Notification for Amendment to Schedule II

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....n 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following alterations to Schedule II to the said Act, namely:- 1. In Schedule II, (1) in Part 'A', in para 3, for sub-paragraphs (i) to (iii), the following sub-paragraphs shall be substituted, namely:- "(i) The useful life of an asset shall not be longer than the useful life specified in Part 'C' and t....

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....-------------- x 100 Cost of Intangible Assets (A)   Amortisation Amount = Cost of Intangible Assets (A)        x   Actual Revenue for the year (B) --------------------------------------------------------- Projected Revenue from Intangible Asset (till the end of the concession period) (C) (b) Meaning of particulars are a....

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.... Cost of creation of Intangible Assets : Rs. 500/- Crores Total period of Agreement : 20 Years Time used for creation of Intangible Assets : 2 Years Intangible Assets to be amortised in : 18 Years   Assuming that the Total revenue to be generated out of Intangible Assets over the period would be Rs. 600 Crores, in the following manner:- Year No. ....

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....e charged to profit and loss and 0.83% (i.e. Rs. 4.16 Crore/ Rs. 500 Crore x 100) is the amortisation rate for the first year. Where a company arrives at the amortisation amount in respect of the said Intangible Assets in accordance with any method as per the applicable Accounting Standards, it shall disclose the same.". (2) in Part 'C', in para 5, in item IV, in sub-item (i), for clause (b)....