Clause viii of caro

CLAUSE VIII OF THE CARO STATES THE MAINTAINANCE OF COST RECORDS U/S 209(1)(D) BY THE COMPANY IF PRESCRIBED BY THE GOVERNMENT.

MY QUESTION IS UNDER WHICH SECTION GOVT PRESCRIBED?

IN MY OPINION IF IT IS SEC. 233B THEN IT IS COMPULSORY TO MAINTAINS COST RECORDS IF THE ANY ONE OF THE FOLLOWING CONDITIONS SATISFIED.

1) IF IT IS LISTED ON THE STOCK EXCHANGE OR.

2) TURNOVER DURING THE P.Y EXCEEDS THE RS. 20.00 CRORES.

PLS TELL M AM I RIGHT ????

 

Replies (3)

3 condition :networth as on the last of preceeding fy exceeding Rs. 5 crores....

the powers conferred is by clause (b) of sub-section
(1) of section 642 read with sub-section (4) of section 233B, and sub-section (1) of section 227 of the Companies Act, 1956
.

 

Agree with satish .But the limit of 5 crore has increased to 20..Please confirm..!!

ok i know about all the three conditions

i thinks i m right sec 209(1)(d) is subject to sec 233b

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