Fixed assets register
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2010
Is Manual register for fixed assets mandatory for companies?
09 July 2010
Hi dear,
There is no requirement under companies act or any other law to maintain fixed asset register manually, You can maintain fixed asset register in soft copy.
Regards,
Praveen Maniyar
There is no requirement under companies act or any other law to maintain fixed asset register manually, You can maintain fixed asset register in soft copy.
Regards,
Praveen Maniyar
09 July 2010
Yes it is mandatory. Directly it is not stated in the Companies Act. But Sec 209(1)(c) implies that same need to be maintained by the company.
09 July 2010
Ya but manually is not a criteria you can maintain soft copy duly certified by authorised person/Director
09 July 2010
As per companies act fixed assets register is not mandatory at all. However if your company is covered by CARO, 2004 then it is mandatory for you to maintain the same.
In any case it is advisable to maintain the same for administrative convenience. You can maintain the same in soft copy. But again it is advisable to take printout at reasonable intervals and maintain a register.
Regards
In any case it is advisable to maintain the same for administrative convenience. You can maintain the same in soft copy. But again it is advisable to take printout at reasonable intervals and maintain a register.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
