02 February 2010
Fixed assets register is a non-mandatory register to be maintained under companies act, 1956. Hence soft copy of the same is perfectly fine.
02 February 2010
Fixed Asset Register is mandatory in case of companies covered in CARO rules,2003. As per first clause of CARO, the auditor has to comment on whether the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets. So, it is apparent that in case of companies covered in CARO are required to maintain the FA register.
In other case, if the company is maintaining FA register for their convenience they can but not mandatory in that case
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