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Applicability of cost compliance and cost audit

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(Querist)
28 June 2013 Dear Experts
Please tell me about the applicability of Cost Compliance report and cost audit in the following companies for the year 2011-12:-

1. A Company having Paid Up Capital of Rs. 206,388,000.00 and Turnover of Rs. 418,179,424.37

2. Company having a Paid up capital of Rs. 62,738,000.00 & Turnover of Rs. 196,233,061.00
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 June 2013 Mention the nature of the business also
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CS Raju Patro

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CS Raju Patro (Querist)
29 June 2013 Firs on is Iron ore manufactured Company and 2nd is MS ignot manufacturer
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 June 2013 Both the cases the Cost audit & cost compliance rules applicable since the net worth is exceeding Rs.5 crores

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