MCA has further deferred applicability of the Companies Auditor’s Report Order (CARO) 2020 from FY 2019-20/ 2020-21 to 2021-22, i.e. CARO 2020 shall be applicable in respect of financial years beginning with 1st April 2021 onwards, as deferred by MCA. In short CARO applicability for FY 2019-20/ 2020-21 has been deferred to FY 2021-22.
MCA Order dt. 19 Dec. 2020: CARO 2020 Applicability Timeline further Extended to FY 2021-22 >> View/ Download
S.O. 4588(E).- In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Order further to amend the Companies (Auditor’s Report) Order, 2020, namely:-
1. Short title, application and commencement. – (1) This Order may be called the Companies (Auditor’s Report) Second Amendment Order, 2020. (2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Companies (Auditor’s Report) Order, 2020, in paragraph 2, for the figures, letters and word “1st April, 2020”, the figures, letters and word “1st April, 2021” shall be substituted.
Note: The principal order was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), vide number S.O. 849(E), dated the 25th February, 2020 and was subsequently amended vide number S.O. 1219 (E), dated the 24 March, 2020.
MCA Order dt. 24 March 2020 (Extension to FY 2020-21): View/ Download
MCA Order dt. 25 Feb. 2020 (CARO 2020 > applicable from FY 2019-20): View/ Download