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ICAI - icmai.in

Companies (Cost Records and Audit) Rules, 2014(as amended upto 15th July 2016)ICAITHE INSTITUTE OF COST ACCOUNTANTS OF INDIA(Statutory body under an Act of Parliament)The Institute of Cost Accountants of India Page 1 Companies (Cost Records and Audit) Rules, 2014 (as amended upto 15th July 2016)COMPANIES (COST RECORDS AND AUDIT) RULES, 2014 [as amended upto 15th July 2016]The Companies Act, 2013 empowers the Central Government to make the rules in the area of maintenance of cost records by the companies engaged in the specified industries, manufacturing / providing such goods / services; and for getting such cost records audited , vide Section 148. Thus, it is the subordinate legislative power of the Central Government, to make rules for maintenance of cost records and audit thereof in respect of specific industries.

/ providing such goods / services; and for getting such cost records audited, vide Section 148. Thus, it is the “subordinate legislative power” of the Central Government, to make rules for ... Abridged Cost Statement, Details of Materials Consumed, Details of Utilities Consumed, Details of Industry Specific Operating Expenses.

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