It is compulsory to make Cost Records as per the Companies Act. for most of the large manufacturing companies.
Main Categories that are affected at MSME level are
- All Automotive Ancillaries
- All Paints and Chemicals Manufacturing Plants
- Many other categories
What if you dont make
See the provisions for Steep Penalties and Fines, and prosecution ( including worst scene rights with govt ) on
Now the Ministry of Company Affairs has relea
sed the detailed 50 page writeup. This contains information in a very user friendly language.
This is a new very very detailed format + instructions book from the govt ( in the link below + Same File attached)
If you need any professional guidance in the same, feel free to contact us
Still have questions? Please contact us anytime! We look forward to hearing from you.
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