MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 24th March, 2021
G.S.R. 205(E).—In exercise of the powers conferred by section 134 read with section 469 of the
Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to
amend the Companies (Accounts) Rules, 2014, namely:-
1. Short title and commencement.- (1) These rules may be called the Companies (Accounts) Amendment Rules, 2021.
(2) They shall come into force with effect from the 1st day of April 2021.
2. In the Companies (Accounts) Rules, 2014,-
(1) in rule 3, in sub-rule (1), the following provision shall be inserted, namely:-
“Provided that for the financial year commencing on or after the 1st day of April, 2021, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an
edit log of each change made in books of account along with the date when such changes were made and
ensuring that the audit trail cannot be disabled.”
(2) in rule 8, in sub-rule (5), after clause (x), the following clauses shall be inserted namely:-
“(xi) the details of application made or any proceeding pending under the Insolvency and
Bankruptcy Code, 2016 (31 of 2016) during the year alongwith their status as at the end of the financial year.
(xii) the details of difference between amount of the valuation done at the time of one time
settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the
reasons thereof.”
[F. No. 1/19/2013-CL-V-Part III]
K.V.R. MURTY, Jt. Secy.
Note: The principal notification was published in the Gazette of India vide notification number G.S.R.
239(E), dated 31st March, 2014 and was last amended vide notification number G.S.R. 60 (E), dated the 30th
January, 2020.