The Ministry of Corporate Affairs [MCA] vide Notification Dated 31st March 2022, has extended the due date for applicability of Usage of accounting software having feature of recording audit trail. Earlier the due date was 1st April 2022. The same is now applicable from 1st April 2023. Along with this, the Due Date for filing Form CSR 2 has been extended to 31.05.2022.
Indian Companies are now required to submit a full report on their corporate social responsibility (CSR) efforts, with the Centre prescribing an 11-page form (CSR-2) for this purpose. It is expected to provide the government with a complete picture of CSR funding spent and activities completed. The due date for filing CSR-2 for information relevant to FY 2020-21 was 31st March 2022. The above relaxation is a major relief in Corporate Law Compliances and MCA has taken the decision taking into account requests received from various stakeholders.
