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    <title>Clarification relating to sub-section (1B) of Section 224 and sub-section (2) of Section 233B of the Companies Act, 1956 regarding the appointment of Cost Auditor</title>
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    <description>Appointment of a Cost Auditor requires prior Central Government approval and a written certificate that the appointment will comply with sub-section (1B) of Section 224; for that certificate the auditor must count only companies for which he holds firm written letters of appointment. A Cost Auditor&#039;s term is deemed to have concluded once he submits the cost audit report to the Central Government with a copy to the company, and his obligation to answer review queries does not bar accepting a new appointment so long as the audit-number limit is not exceeded.</description>
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    <pubDate>Tue, 30 Aug 1988 00:00:00 +0530</pubDate>
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      <title>Clarification relating to sub-section (1B) of Section 224 and sub-section (2) of Section 233B of the Companies Act, 1956 regarding the appointment of Cost Auditor</title>
      <link>https://www.taxtmi.com/circulars?id=9652</link>
      <description>Appointment of a Cost Auditor requires prior Central Government approval and a written certificate that the appointment will comply with sub-section (1B) of Section 224; for that certificate the auditor must count only companies for which he holds firm written letters of appointment. A Cost Auditor&#039;s term is deemed to have concluded once he submits the cost audit report to the Central Government with a copy to the company, and his obligation to answer review queries does not bar accepting a new appointment so long as the audit-number limit is not exceeded.</description>
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      <pubDate>Tue, 30 Aug 1988 00:00:00 +0530</pubDate>
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