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of <h1>Government Updates Companies (Cost Audit Report) Rules, 2011, Replacing 2001 Rules for Enhanced Compliance Under Companies Act, 1956.</h1> The Central Government has issued the Companies (Cost Audit Report) Rules, 2011, under the powers conferred by specific sections of the Companies Act, 1956. These new rules supersede the previous Cost Audit Report Rules, 2001, except for actions completed or omitted before the supersession. This notification, identified as G.S.R. 430(E) and dated June 3, 2011, outlines the revised regulations pertaining to the cost audit reports required from companies, ensuring compliance with updated auditing standards as per the Companies Law.
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