MCA:
MCA has issued clarification on the Companies (Cost Records and Audit) Rules, 2014. Considering delay in availability of Form CRA-2 on the MCA website, Ministry has decided to extend the date of filing of the said Form without any penalty/late fee up to 31st January, 2015. Form CRA-2 will be made available on the MCA website soon and some of the companies have filed Form 23C for appointment of Cost Auditor for the financial year 2014-15 are not required to file form CRA-2 afresh for the financial year 2014-15.
SEBI:
SEBI has decided to enable a Consolidated Account Statement (CAS) of all the investments of an investor in Mutual Funds (MF) and securities held in demat form with the Depositories. Consolidation of account statement shall be done on the basis of PAN. In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis. The AMCs /MF-RTAs shall provide the data with respect to the common PANs to the depositories within three days from the month end. The depositories shall then consolidate and dispatch the CAS within ten days from the month end. The CAS shall be implemented from the month of March 2015 with respect to the transactions carried out during the month of February 2015.
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