Applicability of Companies Cost Accounting Records Rules

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Sneha

Company Secretary

986 Points Posted on 19 January 2013

According to notification issued on 30th June, 2011 for Iron and steel industry, it is said that that the said notification is applicable to Companies to which Companies ( Cost Accounting Records) Rules, 2011 apply. And the applicability of said rules will be for the Companies who has been ordered by Central Government u/s 233B of Companies Act, 1956.

My query is will this rule apply to an unlisted Public Company which is engaged in manufacturing Of Iron & Steel and have turnover of more than 100 Crores (as CG has not prescribed the Cost Audit for the Company )

Please note auditor has given the certification that Cost Audit is not applicable under section 209 (1)(d) of Companies Act, 1956

Replies (2)

Sneha

Company Secretary

986 Points Posted on 28 January 2013

Originally posted by : Sneha Binani
	According to notification issued on 30th June, 2011 for Iron and steel industry, it is said that that the said notification is applicable to Companies to which Companies ( Cost Accounting Records) Rules, 2011 apply. And the applicability of said rules will be for the Companies who has been ordered by Central Government u/s 233B of Companies Act, 1956. My query is will this rule apply to an unlisted Public Company which is engaged in manufacturing Of Iron & Steel and have turnover of more than 100 Crores (as CG has not prescribed the Cost Audit for the Company ) Please note auditor has given the certification that Cost Audit is not applicable under section 209 (1)(d) of Companies Act, 1956

ACS Deepika Chowdhary

Company Secretary

149 Points Posted on 28 January 2013

Dear Sneha

Though I could not get your query exactly but if it is about the applicability of Cost Accounting Record Rules 2011 on unlisted company engaged in manufacturing and duly fulfilling the Networth or Turnover criteria, it is applicable to your Company. In case your query is other than what I have answered please revert.

Thanks & Regards

Deepika Chowdhary