MCA has started issuing notice for false statement for applicability of Cost Records. Pl see one such notice given below . 

In case you have any queries, please  feel free to contact us .

Sub: - Notice for false statement under Sec 448 of the Companies Act, 2013

This is with reference to the Form AOC-4 filed by your company for the Financial Year ended on 3/31/2015 (MM/DD/YYYY), wherein it is stated that the company is engaged in production of goods having CETA headings, which are prescribed under the Companies (Cost records and Audit) Rules, 2014 and as per the financial statements submitted by the company for the financial year ended on 31/03/2014, the annual turnover of the company for that year was “41.65 Crs”.

2.         It may be noted that as per the abovementioned information, maintenance of cost records is mandatory for the company for the financial year 2014-15 as per Section 148(1) of the Companies Act, 2013 read with Rule 3 of the Companies (Cost Records and Audit) Rules, 2014. However, you have stated in AOC-4 filed by the company that the company is not mandated to maintain the cost records under the abovementioned Rules.

3.         It, prima facie, appears that you have made a false statement which is punishable under section 448 read with section 447 of the Companies Act, 2013.

4.         In view of the above, you are directed to explain the reasons for such incorrect reporting, within fifteen days from the issue of the date of this notice, through speed post only.

Thanks & Regards

Anil

+91-9899217778