TMI BlogThe Companies (Cost Records and Audit) Amendment Rules,2014.X X X X Extracts X X X X X X X X Extracts X X X X ..... ords and Audit) Amendment Rules, 2014. (2) They shall come into force from the date of their publication in the official Gazette. 2. In the Companies (Cost Records and Audit) Rules 2014 , - (i) in rule 2, after clause (a), the following clause shall be inserted, namely:- (aa) Central Excise Tariff Act Heading means the heading as referred to in the Additional Notes in the First Schedule to the Central Excise Tariff Act, 1985 [5 of 1986] (ii) for rule 3, the following rule shall be substituted, namely:- 3. Application of Cost Records.- For the purposes of sub-section (1) of section 148 of the Act, the class of companies, including foreign companies defined in clause (42) of section 2 of the Act, en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Drugs and pharmaceuticals; 2901 to 2942; 3001 to 3006. 5. Fertilisers; 3102 to 3105. 6. Sugar and industrial alcohol; 1701; 1703;2207 (B) Non-regulated Sectors Sl. No. Industry/ Sector/ Product/ Service CETA Heading (wherever applicable) 1. Machinery and mechanical appliances used in defence, space and atomic energy sectors excluding any ancillary item or items; Explanation. - For the purposes of this sub-clause, any company which is engaged in any item or items supplie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... air traffic management, aircraft operations, ground safety services, ground handling, cargo facilities and supplying fuel rendered by airports and regulated by the Airports Economic Regulatory Authority under the Airports Economic Regulatory Authority of India Act, 2008 (27 of 2008); Not applicable. 9. Steel; 7201 to 7229; 7301 to 7326 10. Roads and other infrastructure projects corresponding to para No. (1) (a) as specified in Schedule VI of the Companies Act, 2013 ; Not applicable 11. Rubber and allied products being regulated by the Rubber Board constituted und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on industry as per pars No. (5) (a) as specified in Schedule VI of the Companies Act, 2013 (18 of 2013) Not applicable. 22. Health services, namely functioning as or running hospitals, diagnostic centres, clinical centres or test laboratories; Not applicable. 23. Education services, other than such similar services falling under philanthropy or as part of social spend which do not form part of any business. Not applicable. 24. Milk Powder ; 0402 25. Insecticides; 3808 26. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (xvii) Urethra spinicture devices; (xviii) Sling male or female; (xix) Prostate occlusion device; and (xx) Urethral stents: 9018 to 9022 Provided that nothing contained in serial number 33 shall apply to foreign companies having only liaison offices. Provided further that nothing contained in this rule shall apply to a company which is classified as a micro enterprise or a small enterprise including as per the turnover criteria under sub-section (9) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006). (iii) for rule 4, the following rule shall be substituted, namely:- 4. Applicability for cast audit. - (1) Every company specified in ite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or after 1 st day of April, 2015. (v) in rule 6, after sub-rule (3), following sub-rule shall be inserted, namely:- (3A) Any casual vacancy in the office of a cost auditor, whether due to resignation, death or removal, shall be filled by the Board of Directors within thirty days of occurrence of such vacancy and the company shall inform the Central Government in Form CRA-2 within thirty days of such appointment of cost auditor. (vi) rule 7 shall be omitted; (vii) in Annexure, for Form CRA-I and Form CRA-3, the following shall respectively, be substituted, namely:- FORM CRA-1 FORM CRA-3 [F. No. 1/40/2013-CL-V] AMARDEEP SINGH BHATIA, Joint Secretary to the Government of India Note The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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