Form 23 Application to The Cost Audit Branch Requesting Approval of Cost Auditor

Form 23 Application to The Cost Audit Branch Requesting Approval of Cost Auditor:-

The cost audit orders issued by the Cost Audit Branch normally mention that – `the application
in the prescribed form no. 23-C proposing for appointment of cost auditor for one term should
be electronically filled at the website of department i.e., www.mca.gov.in within 45 days of the
date of the order and thereafter within 45 days of the commencement of every fi nancial year’. The
application fee is payable along with form 23-C which is presently as under:



Basics of Cost Audit:-

Nominal Share Capital Rs. Fees Payable
less than Rs. 25 lacs Rs. 500
Rs. 25 lacs or more but less than Rs. 5 crores Rs. 1,000
Rs. 5 crores or more Rs. 2,000

 The payments can now be made through appropriate mechanisms – electronic (credit card, internet
banking) or traditional means (at the Bank counter). Electronic payments can also be made at Virtual
Front Offi ce (VFO). If the user selects the traditional payment option, the system generates a prefi
lled challan in the prescribed format. Traditional payments through cash, cheque can be done at
the designated bank branches using the system generated challan.