F. No. 52/26/CAB-2010
Government of India
Ministry of Corporate Affairs
Cost Audit Branch
*****
B-1 Wind, 2nd Floor,
Paryavaran Bhavan,
CGO Complex, Lodhi Road,
New Delhi - 110 003
Dated 24th January, 2012
ORDER
In exercise of the powers conferred
by sub-section (1) of Section 233B of the Companies Act, 1956 (1 of 1956), the
Central Government, being of the opinion that it is necessary to do so, hereby
directs that all companies to which the Companies (Cost Accounting Records)
Rules, 2011 apply, and which are engaged in the production, processing,
manufacturing or mining of following products/activities, including
intermediate products and articles or allied products thereof, and wherein the
aggregate value of the turnover made by the company from sale or supply of all
its products/ activities during the immediately preceding financial year
exceeds hundred crore of rupees; or wherein the company’s equity or debt
securities are listed or are in the process of listing on any stock exchange,
whether in India or outside India, shall get its cost accounting records, in
respect of each financial year commencing on or after 1st day of
April, 2012, audited by a cost auditor who shall be, either a cost accountant
or a firm of cost accountants, holding valid certificate of practice under the
provisions of Cost and Works Accountant Act, 1956 (23 of 1959).
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