Appointment of Cost Auditors in firm's name permitted if partners are practicing cost accountants and firm has central approval. Approval is granted for the appointment of Cost Auditors in firm's name under sub section (2) of Section 233B of the Companies Act, 1956, conditional on all partners being practicing cost accountants under the Cost and Works Accountants Act, 1959, and the firm having been constituted with previous Central Government approval under the relevant regulation; companies may propose such appointments through their board and the Institute is requested to notify practitioners.
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.
Appointment of Cost Auditors in firm's name permitted if partners are practicing cost accountants and firm has central approval.
Approval is granted for the appointment of Cost Auditors in firm's name under sub section (2) of Section 233B of the Companies Act, 1956, conditional on all partners being practicing cost accountants under the Cost and Works Accountants Act, 1959, and the firm having been constituted with previous Central Government approval under the relevant regulation; companies may propose such appointments through their board and the Institute is requested to notify practitioners.
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