Cost audit

This query is : Resolved

Ravi Kumar (Querist)
Follow

02 August 2011 Dear Expert,
One concern engage in manufacturing activities and having turnover more than Rs. 100 crore but not listed in stock exchange,
1) here rules of cost audit will applicable or not?
2) can company have to mainatain the cost records under rule 2011.
pls clarify.

thanks
ravi

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

02 August 2011 yes. applicable, Turnover condition and listing condition both are independent,if the company satisfies any one of the condition,then Cost accounting rules applicable.