I want boaRD resolution draft copy for approval of annexure to cost compliance report and for cost compliance report is it neccesary to pass resolation for appointment of cost accounatant
1 Replies
Shankar BA(Hons)
(CS)
(278 Points)
Replied 18 December 2012
Dude,
A Resolution has to be passed in order to appoint a Cost Accountant and it is mandatory.
If it is a Private Limited Company then resolution has to be passed.
If it is Public Limited Company (incase of manufacturing company) then the Cost Accountant has to be compulsorily appointed.
Check with the Articles of Association whether the resolution has to be passed in ordinary or special.
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