Alterations in the Schedule XIV of the Companies Act, 1956 in respect of Intangible Assets

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....anies Act, 1956 (1 of 1956), the Central Government hereby makes the following further alterations in the Schedule XIV of the said Act, namely:- In Schedule XIV to the Companies Act, 1956, after serial number IV relating to Ships and the entries relating thereto, the following serial number and entries shall be inserted, namely:- "V- Intangible Assets 1. Intangible Assets (Toll Road) crea....

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....e from the Intangible Asset as provided to the Project Lender at the time of financial closure/agreement. The amortization amount or rate should ensure that the whole of the cost of the intangible asset is amortized over the concession period. Total Revenue shall be reviewed at the end of each financial year and the projected revenue shall be adjusted to reflect any changes in the estimate w....

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....ate* Year 11 38 Estimate* Year 12 41 Estimate* Year 13 46 Estimate* Year 14 50 Estimate* Year 15 53 Estimate* Year 16 57 Estimate* Year 17 60 Estimate* Year 18 67.5 Estimate* Total 600   '*' will be actual at the end of financial year. Based on this the charge for first year would be Rs. 4.16 Crore (approxi....