Section 641(1) of the Companies Act, 1956 - Power to alter Schedules - Amendment in Schedule XIV to Companies Act, 1956 - G.S.R. 500(E). - Companies Law
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Depreciation rates updated for float glass melting furnaces under Companies Act; new single-shift WDV and SLM rates prescribed. The Central Government, under Section 641(1) of the Companies Act, 1956, amended Schedule XIV by inserting an asset entry 'Float Glass Melting Furnaces [NESD]' under Plant and Machinery and prescribing its depreciation treatment: single-shift Written Down Value and Straight Line Method rates are set in the schedule while double- and triple-shift columns for that entry remain unfilled; the amendment is notified as G.S.R. 500(E) dated 18-8-1998.
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Depreciation rates updated for float glass melting furnaces under Companies Act; new single-shift WDV and SLM rates prescribed.
The Central Government, under Section 641(1) of the Companies Act, 1956, amended Schedule XIV by inserting an asset entry "Float Glass Melting Furnaces [NESD]" under Plant and Machinery and prescribing its depreciation treatment: single-shift Written Down Value and Straight Line Method rates are set in the schedule while double- and triple-shift columns for that entry remain unfilled; the amendment is notified as G.S.R. 500(E) dated 18-8-1998.
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