MCA has further deferred the applicability of the Companies Auditor’s Report Order (CARO) 2020 from FY 2020-21 to 2021-22, i.e. CARO 2020 shall be applicable in respect of financial years beginning with 01/04/2021 and onwards, as deferred by MCA.
Earlier, MCA had deferred applicability of the Companies Auditors’s Report Order (CARO) 2020 from FY 2019-20 to 2020-21, as part of special measures/ relaxations due to COVID-19 outbreak.
In short CARO shall be applicable for Auditor’s Reports in respect of FY 2021-22 and onwards, as deferred from FY 2019-20/2020-21. 
MCA Order dt. 19/12/2020: CARO 2020 Applicability Timeline further Extended to FY 2021-22
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 25/02/2020 and was subsequently amended vide number S.O. 1219 (E), dated 24/03/2020.
Related MCA Orders:
MCA Order dt. 24/03/2020: CARO 2020 Applicability Timeline Extended to FY 2020-21
MCA Order dt. 25/02/2020: MCA notifies the Companies Auditor’s Report Order (CARO) 2020 to amend/ supersede the reporting requirements envisaged in CARO, 2016 and to prescribe certain new reporting requirements. CARO 2020 is notified as applicable from Financial Year 2019-20, however, MCA has subsequently deferred applicability thereof to FY 2021-22.
MCA Order dt. 29/03/2016 : MCA notifies ‘Companies Auditor’s Report Order (CARO), 2016’ to amend/ supersede the reporting requirements envisaged in CARO, 2015.
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