Cost Audit Report to be discussed in the Audit Committee to be constituted under section 292A of the Companies Act, 1956.

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..... 5th Floor, A Wing, Dr. R.P. Road, New Delhi-110001. Dated: 18th March, 2002 Subject: Cost Audit Report to be discussed in the Audit Committee to be constituted under section 292A of the Companies Act, 1956. ****** 1. A new section 292A has been introduced in the Companies Act, 1956 through Companies (Amendment) Act, 2000 pursuant to which every company having paid up c .....

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..... section 233B of the Companies Act, 1956 shall be discussed in the Audit Committee has been examined in this Department. 4. It has been already clarified in Departmental Circular No. 6/2001 dated 20.08.2001 that the term auditors includes Cost Auditor and hence scope of audit including observations of the auditors occurring in the above sub-section includes the scope of audit including obs .....

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