Cost Audit Report to be discussed in the Audit Committee to be constituted under section 292A of the Companies Act, 1956.

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.... Shastri Bhavan, 5th Floor, "A" Wing, Dr. R.P. Road, New Delhi-110001. Dated: 18th March, 2002 Subject: Cost Audit Report to be discussed in the Audit Committee to be constituted under section 292A of the Companies Act, 1956. ****** 1. A new section 292A has been introduced in the Companies Act, 1956 through Companies (Amendment) Act, 2000 pursuant to which every company having p....

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....or under section 233B of the Companies Act, 1956 shall be discussed in the Audit Committee has been examined in this Department. 4. It has been already clarified in Departmental Circular No. 6/2001 dated 20.08.2001 that the term "auditors" includes Cost Auditor and hence "scope of audit including observations of the auditors" occurring in the above sub-section includes the scope of audit includ....