Applicability of cost compliance and cost audit
This query is : Resolved
CS Raju Patro
(Querist)
28 June 2013
Dear Experts
Please tell me about the applicability of Cost Compliance report and cost audit in the following companies for the year 2011-12:-
1. A Company having Paid Up Capital of Rs. 206,388,000.00 and Turnover of Rs. 418,179,424.37
2. Company having a Paid up capital of Rs. 62,738,000.00 & Turnover of Rs. 196,233,061.00
Please tell me about the applicability of Cost Compliance report and cost audit in the following companies for the year 2011-12:-
1. A Company having Paid Up Capital of Rs. 206,388,000.00 and Turnover of Rs. 418,179,424.37
2. Company having a Paid up capital of Rs. 62,738,000.00 & Turnover of Rs. 196,233,061.00
CMA Ramesh Krishnan
(Expert)
28 June 2013
Mention the nature of the business also
CS Raju Patro
(Querist)
29 June 2013
Firs on is Iron ore manufactured Company and 2nd is MS ignot manufacturer
CMA Ramesh Krishnan
(Expert)
29 June 2013
Both the cases the Cost audit & cost compliance rules applicable since the net worth is exceeding Rs.5 crores
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