[To be published in the Gazette of India, Extraordinary, part II, Section 3, Sub_ section (i)]
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
New Delhi, The 7th December, 2017
G.S.R……..(E)- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013) (hereinafter referred as the Act), the central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules, 2014, namely:
1. These rules may be called the Companies (cost records and audit) Amendment Rules, 2017.
2. In the companies (cost records and audit) Rules, 2014 (hereinafter referred to as the principal rules), in rule 2, after clause (f), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2016, namely:-
(fa) “lndian Accounting Standards” means Indian Accounting Standards as referred to in Companies (lndian Accounting Standards) Rules, 2015.
3. In the principal rules, in the Annexure, for Form CRA-1 and Form CRA-3, the following Forms shall respectively be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2016, namely:-
(See rule 5(1) of the Companies (cost records and audit) Rules,2014)
Particulars relating to the items of Costs to be included in the Books of Accounts
[See rule 6(4) of the Companies (Cost Records and Audit) Rules, 2014]
FORM OF THE COST AUDIT REPORT
AMARDEEP SINGH BHATIA,
Joint Secretary, Government of India
Explanatory Memorandum: lt is certified that no person is being adversely affected by giving retrospective effect to this notification. The proposed amendments have been made on account of amendments made in the Companies (lndian Accounting Standards) Rules, 2015.
Note.- The principal rules were published in the Gazette of lndia, Extraordinary, Part ll, Section 3, Sub-section (i), vrde number G.S.R. 425 (E), dated the 30th June, 2014 and amended vrde number G.S.R. 01(E), dated the 31st December, 2014 and vide number G.S.R. 486 (E), Dated the 12rh June, 2015 and ylde number G.S.R. 695 (E), dated the 14h July, 20’16.