9911796707
TMI BlogAppointment of Cost Auditor by CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... To, The President, Institute of Cost and Works Accountants of India, 12, Sudder Street, Kolkata 700 016 Subject: Appointment of Cost Auditor by Companies Sir, In continuation of the General Circular No. 15/2011 dated 11th April 2011 , Ministry hereby makes the following changes: (a) The company shall, within thirty days from the date of approval by MCA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Accordingly, e-forms 23C and 23D are being modified to capture such details. (d) In case of change of cost auditor for reasons other than death of the existing cost auditor, companies are required to file fresh e-form 23C with applicable fee additional fee, clearly specifying the reasons of change. In case of change due to resignation of the existing cost auditor, e-form 23C should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m, the partner so appointed or any other partner of the same firm is allowed to complete the audit submit cost audit report subject to his total numbers not exceeding the limit specified in section 224(1-B). 2. MCA is regularly receiving requests from the companies and cost auditors for making corrections in the e-forms 23C 23D in respect of minor typographical errors or other mistakes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t auditor contravenes any provisions of this circular, the company and every officer thereof who is found to be in default, and the cost auditor in case he is in default, shall be punishable as per applicable provisions of the Companies Act, 1956. 4. The modifications contained in this circular shall be effective from the financial year commencing on or after the 1st day of January, 2013. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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