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of <h1>Non-compliance with Companies (Cost Accounting Records) Rules, 2011 may lead to fines for accountants and company officers.</h1> If a cost accountant fails to comply with the Companies (Cost Accounting Records) Rules, 2011, they may face a fine up to five thousand rupees. If a company violates these rules, the company and its responsible officers, including those specified in section 209(6) of the Companies Act, 1956, are subject to penalties as outlined in section 642(2) in conjunction with sections 209(5) and 209(7) of the same Act.
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