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Far not maintained

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(Querist)
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
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
22 November 2011 Maintenance of FAR is not mandatory in companies act, 1956 hence no penalty prescribed.

RG

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