(a) whether the Government has held any consultations with various stakeholders on the efficacy of the Draft Companies (Cost Audit and Records Rules) 2013;
(b) if so, the number of such consultations held till date along with the outcome thereof;
(c) whether new points have been incorporated in the said Draft as a result of such consultations; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS (SMT. NIRMALA SITHARAMAN)
(a) to (d): Yes, Madam. Government followed a detailed consultative process while formulating Rules under the Companies Act 2013 including the draft Companies (Cost Records and Audit) Rules, 2013. The draft Rules were placed on the Ministry of Corporate Affairs’ website for three weeks, during which period comments were invited from stakeholders. Approximately 14,700 comments were received from the stakeholders, and were kept in mind while finalizing the said Rules.