Far not maintained

This query is : Resolved 

03 November 2011 if fixed asset register is not maintained as per the companies act,1956, what are penal provisions applicable

Plz reply, ASAP
Thanks in Advance

Thanks & Regards
Satyajeet

22 November 2011 Maintenance of FAR is not mandatory in companies act, 1956 hence no penalty prescribed.

RG



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