Cost accounting records must be maintained and compliance reports filed by construction and real estate companies meeting statutory thresholds. Companies in the construction and development (real estate) sector that meet the threshold in Rule 3 of the Companies (Cost Accounting Records) Rules, 2011 must maintain cost accounting records and file a compliance report with the Central Government. The Rules require conformity with Generally Accepted Cost Accounting Principles and Cost Accounting Standards; scope includes developers, infrastructure projects, BOT/BOOT and EPC contracts and projects abroad. Exemptions retained for contractors paid only conversion charges, non-corporate JVs, unlisted companies below thresholds and bodies under special Acts; no cost audit presently applies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost accounting records must be maintained and compliance reports filed by construction and real estate companies meeting statutory thresholds.
Companies in the construction and development (real estate) sector that meet the threshold in Rule 3 of the Companies (Cost Accounting Records) Rules, 2011 must maintain cost accounting records and file a compliance report with the Central Government. The Rules require conformity with Generally Accepted Cost Accounting Principles and Cost Accounting Standards; scope includes developers, infrastructure projects, BOT/BOOT and EPC contracts and projects abroad. Exemptions retained for contractors paid only conversion charges, non-corporate JVs, unlisted companies below thresholds and bodies under special Acts; no cost audit presently applies.
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