https://www.taxtmi.com/caselaws?id=423549 The Court quashed criminal proceedings under Section 148 of the Companies Act, 2013, as the company's turnover fell below the threshold requiring a Cost Auditor. The Court found the prosecution was initiated without verifying the financial thresholds specified in the Companies (Cost Records and Audit) Amendment Rules, 2014. It held that the proceedings were not in compliance with the Rules and ordered the quashing of the case against the petitioners. en-us Thu, 20 Jan 2022 00:00:00 +0530 Thu, 09 Jun 2022 08:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423549 The Court quashed criminal proceedings under Section 148 of the Companies Act, 2013, as the company's turnover fell below the threshold requiring a Cost Auditor. The Court found the prosecution was initiated without verifying the financial thresholds specified in the Companies (Cost Records and Audit) Amendment Rules, 2014. It held that the proceedings were not in compliance with the Rules and ordered the quashing of the case against the petitioners. Case-Laws Companies Law Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423549