Cost Accounting Records (Petroleum Industry) Amendment Rules, 2012

Posted: 13/12/2012 in MCA, Notifications
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Notification, dated 30th November, 2012

G.S.R. 867(E) – In exercise of the powers conferred by clause (b) of subsection (1) of section 642 read with clause (d) of sub-section (1) of section 209 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Cost Accounting Records (Petroleum Industry) Rules, 2011, namely:-

1. (1) These rules may be called the Cost Accounting Records (Petroleum Industry) Amendment Rules, 2012.

    (2) They shall come into force with effect from 2nd December, 2012.

2. In the Cost Accounting Records (Petroleum Industry) Rules, 2011, –

(a) In rule 2,

(i) for clause (f), the following clause shall be substituted, namely:-

‘(f) “Form A-XBRL” means the form prescribed in these rules for filing compliance report and other documents with the Central Government in the electronic mode and in the manner prescribed under rule 6 of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011’;

(ii) for clause (g), the following clause shall be substituted, namely:-

‘(g) “Form-B” means the form of the compliance report and includes Annexure to the compliance report and further includes the data or information required to be filed with the Central Government in the manner prescribed under rule 6 of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011’;

(iii) for clause (l), the following clause shall be substituted, namely:-

‘(l) “Product or Activity Group” means the product or activity groups notified vide S.O. 1747(E), dated the 7th August, 2012’;

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Click here to download the complete text of the above Notification in PDF Format.

Source: Ministry of Corporate Affairs.

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