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of <h1>New Cost Accounting Rules 2011 Clarify Terms and Compliance for Companies Act 1956, Highlight Electronic Reporting Requirements</h1> The Companies (Cost Accounting Records) Rules, 2011 define key terms for compliance within the framework of the Companies Act, 1956. These include definitions for 'Act,' 'Compliance Report,' 'Cost Accountant,' and 'Cost Records,' among others. The rules specify the roles and qualifications of cost accountants, the standards and principles of cost accounting, and the nature of manufacturing, mining, and processing activities. They also outline the forms required for compliance reporting, such as Form A-XBRL and Form-B, and define terms like 'Turnover' and 'Product or Activity Group.' The rules emphasize electronic filing and reporting requirements to the Central Government.
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