Audit trail w.e.f 1st April 2022

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART II, SECTION 3,SUB-SECTIO(i)]

 

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

NEW DELHI, the 24 March, 2021

G.S.R………..(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. Short title and commencement,-(1) These rules may be called the companies (accounts) Amendment Rules,2021.

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

  1. In the companies (accounts) Rules,2014,-

(1) in rule 3, in sub-rule (1),the following proviso shall be inserted, namely:-

“ Provided that for the financial year commencing on or after the 1st day of April,2021,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 long 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.”

(2) in rule 8,in sub -rule (5), after clause(x), the following clauses shall be inserted:-

“(xi) the details  of application made or any proceeding pending under the Insolvency and Bankruptcy  Code, 2016(31 of 2016) during the year along with their status as the and of the financial year.

(xii) the details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking long form the Banks or Financial Institutions along with the reasons there of.”

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

K.V.R. Murty,

Joint secretary to the Government of India

Note :The principal notification was published in the Gazette of India vide notification number G,S,R, 239(E), dated 31st march,2014 and was last amended vide notification number G.S.R.60(E), Dated the 30th january,2020.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART II, SECTION 3,SUB-SECTIO(i)]

 

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

NEW DELHI, the 1st  April, 2021

G.S.R. ……………. (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 form the 1st day of apirl,2021.

 

  1. In the Companies (Accounts ) Rules,2014, inn proviso to sub -rule (1) of rule 3, for the figures, Letters and words”1st 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 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.

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