Cost records compliance report disclosure in directors repor

This query is : Resolved

Gargi Ranade (Querist)
Follow

30 June 2012 Dear all,

I am working with Pvt. Ltd. co. and weare required to file Compliance Certificate under Cost Accounting Record Rules 2011.

I understand that companies covered under Cost Accounting Records Rules 2011 need to submit the Compliance report within 180 days of end of F. Y.

Is it require to mention the details of such Compliance report in the Directors Report? Does such compliance is reflected anywhere in Boards Report.

I could not find any provision in this regard, but just want to make it sure???

Regards,

Gargi

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
Follow

30 June 2012 Dear Gargi,

Directors' Report does not contain any provision/clause as such.
However, the Statutory Audtors are required to report under CARO whether the company has made & maintained prescribed cost records or not.
The Statutory auditor can not comment on the statement unless the company has appointed a cost auditor and also, certificate of compliance with maintenance of cost records is given by the cost auditor

Message likes : 2 times

Rahul Jain

Rahul Jain (Expert)
Follow

19 September 2012 I Agree with Amit Sir......

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chnmaya parhi

NIKHIL GUPTA

Sabareesan S Venkatesh

Purav Dholakia

sinu kurian

Subscribe Now

Cost records compliance report disclosure in directors repor

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Manager- Finance and Compliance

Accountant

Senior Executive

GST CONSULTANCY