It is imperative for all the companies to use assets as per Schedule II. If Asset Audits & Compliance is not considered, then they are required to justify the variation along with technical advice. One can consult for Asset Audits & Compliance and related aspects. We have experts to provide the best solutions.
Useful Life of Plant & Machinery as per Companies Act
A Chartered Engineer & Valuer prepares his impartial report to assess the residual useful life on the basis of the physical condition of the assets. Following documentary evidence needs to be furnished at the time of Inspection :
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