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Aug 18, 2020 · 1.Section 148(1) The CG may by order, in respect of class of companies engaged in the production of such goods or providing such services, direct that particulars relating to the utilization of material or labour or to other items of cost shall also included in the books of account kept by that class of company
3 SECTIONS 76. Acceptance of deposits from public by certain companies. 76A. Punishment for contravention of section 73 or section 76. CHAPTER VI REGISTRATION OF CHARGES 77.
Feb 20, 2015 · Extract of Section 148 of Companies Act,2013. 148. Central Government to specify audit of items of cost in respect of certain companies (1) Notwithstanding anything contained in this Chapter, the Central Government may, by order, in respect of such class of companies engaged in the production of such goods or providing such services as may be prescribed, direct that particulars relating to the utilisation of material or labour or to other items of cost as may be prescribed shall also be ...
5 days ago · Provided that no person appointed under section 139 as an auditor of the company shall be appointed for conducting the audit of cost records.. Provided further that the auditor conducting the cost audit shall comply with the cost auditing standards.. Explanation.—For the purposes of this sub-section, the expression “cost auditing standards” mean such standards as are issued by the Institute of Cost and Works Accountants of India, constituted under the Cost and Works Accountants Act ...
Jul 17, 2023 · APPLICABILITY FOR COST RECORDS (RULE 3) Pursuant to the provisions of section 148(1) read with Rule 3 of the Companies (Cost Records and Cost Audit) Rules, 2013 every company including foreign companies, engaged in the production of goods or providing services provided in table A and B, having an overall turnover from all its products and services of Rs. 35 Crore or more during the immediately preceding financial year, shall be required to maintain cost accounting records.
Oct 14, 2023 · This article is written by Satyanshu Kumari. This article elaborates on Section 148 of the Companies Act, 2013, which states about cost accounting and audit requirements of certain companies. The section is read along with the Companies (Cost Record and Audit) Rules, 2014. The cost records help the companies keep detailed records of the utilisation […]
Union of India - Section Section 148 in The Companies Act, 2013 148. Central Government to specify audit of items of cost in respect of certain companies.—
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Provided that nothing contained in serial number 33 shall apply to foreign companies having only liaison offices. Provided further that nothing contained in this rule shall apply to a company which is classified as a micro enterprise or a small enterprise including as per the turnover criteria under sub-section (9) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006).
Sep 10, 2023 · Amended and updated notes on section 148 of Companies Act 2013. Provisions and rules related to Cost Records and Cost Audit Report CRA-1 to CRA-4.
