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The Community Reinvestment Act: CRA 1 | Download Free Templates
Team Lawyered
1. What is Form CRA 1?
As per the Companies Act, 2013, every company registered shall appoint a cost auditor to audit the cost accounts of the company within a period of 180 days from the beginning of the financial year. It shall be appointed by the board of directors on the recommendations of the committee. Every company has to maintain cost records for each of its financial years in Form CRA-1 on a regular basis which can be monthly/ half-yearly/ quarterly/ annual basis irrespective of its units or branches.
2. Why is it important?
CRA 1 prescribes the format in which the company is required to maintain its cost records.
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Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.