Companies (cost records and audit) Amendment Rules, 2016

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....  (2) They shall come into force on the date of their publication in the official Gazette. 2.  In the Companies (cost records and audit) Rules, 2014 (hereinafter referred to as the Principal Rules),- (i) in rule 2, for clause (d), the following clause shall be substituted, namely:- "(d)   "cost audit report" means the duly signed cost auditor's report on the cost records examined and cost statements which are prepared as per these rules, including attachment, annexure, qualifications or observations attached with or included in such report;" (ii)  in rule 3, for Table (A) and Table (B), the following Tables shall be substituted, namely:- "TABLE (A) Regulated Sectors Sl. No.....

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.... Explanation. - For the purposes of this sub-clause, any company which is engaged in any item or items supplied exclusively for use under this clause, shall be deemed to be covered under these rules 8401; 8801 to 8805;8901 to 8908. 2. Turbo jets and turbo propellers; 8411 3. Arms, ammunitions and Explosives; 3601 to 3603; 9301 to 9306. 4. Propellant powders; prepared explosives (other than propellant powders); safety fuses; detonating fuses; percussion or detonating caps; igniters; electric detonators; 3601 to 3603 5. Radar apparatus, radio navigational aid apparatus and radio remote control apparatus; 8526 6. Tanks and other armoured fighting vehicles, motorised, whether or not fitted with wea....

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....; 2528 to 2530; 2601. to 2617 16. Mineral fuels (other than petroleum), mineral oils etc. 2707 to 2708 17. Base metals; 7401, to 7403; 7405 to 7413; 7419; 7501 to 7508; 7601 to 7674; 7801 to 7802; 7804; 7806 to 7901, to 7905; 7907; 8001; 8003; 8007; 8101 to 8113 18. Inorganic chemicals, organic or inorganic compounds of precious metals, rare-earth metals of radioactive elements or isotopes, and organic chemicals; 2801 to 2853; 2901. to 2942; 3801 to 3807; 3402 to 3403; 3809 to 3824. 19. Jute and Jute Products; 5303, 5310 20. Edible Oil; 1507 to 1518 21. Construction Industry as per para No. (5) (a) as specified in Schedule VI of the Companies Act, 2013 (18 of 2013); ....

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....ct and ventricular septal defect closure device; (xvi) Cardiac re-synchronise therapy ; (xvii) Urethra spinicture devices; (xviii) Sling male or female; (xix) Prostate occlusion device; and (xx) Urethral stents:   (iii) in rule 4, in sub-rule (3), after clause (ii), following clause shall be inserted, namely:- "(iii) which is engaged in generation of electricity for captive consumption through Captive Generating PIant. For this purpose, the term "Captive Generating Plant" shall have the same meaning as assigned in rule 3 of the Electricity Rules, 2005"; (iv) in rule 6, in sub-rule (1), the following proviso shall be inserted, namely: - "Provided that before such appointment is made, the writ....

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....rnment for intimating appointment of another cost auditor shall enclose the relevant Board Resolution to the effect: Provided also that nothing contained in this sub-rule shall prejudice the right of the cost auditor to resign from such office of the company."; (vii) in rule 6, after sub-rule (3A), following sub-rule shall be inserted, namely:- "(3B) The cost statements, including other statements to be annexed to the cost audit report, shall be approved by the Board of Directors before they are signed on behalf of the Board by any of the director authorised by the Board, for submission to the cost auditor to report thereon"; (viii) in rule 6, for sub-rule (5), the following sub-rule shall be substituted, namely:- ....