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TMI BlogAppointment of Cost Auditor by CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 of the application made to the Central Government in the prescribed Form 23C see ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 be accompanied by the resignation letter of the existing cost auditor. In case of change due to the ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 such as incorrect financial year, incorrect name of the cost auditor or the cost audit firm, incorrect PAN number, inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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. 5. The Institute is requested to bring this to the general information of all Members in practice, and of the corporate sector. Your ..... X X X X Extracts X X X X X X X X Extracts X X X X
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