Dividends Declaration of Whether “specified period” is to be determined with reference to original cost and yearly quantum of depreciation.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ined with reference to original cost and yearly quantum of depreciation. Query: It is not clear how the "specified period" as referred to in sub-section (5) is to be worked out in existing companies where a portion of depreciation has already been written off. It may be considered whether as a matter of practical convenience, the balance of the written down cost could be divided by the number of ....