Cost records compliance report disclosure in directors repor
This query is : Resolved
Gargi Ranade
(Querist)
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
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
(Expert)
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
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
(Expert)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Gift to nri relatives residing in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
