TaxTMI 
TaxTMI 
Section 233B of the Companies Act, 1956 - Audit of Cost accounts in certain cases - order under section 233B(1).
X X X X Extracts X X X X
X X X X Extracts X X X X
....overnment, being of the opinion that it is necessary to do so, hereby directs that all companies to which the Companies (Cost Accounting Records) Rules, 2011 apply, and which are engaged in the production, processing, manufacturing or mining of the following products/activities, including intermediate products and articles or allied products thereof, and wherein the aggregate value of the turnover....
X X X X Extracts X X X X
X X X X Extracts X X X X
....textiles Chapters 50 to 63 2. Edible oil seeds and Oils (incl. vanaspati) Chapters 12 and 15 3. Packaged food products Chapters 2 to 25 (except Chapters 5, 6, 14, 23 and 24) 4. Organic & Inorganic Chemicals Chapters 28, 29, 32, 38 and 39 5. Coal & Lignite Chapter 27 6. Mining & Metallurgy of ferrous & non-ferrous metals Chapters 26 and 74 to 83 (exce....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y as applicable. 2. Every company to which these orders apply shall follow the revised procedure for appointment of cost auditor as laid down vide Ministry of Corporate Affairs' General Circular No. 15/2011 dated 11th April 2011. 3. The audit shall be conducted in such manner as will enable the cost auditor to prepare the report in accordance with the Companies (Cost Audit Report) Rules, 201....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ect to their meeting with the qualifying criteria mentioned therein] shall now comply with the industry specific orders, as applicable, replacing the earlier company specific order. 6. All companies wherein this industry specific cost audit order and the similar orders issued on 2nd May 2011 and 30th June 2011 are not applicable but their products/activities were covered under the company speci....