Comparative Statement showing Original Rules 2014 i.e. Companies (cost records and audit) Rules,2014 vis-a-vis Amendment Rules 2016 i.e. Companies (cost records and audit) Amendment Rules, 2016issued on 14th July 2016

Notes:

  • All additions are shown in red and deletions are shown in blue.
  • Entire Rules are not given; only changes have been highlighted
S. No.Original ProvisionRevised ProvisionCETA HeadingRemarks
Table A (Regulated Sectors)
1.

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997);

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997); including activities that requires authorization or licence issued by Department of Telecommunication, Government of India under Indian Telegraph Act, 1885.

Not applicableSince telecommunication includes broadcasting services; hence words “other than broadcasting services” have been deleted.

The amendment now includes all such activities that require authorization or licence issued by the Department of Telecommunication, Government of India under Indian Telegraph Act, 1885.

This is in line with FAQ No. 1.15 of FAQs-1 issued by the Institute on 19th March 2015.

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