“RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013, read with the applicable Rules framed thereunder (including any enactment(s), re-enactment(s) or statutory modification(s) thereof for the time being in force), M/s______, Cost Accountants (Firm Registration Number_______) who were appointed by the Board of Directors of the Company, to conduct the audit of cost records for the financial year ending 31st March________, be paid the remuneration of Rs_________(Rupees________ only) plus applicable taxes and out of pocket expenses, if any, incurred by them in connection with the audit.”
Explanatory Statement pursuant to Section 102 of the Companies Act, 2013
On the recommendation of the Audit Committee, the Board has approved the appointment of M/s_______, Cost Accountants (Firm Registration Number________) as cost auditors of the company to conduct the audit of the cost records of the company for the financial year ending 31st March________, at a remuneration of Rs________ (Rupees_________ only) plus applicable taxes and out of pocket expenses, if any, incurred by them in connection with the audit.
As per section 148 of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014, as amended from time to time, the remuneration proposed to be paid to the Cost Auditors is required to be ratified by the shareholders of the company. Accordingly, members are requested to pass an ordinary resolution for ratification of the remuneration payable to the Cost Auditors.
The Board recommends the proposed resolution for your approval as an Ordinary Resolution.
None of the Directors and their relatives are concerned or interested in the proposed resolution.