July 2011

Vide Notification dated 3rd June 2011, the MCA has issued the Companies (Cost Accounting Records) Rules, 2011. They will apply to every company which is engaged in the production, processing, manufacturing, or mining activities and wherein,

By Sejal Vasa, Company Secretary

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? the aggregate value of net worth as on the last date of the immediately preceding financial year exceeds five crore rupees;

? or wherein the aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds twenty crore rupees;

? or wherein the company’s equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India. Cost records need to be maintained for all units and branches thereof in respect of each of its financial year commencing on or after the 1st April, 2011.

For further information:

http://www.mca.gov.in/Ministry/notification/pdf/ Common_Record_Rules_03jun11.pdf

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July 2011

Vide Notification dated 3rd June 2011, the MCA has issued the Companies (Cost Accounting Records) Rules, 2011. They will apply to every company which is engaged in the production, processing, manufacturing, or mining activities and wherein,

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Vide Circular No. 37/2011, dated 7th June, 2011, the Ministry has mandated the following companies to financial statements in XBRL form only from the year 2010-11

Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits.

Journal

Resources

About

Reach Us

Audio Version

July 2011

Vide Notification dated 3rd June 2011, the MCA has issued the Companies (Cost Accounting Records) Rules, 2011. They will apply to every company which is engaged in the production, processing, manufacturing, or mining activities and wherein,

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You May Also Like

Vide Circular No. 37/2011, dated 7th June, 2011, the Ministry has mandated the following companies to financial statements in XBRL form only from the year 2010-11

Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits.