Applicability of Cost Accounting Records: fertilizer-sector companies subject to thresholds or securities listing face compliance obligations. Rule 3 makes the Cost Accounting Records (Fertilizer Industry) Rules, 2011 applicable to every company, including foreign companies, engaged in fertilizer production, processing, manufacturing or mining where the aggregate net worth as on the last date of the immediately preceding financial year exceeds five crores; or where aggregate turnover during the immediately preceding financial year exceeds twenty crores; or where the company's equity or debt securities are listed or in the process of listing; bodies corporate governed by a special Act are excluded.
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Applicability of Cost Accounting Records: fertilizer-sector companies subject to thresholds or securities listing face compliance obligations.
Rule 3 makes the Cost Accounting Records (Fertilizer Industry) Rules, 2011 applicable to every company, including foreign companies, engaged in fertilizer production, processing, manufacturing or mining where the aggregate net worth as on the last date of the immediately preceding financial year exceeds five crores; or where aggregate turnover during the immediately preceding financial year exceeds twenty crores; or where the company's equity or debt securities are listed or in the process of listing; bodies corporate governed by a special Act are excluded.
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