RESOLUTION FOR APPOINTMENT OF COST AUDITOR IN A COMPANY

PROVISIONS FOR APPOINTMENT OF COST AUDITOR IN A COMPANY ARE PRESCRIBED U/S 148 OF THE COMPANIES ACT 2013 AND THE COMPANIES (AUDIT AND AUDITORS) RULES 2014;

FOLLOWING IS THE ORDINARY RESOLUTION, PASSED FOR APPOINTMENT FOR COST AUDITOR:

“RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), the Cost Auditors be and hereby appointed by the Board of Directors of the Company, to conduct the audit of the cost records of the Company for the financial year ending ______.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this Resolution.”

EXPLANATORY STATEMENT U/S 102 OF THE COMPANIES ACT, 2013 for Appointment of Cost Auditor in a Company:

The Board, on the recommendation of the Audit Committee, has approved the appointment and remuneration of Mr/Ms______, Cost Accountants, as the cost auditors of the Company to conduct the audit of the cost records of the Company for the financial year ____, at a fee of ____, as remuneration for cost audit services for the FY _____.

In accordance with the provisions of Section 148 of the Act read with the Companies (Audit and Auditors) Rules, 2014, the remuneration payable to the Cost Auditors has to be ratified by the shareholders of the Company.

Accordingly, consent of the members is sought for passing an Ordinary Resolution for ratification of the remuneration payable to the Cost Auditors for the financial year ending _____.

The Board recommends the Ordinary Resolution for approval by the shareholders.

None of the Directors / Key Managerial Personnel of the Company / their relatives are, in any way, concerned or interested, financially or otherwise, in the resolution.

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