Ordinary resolution format for ratification of the cost auditor's remuneration under Section 148(3) and Rule 14, with fee, taxes, expenses and practice notes.
To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution:
“RESOLVED THAT pursuant to Section 148(3) and other applicable provisions, if any, of the Companies Act, 2013 read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the remuneration of ₹[●] (Rupees [●] only) plus applicable taxes and reimbursement of out-of-pocket expenses, payable to M/s [●], Cost Accountants (Firm Registration No.: [●]), appointed by the Board of Directors [on the recommendation of the Audit Committee] as the Cost Auditor of the Company to conduct the audit of the cost records of the Company for the financial year [●], be and is hereby ratified.
RESOLVED FURTHER THAT the Board of Directors of the Company and any Director and/or the Company Secretary of the Company be and are hereby severally authorised to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”