Corporate and Other LawsMCQQuestion 12565 of 300
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Under Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014, the cost auditor shall submit his cost audit report to the Board of Directors within how many days from the closure of the financial year?

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — Within 180 days from the closure of the financial year in Form CRA-3

All Options:

  • AWithin 180 days from the closure of the financial year in Form CRA-3 ✓
  • BWithin 90 days from the closure of the financial year in Form CRA-3
  • CWithin 60 days from the closure of the financial year in Form CRA-3
  • DWithin 120 days from the closure of the financial year in Form CRA-3

Detailed Solution & Explanation

Correct Answer: Option **A** (Within 180 days from the closure of the financial year in Form CRA-3) **Statutory Provision (Section 148 - Central Government to Specify Audit of Cost Records):** Rule 6(5) provides that the cost auditor shall submit his cost audit report within a period of one hundred and eighty days from the closure of the financial year to the Board of Directors in Form CRA-3. Therefore, Option A is the correct legal position under the ICAI curriculum.

More Questions from Corporate and Other Laws

Under Section 77(1) of the Companies Act, 2013, within what initial statutory period must a company register a charge created on its property or assets with the Registrar of Companies (ROC)?

Under Rule 3(3) of the Companies (Acceptance of Deposits) Rules, 2014, what is the maximum aggregate limit of deposits that an eligible public company can accept from its members and the public?

Which of the following is a requirement for a company to buy back its securities under the Companies Act, 2013?

What is the tax treatment of buyback of shares by an unlisted company?

Explain the concept of differential rights and its significance in the context of buyback of securities.

What are the legal provisions governing the buyback of securities by a company in India?

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