Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
30 January 2014Friends
Is it permisible to write in Articles that it will be compulsory for the company to circulate cost audit report to the members ?. In the absence of such a provision in AOA can the shareholders demand to inspect the cost audit report.?
Regards,
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 31 January 2014
Friends
Any thoughts.
Regards,
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 01 February 2014
As per the Act, cost audit report is not open for inspection to the shareholders. CG can direct company to circulate to members u/s 233B(10). However, the company is free to put a clause in Articles voluntarily for circulation of the report to members.
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