Companies Cost Records and Audit Rules Updated with Revised CRA-2 and CRA-4 Forms Under Sections 469(1), 469(2), and 148

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....The MCA issued an amendment to the Companies (Cost Records and Audit) Rules, 2014, effective 14 July 2025. The amendment modifies forms CRA-2 and CRA-4 in the existing rules' Annexure, utilizing powers under sections 469(1), 469(2), and 148 of the Companies Act, 2013. The amendment introduces updated regulatory compliance requirements for cost records and audit documentation, signaling incremental administrative modifications to enhance corporate financial reporting standards. The notification was issued by the Joint Secretary and published as a statutory instrument with prospective implementation.....