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<h1>Rule 14 of Companies Rules: Procedure for Appointing Cost Auditors and Approving Remuneration under Section 148(3).</h1> Rule 14 of the Companies (Audit and Auditors) Rules, 2014, outlines the procedure for appointing and remunerating cost auditors under section 148(3) of the Companies Law. For companies with an audit committee, the Board appoints a cost auditor based on the committee's recommendation, which includes proposed remuneration. This remuneration must be approved by the Board and ratified by shareholders. For companies without an audit committee, the Board appoints the cost auditor directly, and the remuneration is ratified by shareholders. Amendments in 2018 clarified the qualifications required for cost auditors.