Accounting standards rule confirms statutory authority and commencement procedure for company accounting standards, and notes later supersession. The Companies (Accounting Standards) Rules, 2006 are made by the Central Government under delegated powers of the Companies Act in consultation with the National Advisory Committee on Accounting Standards. The rules are titled accordingly and provide that they come into force upon publication in the Official Gazette. The 2006 Rules are recorded as having been superseded by the Companies (Accounting Standards) Rules, 2021.