Cost audit orders require electricity companies to maintain prescribed cost records and obtain annual independent cost audits. Mandatory cost audit orders require the listed electricity-sector companies to have cost records maintained under the Cost Accounting Records (Electricity Industry) Rules, 2001 audited for the financial year ending 31-3-2006 and for each subsequent financial year, creating an ongoing compliance obligation to maintain prescribed cost records and procure periodic cost audits by qualified auditors.
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 audit orders require electricity companies to maintain prescribed cost records and obtain annual independent cost audits.
Mandatory cost audit orders require the listed electricity-sector companies to have cost records maintained under the Cost Accounting Records (Electricity Industry) Rules, 2001 audited for the financial year ending 31-3-2006 and for each subsequent financial year, creating an ongoing compliance obligation to maintain prescribed cost records and procure periodic cost audits by qualified auditors.
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