Default in filing form 23D
Ministry of Corporate Affairs vide circular no. 15/2011 dated 11/04/2011 has prescribed revised procedure for the appointment of Cost Auditors, however, it is observed that a large number of Cost Auditors have defaulted in filing required form 23D within the stipulated time.
Therefore, all the defaulting Cost Auditors are requested to file their required form 23D that have already became due for filing by 16th December, 2012. In case of any further default, the name of such defaulting Cost Auditors shall be sent to the Institute on 17 December, 2012 for disciplinary actions.
In case where the Company, after approval of form 23C has failed to issue formal letter of appointment, they shall do so within 15 days from the date of issue of this circular enabling the Cost Auditors to file form 23D within the extended time as above.
Detailed Circular is attached herewith.
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