I wanna know the rules for preparation of FAR, can you please tell me from where i can get all details regarding FAR and which section says about FAR in Companies Act.
28 February 2014
As per company law fixed assets register is not mandatory to maintain. Mandatory Statutory Registers under Companies Act, 1956 Register of Investments not held by company in its own name u/s 49(1) Register of fixed deposit under Acceptance of Deposit Rules, 1975 Register of Securities bought back u/s 77A. Register of Charges u/s 143. Register & Index of Members u/s 150 & 151. Register of Debenture holders u/s 152 Register of Beneficial Owner u/s 152A. Register of Foreign Members u/s 157. Process dings of General & Board Meetings (Minutes) u/s 193. Books of Accounts u/s 209 Cost Records u/s 209(1)(d). Register of Contracts in which Directors are interested u/s 301. Register of Directors, Manager & Secretary u/s 303. Register of Directors’ Shareholding u/s 307. Register of Inter Corporate Loans & Investments u/s 372A. Register of Renewed & Duplicate Share Certificate. Non-Mandatory Statutory Registers under Companies Act, 1956 Director Attendance book. Shareholder/Proxy Attendance book. Register of Sealed Documents. Register of Share Application & Allotment. Register of Share Transfer/ Transmission. Register of Dividend. Register of Power of Attorney/Probate etc. Register of Dividend Mandate. Register of Bank Account Particulars. Register of Electronic Clearing Service. Register of Fixed Assets. Register of Form 24AA from Directors Register of Nominations received. Register of Share Warrants. Register of Proxies.
its not a stat requirement, but looking at it from internal control angle its suggested/recommended to maintain
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