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ROC Notice- Cost auditor's non appointment

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Aditi Gupta

Management Trainee

80 Points Posted on 15 December 2021

Has anyone else received notice from MCA stating that company was required to and have not appointed Cost auditor for FY 16-17 ? In our case, the products are not specified products and moreover the company is into trading and hence Cost record and audit wa never applicable. Can anybody suggest the way forward and what is the practice that is being followed for replying to the notice

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Quick Summary

A user has received a notice from the MCA regarding the non-appointment of a Cost Auditor for FY 16-17. They believe it's not applicable as their company is in trading and doesn't deal with specified products. They are seeking advice on how to respond to the notice and what the common practice is for such situations.