Working: 9.00am - 6.00pm
Working: 9.00am - 6.00pm
Established by a first-generation Practicing CMA, we have evolved into a multi-disciplinary firm with a diverse set of professionals providing a range of Audit & Consultancy services with software solutions to boot
Under Section 148 of the Companies Act, 2013, certain companies are required to maintain cost records as per prescribed standards. Subsection 1 of Section 148 mandates that companies within specific sectors or thresholds must keep detailed cost records, ensuring financial transparency and compliance with statutory requirements.
Our firm provides expert guidance on maintaining cost records in compliance with the Companies (Cost Records and Audit) Rules, 2014. We also offer certification services for companies covered under subsection 1 of Section 148, but not falling under subsection 2, ensuring adherence to the prescribed norms.
Ensuring alignment with the Companies Act
Verifying cost records for compliance.
Tailored to each industry’s requirements.
Streamlining record-keeping practices.
We help businesses maintain cost records that comply with legal obligations, promoting financial discipline and ensuring that their operations meet the statutory guidelines outlined in the Companies Act, 2013.
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Tailored record-keeping processes.
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Industry-compliant record maintenance.
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Cost record management for manufacturing sectors.
The maintenance of cost records is essential for businesses that fall under the purview of Section 148, and it provides a foundation for effective cost management and auditing.
Proper maintenance of cost records ensures that businesses remain compliant with statutory guidelines while promoting accurate financial reporting. These records serve as a vital tool for internal management, providing insights into cost structures that help businesses identify areas for improvement.
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