Though Companies Act mandated the maintenance of Cost Records and Cost Audit for companies fulfilling certain criteria, however, the companies used to ignore the mandate by simply mentioning in the Director's Report and CARO report that Section 148 is not applicable.
source https://www.caclubindia.com/articles/notices-for-non-appointment-of-cost-auditors-for-2017-18-being-issued-by-cost-audit-branch-of-mca-47163.asp
source https://www.caclubindia.com/articles/notices-for-non-appointment-of-cost-auditors-for-2017-18-being-issued-by-cost-audit-branch-of-mca-47163.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback