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of <h1>New Depreciation Rates for Aircraft Equipment Introduced in Companies Act 1956, Schedule XIV Amended</h1> The Department of Company Affairs, under the Ministry of Law, Justice, and Company Affairs, issued Notification No. GSR 788(E) on November 4, 1994, exercising the power under Section 641(1) of the Companies Act, 1956. This notification alters Schedule XIV of the Act, specifically under the section 'II. Plant and Machinery.' The changes include substituting new depreciation rates for aeroplanes, aero engines, simulators, visual systems, and quick engine change equipment, with specified rates for single, double, and triple shifts. Additionally, sub-item C.1 has been omitted from the schedule.
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