Cost Auditor explanation in directors report

[Kanak Jain]

Dear All

 

 

 

Is it mandatory to disclose about appointment of cost auditor or  audit of cost auditor in annual report/directors report.

 

please provide me section or provision in this regard.

 

 

 

thanks & regards

cs kanak jain

[Deepesh Nayak]

Hello Kanak,

Yes it is required to provide such detail in the report of Director. Please find the attached file.

Please go through the point no. (k) you will find your answer.

Regards,
Deepesh

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary
 *Mob. 097134-80215*
*csdeepe...@gmail.com*

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[Kanak Jain]

Mr. Deepesh

 

 

appointment of cost auditor for the f.y. 2012-13 or 2013-14, which f.y. we have to mentioned in directors report.

 

 

Thanks & regards

cs kanak jain

[Deepesh Nayak]

Hi,

See, presentation about the facts may differ from company to company. However, you may comfort with the following:

As per the requirement of the Central Government and pursuant to the provisions of Section 233B of the Companies Act, 1956, the audit of the cost accounts relating to the Product “Textiles” was required to be carried out every year. The Company has appointed Cost Auditor M/s XYLIA & Co., Cost Accountants, New Delhi, having Membership No. XXIX to audit the cost accounts for the financial year 2012-2013 i.e. from 01.04.2012 to 31.03.2013, pursuant to approval of Central Government dated 0X.0X.2012 Cost Audit report for the year ended 31^st March 2013 would be submitted to the Central Government within the prescribed time.

 Pursuant to Cost Audit Report Rule, due date for filling of Cost Audit Report for the year ended March 31, 2012 was September 27, 2012, which was submitted to the Central Government on 04^th January, 2013. The delay in filing of aforesaid documents was due to transformation of version of available E-forms in XBRL mode which came in public domain only after 1^st day of January, 2013. 

 The Company has re-appointed to M/s XYLIA & Co., Cost Accountants, New Delhi, to audit the cost accounts for the financial year 2013-2014 i.e. from 01.04.2013 to 31.03.2014.

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary
 *Mob. 097134-80215*
*csdeepe...@gmail.com*

[Deepesh Nayak]

It is just advisable, please mentioned the same in the report of director just below the head of statutory auditor.

Regards,

Deepesh

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary
 *Mob. 097134-80215*
*csdeepe...@gmail.com*