- These rules may be called the Companies (cost records and audit) Amendment Rules, 2017.
- They shall come into force from the date of their publication in the official Gazette and shall be applicable for the financial years commencing on or after 1st day of April, 2016.
- In the Companies (Cost Records and Audit) Rules, 2014 (hereinafter referred to as the principal rules), after clause (f) of sub-rule (2), the following clause shall be inserted namely:- “(fa) “Indian Accounting Standards” means Indian Accounting Standards as referred to in Companies (Indian Accounting Standards) Rules, 2015.
- In the principal rules, in the Annexure, for Forms CRA-1 and CRA-3, the following forms shall respectively be substituted, namely:-
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