Company and Officers If a company contravenes any provisions of Cost Audit Orders (CAO) or Cost Accounting Record Rules ??? 2011 (CARR), the company and every officer thereof who is in default, including the persons referred to in sub-section (6) of section 209 of the Companies Act, shall be punishable as provided under sub-section (2) of section 642 read with sub-sections (5) and (7) of section 2