Companies (Cost Audit Report) Amendment Rules, 2012 – Amendment in rule 2 and substitution of form-I

Notification NO. G.S.R. 861(E), dated 30-11-2012

In exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with sub-section (4) of section 233B, and sub-section (1) of section 227 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Cost Audit Report) Rules, 2011, namely:-

1. (1) These rules may be called the Companies (Cost Audit Report) Amendment Rules, 2012.

(2) They shall come into force with effect from the 2nd December, 2012.

2. In the Companies (Cost Audit Report) Rules, 2011, –

(a)  In rule 2,

(i)  for clause (c), the following clause shall be substituted, namely:-

‘(c) “Form I-XBRL” means the Form prescribed in these rules for filing cost audit report and other documents with the Central Government in the electronic mode and in the manner prescribed under rule 5 of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011′;

(ii)  for clause (d), the following clause shall be substituted, namely:-

‘(d) “Form-II” means the Form of the cost auditor’s report and includes auditor’s observations and suggestions, and Annexure to the cost audit report and further includes the data or information required to be filed with the Central Government in the manner prescribed under rule 5 of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011′;

(iii)  for clause (g), the following clause shall be substituted, namely:-

‘(g) “Product or Activity Group” means the product or activity groups notified vide S.O. 1747(E), dated the 7th August, 2012′;

(b)  For Form-I, the following Form shall be substituted, namely:-

Form I-XBRL

Form for filing XBRL document in respect of cost audit report and other documents with the Central Government

[Pursuant to sections 233B(4), 600(3)(b) of the Companies Act, 1956 and Companies (Cost Audit Report) Rules, 2011]

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