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of <h1>Amendment Expands Cost Accounting Rules for Engineering Industries to Include Automotive Parts and Power Equipment Under Companies Act 1956.</h1> The Cost Accounting Records (Engineering Industries) Amendment Rules, 2001, issued by the Department of Company Affairs, amends the 1984 rules under the Companies Act, 1956. Effective upon publication in the Official Gazette, the amendment adds new categories to the appendix of the existing rules, specifically including automotive parts and accessories, power transformers, electric generators, and machine tools. These changes aim to enhance the scope of cost accounting records for specified engineering industries. The principal rules have been previously amended multiple times since their initial publication in 1984.
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