Daily Email Newsletter (Sign-up Free)

Companies (Cost Records and Audit) Amendment Rules 2018 - Notified

Ministry of Corporate Affairs (MCA) Notification dated 3rd December 2018

G.S.R. 1157(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), the Central Government hereby makes the following rules further to amend the Companies (cost records and audit) Rules, 2014, namely:-

1. (1) These rules may be called the Companies (cost records and audit) Amendment Rules, 2018.
(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), in rule 3, in TABLE, under the heading (B) Non-regulated Sectors,-

(i) against Sl. No. 7 for the words “services rendered by a Port in relation to a vessel or goods regulated by the Tariff Authority for Major Ports” the words, figures and brackets “services rendered for a Port in relation to a vessel or goods regulated by the Tariff Authority for Major Ports under the Major Port Trusts Act, 1963 (38 of 1963)”, shall be substituted;

(ii) against Sl. No. 8 for the words ‘by airports’ the words ‘at the airports’ shall be substituted;

(iii) against Sl. No. 13, after the entry ‘8608’, the entry ‘8609’ shall be inserted;

(iv) against Sl. No. 19, after the entry ‘5303’, the entry ‘5307’ shall be inserted;

(v) against Sl. No. 28, for the words ‘Paper’, the words ‘Pulp and Paper’ shall be substituted and before the entry ‘4801 to 4802’ the entry ‘4701 to 4704’ shall be inserted ;

(vi) against Sl. No. 29, after the entry ‘5303’, the entry ‘5307’ shall be inserted;

(vii) against Sl. No. 33, in point no. (xiii), for the word ‘deflobillator’ the word ‘defibrillators’ shall be substituted;

3. in rule 6, in sub-rule (6), the following proviso shall be inserted, namely:-

“Provided that the Companies which have got extension of time of holding Annual General Meeting under section 96 (1) of the Companies Act, 2013, may file form CRA-4 within resultant extended period of filing financial statements under section 137 of the Companies Act, 2013.”.

4. In the principal rules, in Annexure,-

(i) in Form CRA-1, paragraph number 31 shall be inserted, namely:-

 “31. Unit of Measurement (UOM).

The Unit of Measurement (UOM) for each Customs Tariff Act Heading, wherever applicable, shall be the same as provided for in the Customs Tariff Act, 1975 (51 of 1975) corresponding to that particular Customs Tariff Act Heading.”;

(ii) in form CRA-3, in Note, Note (3) shall be added, namely:-

“Note. (3) The Unit of Measurement (UOM) for each Customs Tariff Act Heading, wherever applicable, shall be the same as provided for in the Customs Tariff Act, 1975 (51 of 1975) corresponding to that particular Customs Tariff Act Heading.”


Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 425 (E), dated the 30th June, 2014 and amended vide number G.S.R. 01(E), dated the 31st December, 2014 and vide number G.S.R. 486 (E), Dated the 12th June, 2015 and vide number G.S.R. 695 (E), dated the 14th July, 2016 and vide number G.S.R. 1498 (E), dated the 7th December, 2017 and vide number G.S.R. 1526 (E), dated the 20th December, 2017.

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.