Rules, 2014.
Section 148(3):
The audit under sub-section (2) shall be conducted by a Cost Accountant in practice who shall be appointed by the Board on such remuneration as may be determined by the members in such manner as may be prescribed:
Also taken into note that no person appointed under section 139 as an auditor of the company shall be appointed for conducting the audit of cost records.
Rule 6 (2): 
Every company which mandatorily required to appoint cost auditor, shall file a notice of such appointment with the Central Government within a period of thirty days of the Board meeting in which such appointment is made or within a period of one hundred and eighty days of the commencement of the financial year, whichever is earlier, through electronic mode, in form CRA-2.
Rule 6(3A) 
Any casual vacancy in the office of a cost auditor whether due to resignation, death or removal, shall be filed by the Board of Directors within thirty days of occurrence of such vacancy and the company shall inform the Central Government in Form CRA-2 within thirty days of such appointment of cost auditor.
Purpose –
Every company covered under the Cost (record and audit) Rules, 2014 including all units and branches shall: -

maintain cost records as per the requirements of CRA-1

require appointing cost auditor shall appoint such cost auditor within one hundred and eighty days from the commencement of the financial year.

The purpose of the form is informing the Central government about appointment of cost auditor in company.
Key Information –

The Form is available in V2 portal of MCA.

The Form will be auto approved under straight through processing mode.

Document Required-
Mandatory Attachments: -

Copy of Board resolution of the company

Optional attachment(s), if any
Timeline-
In case of original filing

Within 30 days of the date of board meeting or 180 days of the start of the financial year, whichever is earlier.

In case of filing due to casual vacancy

Within 30 days of the date of board meeting , which is the earliest date from the appointments made due to casual vacancy.

Fees-
Normal filing fee 
In case of company having share capital:

Nominal Share Capital (INR)

Fee Applicable (INR)

Less than 1,00,000

200

1,00,000 to 4,99,999

300

5,00,000 to 24,99,999

400

25,00,000 to 99,99,999

500

1,00,00,000 or more

600

Fees (In case company having share capital) - INR 200 per document
Additional Fees in case of delay in filing of webforms

Period of Delay

Additional Fee Applicable (INR)

Up to 30 days

2 times of normal filing fees

More than 30 days and up to 60 days

4 times of normal filing fees

More than 60 days and up to 90 days

6 times of normal filing fees

More than 90 days and up to 180 days

10 times of normal filing fees

More than 180 days

12 times of normal filing fees

MCA Help-Kit

Section and Provision –

Form CRA-2 is required to be filed pursuant to section 148(3) of The Companies Act, 2013 and rule 6(2) and 6(3A) of The Companies (cost records and audit) Rules, 2014.

Section 148(3):

The audit under sub-section (2) shall be conducted by a Cost Accountant in practice who shall be appointed by the Board on such remuneration as may be determined by the members in such manner as may be prescribed:

Also taken into note that no person appointed under section 139 as an auditor of the company shall be appointed for conducting the audit of cost records.

Rule 6 (2):

Every company which mandatorily required to appoint cost auditor, shall file a notice of such appointment with the Central Government within a period of thirty days of the Board meeting in which such appointment is made or within a period of one hundred and eighty days of the commencement of the financial year, whichever is earlier, through electronic mode, in form CRA-2.

Rule 6(3A)

Any casual vacancy in the office of a cost auditor whether due to resignation, death or removal, shall be filed by the Board of Directors within thirty days of occurrence of such vacancy and the company shall inform the Central Government in Form CRA-2 within thirty days of such appointment of cost auditor.

Purpose –

Every company covered under the Cost (record and audit) Rules, 2014 including all units and branches shall: -

maintain cost records as per the requirements of CRA-1
require appointing cost auditor shall appoint such cost auditor within one hundred and eighty days from the commencement of the financial year.

The purpose of the form is informing the Central government about appointment of cost auditor in company.

Key Information –

The Form is available in V2 portal of MCA.
The Form will be auto approved under straight through processing mode.

Document Required-

Mandatory Attachments: -

Copy of Board resolution of the company

Optional attachment(s), if any

Timeline-

In case of original filing

Within 30 days of the date of board meeting or 180 days of the start of the financial year, whichever is earlier.

In case of filing due to casual vacancy

Within 30 days of the date of board meeting , which is the earliest date from the appointments made due to casual vacancy.

Fees-

Normal filing fee

In case of company having share capital:

Nominal Share Capital (INR)	Fee Applicable (INR)
Less than 1,00,000	200
1,00,000 to 4,99,999	300
5,00,000 to 24,99,999	400
25,00,000 to 99,99,999	500
1,00,00,000 or more	600

Fees (In case company having share capital) - INR 200 per document

Additional Fees in case of delay in filing of webforms

Period of Delay	Additional Fee Applicable (INR)
Up to 30 days	2 times of normal filing fees
More than 30 days and up to 60 days	4 times of normal filing fees
More than 60 days and up to 90 days	6 times of normal filing fees
More than 90 days and up to 180 days	10 times of normal filing fees
More than 180 days	12 times of normal filing fees

MCA Form CRA-2: Intimation of Cost Auditor Appointment to Central Government

Section and Provision –

MCA Help-Kit

Share this article:

Search more articles:

You may also like