Maintenance of books of cost accounts as per Cost Accounting Records Rules.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Cost Accounting Records Rules. Sir, It has been brought to the notice of this Department that many of the companies for which maintenance of books of accounts have been made mandatory under Section 209(1)(d) of the Companies Act, 1956 and Cost Accounting Records Rules prescribed, have failed to keep such books of accounts in the manner indicated thereunder. It may be mentioned that books of cost .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... so that necessary action as prescribed under the Act/Rules against such company could be initiated simultaneously. If the Cost Auditor fails to bring to the notice of the Government about the non-maintenance/non-submission of books of cost accounts by the company as stated above, action would be taken against the cost auditor by the Government under the relevant provisions of the Act/Rules issued .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X