The Companies (cost records and audit) Rules, 2014

The much awaited The Companies (cost records and audit) Rules, 2014 has been notified. For applicability of cost record Companies has broadly classified into four categories i.e.

(A) Companies engaged in the production of following goods in strategic sectors.

(B) companies engaged in an industry regulated by a Sectoral Regulator or a Ministry or Department of Central Government.

(C) Companies operating in areas involving public interest

(D) Companies (including foreign companies other than those having only liaison offices) engaged in the production, import and supply or trading

each category has specified the  sub-categories or the specified activities. Limits based on paid-up capital and/or turnover and net worth is defined for maintenance of cost records.

The said rules has also specified the companies which need to get their cost records audited by the Cost Auditors.
Please go through the following link to check the  The Companies (cost records and audit) Rules, 2014:


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