https://www.taxtmi.com/notifications?id=24468 These Rules require companies engaged in petroleum activities meeting specified financial or listing thresholds to maintain detailed cost records in prescribed Proformae, reconcile those records with audited financial statements, and retain such records for at least eight preceding financial years. Companies must submit a Board approved Annexure and a Cost Accountant certified compliance report in specified electronic forms within 180 days of financial year end; the Cost Accountant must state conformity with applicable cost accounting principles and standards and may qualify the report. Penalties apply to defaulting cost accountants, companies and officers in default. en-us Wed, 07 Dec 2011 00:00:00 +0530 Sat, 14 Feb 2026 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24468 These Rules require companies engaged in petroleum activities meeting specified financial or listing thresholds to maintain detailed cost records in prescribed Proformae, reconcile those records with audited financial statements, and retain such records for at least eight preceding financial years. Companies must submit a Board approved Annexure and a Cost Accountant certified compliance report in specified electronic forms within 180 days of financial year end; the Cost Accountant must state conformity with applicable cost accounting principles and standards and may qualify the report. Penalties apply to defaulting cost accountants, companies and officers in default. Notifications Companies Law Wed, 07 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24468