Companies accounting rules establish new statutory framework for financial records and supersede prior rules, effective upon commencement. Notification promulgates Companies (Accounts) Rules, 2014 under the Companies Act using specified statutory powers to prescribe corporate accounting and records obligations. The rules establish the procedural and form-based framework for maintenance and presentation of company accounts, and supersede prior rules on the same subject-matter while preserving pre-supersession actions; they commence on the notified commencement date.