To be published in the Gazette of
India, Extraordinary, Part II, Section 3, Sub-section (i)I
GOVERNMENT OF INDIA MINISTRY OF
CORPORATE AFFAIRS NOTIFICATION
New Delhi, the 31st December,
2014
(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 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, 2014.
(2) They shall come into force
from the date of their publication in the Official Gazette.
2, In the Companies (Cost Records
and Audit) Rules 2014, –
(1) in rule 2, after clause (a),
the following clause shall be inserted, namely:-
“(an) “Central Excise
Tariff Act Heading” means the heading as referred to in the Additional
Notes in the First Schedule to the Central Excise Tariff Act, 1985 [5 of 19861
(ii) for rule 3. the following
rule shall be substituted, namely:-
“3. Application of Cost
Records.- For the purposes of sub-section ( I) of section 148 of the Act, the
class of companies, including foreign companies defined in clause (42) of
section 2 of the Act, engaged in the production of the goods or providing
services, specified in the Table below, having an overall turnover from all its
products and services of rupees thirty five crore or more during the
immediately preceding financial year, shall include cost records for such
products or services in their books of account, namely:-
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