https://www.taxtmi.com/notifications?id=24469 Rules mandate that companies engaged in pharmaceutical activities meeting specified net worth, turnover or listing thresholds must maintain proforma-based cost records (Proformae A-I) in accordance with generally accepted cost accounting principles and applicable Cost Accounting Standards, reconcile those records with audited financial statements, retain them for at least eight years, and file a Cost Accountant-certified compliance report and annexure within 180 days of year-end; the annexure must be board-approved. Noncompliance attracts specified fines and statutory penalties. en-us Wed, 07 Dec 2011 00:00:00 +0530 Sat, 14 Feb 2026 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24469 Rules mandate that companies engaged in pharmaceutical activities meeting specified net worth, turnover or listing thresholds must maintain proforma-based cost records (Proformae A-I) in accordance with generally accepted cost accounting principles and applicable Cost Accounting Standards, reconcile those records with audited financial statements, retain them for at least eight years, and file a Cost Accountant-certified compliance report and annexure within 180 days of year-end; the annexure must be board-approved. Noncompliance attracts specified fines and statutory penalties. Notifications Companies Law Wed, 07 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24469