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of <h1>Central Government Issues New Companies (Cost Accounting Records) Rules, 2011, Standardizing Cost Accounting Under Companies Act, 1956.</h1> The Central Government has issued the Companies (Cost Accounting Records) Rules, 2011, under the Companies Act, 1956. These rules are established by exercising powers from specific sections of the Act and replace several previous Cost Accounting Records Rules dating from 1967 to 2004. The new rules aim to standardize the cost accounting records maintained by companies, ensuring uniformity and compliance with current legal requirements. The notification supersedes earlier rules, except for actions taken or omitted before this new issuance.
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