08 June 2013
My client being a Pvt Ltd Co.engaged in Manufacturing of Metal based Products i.e.Copper/Nickel Ferro Alloys Billets.Total Turnover is Rs.229.39 Lacs during the F.Y.2012-13.
Now query is whether Maintenance of Cost Accounting Records has prescribed by the Central Government for the said Industry & Product as per section 209(1)(d) of the Companies Act.this is required for CARO Reporting in Auditors Report.
15 June 2013
Thanks for reply.But i think for the purposes of applicability of such rules the turnover limit is exceeding Rs.50 crores during the year under review & also the Co. should be listed one.is it correct or not.Please confirm with elaborate explanation.
CAclubindia
