Appointment of Cost Auditor by Companies
Ministry of Corporate Affairs vide General Circular No. 36/2012 dated 6th November 2012, clarified some of the issues relating to e-form Nos 23C and 23D with respect to death of existing cost auditor, resignation or change of cost auditor and additional fee thereof etc. It clarifies the following issues:
Cost Audit Order dated 6th November 2012
Ministry of Corporate Affairs vide its Cost Audit Order No. 52/26/CAB-2010 dated 6th November 2012 superseded Cost Audit Orders dated 2nd May 2011, 3rd May 2011, 30th June 2011 and 24th January 2012 and directed all companies covered in Cost Accounting Records (Industry Specific) Rules 2011 and Companies (Cost Accounting Records) Rules 2011 are required to get the cost audit done under this cost audit order for the products or activities Groups given in Table-I and Table-2 respectively, in respect of each of its financial year commencing on or after the 1st day of January 2013, audited by a cost auditor.