Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Companies (cost records and audit) Amendment Rules, 2016

Companies Law - File No. 1/40/2013-CL-V - Dated:- 14-7-2016 - GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 14th July, 2016 G.S.R 695 (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013) (hereinafter referred as the Act), the Central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules, 2014, namely:- 1. (1) These rules may b .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e, qualifications or observations attached with or included in such report;" (ii) in rule 3, for Table (A) and Table (B), the following Tables shall be substituted, namely:- TABLE (A) Regulated Sectors Sl. No. Industry/ Sector/ Product/ Service Central Excise Tariff Act Heading (wherever applicable) 1. Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature and regulated by the T .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

- Not Applicable 3. Petroleum products; including activities regulated by the Petroleum and Natural Gas Regulatory Board under the Petroleum and Natural Gas Regulatory Board Act, 2006 (19 of 2006); 2709 to 2715; Other Activity- Not Applicable 4. 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 Sr. No. Industry/ sector/ Product/ Service Central Excise Tariff Act Heading (wherever applic .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d explosives (other than propellant powders); safety fuses; detonating fuses; percussion or detonating caps; igniters; electric detonators; 3601 to 3603 5. Radar apparatus, radio navigational aid apparatus and radio remote control apparatus; 8526 6. Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons and parts of such vehicles, that are funded (investment made in the company) to the extent of ninety per cent or more by the Government or Government agencies; .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

onomic Regulatory Authority of India Act, 2008 (27 of 2008); Not applicable 9. Iron and Steel; 7201 to 7229; 7301 to 7326 10. Roads and other infrastructure projects corresponding to para No. (1) (a) as specified in Schedule Vl of the Companies Act, 2013 (18 of 2013); Not applicable 11. Rubber and allied products; including products regulated by the Rubber Board constituted under the Rubber Act, 1947 (XXIV of 1947); 4001 to 4017 12. Coffee and tea; 0901 to 0902 13. Railway or tramway locomotives .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

8101 to 8113 18. Inorganic chemicals, organic or inorganic compounds of precious metals, rare-earth metals of radioactive elements or isotopes, and organic chemicals; 2801 to 2853; 2901. to 2942; 3801 to 3807; 3402 to 3403; 3809 to 3824. 19. Jute and Jute Products; 5303, 5310 20. Edible Oil; 1507 to 1518 21. Construction Industry as per para 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 hosp .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to 5516 30. Glass; 7003 to 7008; 7011;7016 31. Other machinery and Mechanical Appliances; 8402 to 8487 32. Electricals or electronic machinery; 8501 to 8507:8511 to 8512: 8514 to 8515; 8517; 8525 to 8536: 8538 to 8547. 33. Production, import and supply or trading of following medical devices, namely:- (i) Cardiac stents; (ii) Drug eluting stents; (iii) Catheters; (iv) Intra ocular lenses; (v) Bone cements; (vi) Heart valves; (vii) Orthopaedic implants; (viii) Internal prosthetic replacements; (i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ause (ii), following clause shall be inserted, namely:- "(iii) which is engaged in generation of electricity for captive consumption through Captive Generating PIant. For this purpose, the term "Captive Generating Plant" shall have the same meaning as assigned in rule 3 of the Electricity Rules, 2005"; (iv) in rule 6, in sub-rule (1), the following proviso shall be inserted, namely: - "Provided that before such appointment is made, the written consent of the cost auditor .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tions made thereunder; (b) the individual or the firm, as the case may be, satisfies the criteria provided in section 141 of the Act, so far as may be applicable; (c) the proposed appointment is within the limits laid down by or under the authority of the Act; and (d) the list of proceedings against the cost auditor or audit firm or any partner of the audit firm pending with respect to professional matters of conduct, as disclosed in the certificate, is true and correct."; (vi) in rule 6, i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version