infrastructural projects The term “infrastructural projects” or “infrastructural facilities” includes the following projects or activities:— (1) Transportation (including inter modal transportation), includes the following:— (a) roads, national highways, state highways, major district roads, other district roads and village roads, including toll roads, bridges, highways, road transport providers and other road-related services; (b) rail system, rail […]

Appointments No person shall be eligible for appointment as a managing or whole-time director or a manager (hereinafter referred to as managerial person) of a company unless he satisfies the following conditions, namely: — (a) he had not been sentenced to imprisonment for any period, or to a fine exceeding one thousand rupees, for the conviction of an offence under any

Code for Independent Directors The Code is a guide to professional conduct for independent Directors. Adherence to these standards by independent Directors and fulfilment of their responsibilities in a professional and faithful manner will promote confidence of the investment community, particularly minority shareholders, regulators and companies in the institution of independent Directors. Guidelines of professional conduct: An independent director shall: (1)

Financial Statements for a Non-Banking Financial Company (NBFC) whose financial statements are drawn up in compliance of the Companies General Insturctions for Preparation of Financial Statements of A Non- Banking Financial Company (NBFC) That is Required to Comply With Indian ACCOUNTING STANDARDS (Ind AS) Every Non-Banking Financial company as defined in the Companies (Indian Accounting Standards) (Amendment) Rules,

Financial Statements for a company whose financial statements are drawn up in compliance of the Companies (Indian Accounting Standards) Rules, 2015. General Instructions for Preparation of Financial Statment of A Company Required to Comply With Ind AS 1, Every company to which Indian Accounting Standards apply, shall prepare its financial statements in accordance with this Schedule or with such

Financial Statements for a company whose Financial Statements are required to comply with the Companies Where compliance with the requirements of the Act including Accounting Standards as applicable to the companies require any change in treatment or disclosure including addition, amendment, substitution or deletion in the head or sub-head or any changes, inter se, in the financial statements or

USeful Lives to Compute Depreciation Subject to Parts A and B above, the following are the useful lives of various tangible assets: Nature of assets Useful Life I. Buildings [NESD]   (a) Buildings (other than factory buildings) RCC Frame Structure 60 Years (b) Buildings (other than factory buildings) other than RCC Frame Structure 30 Years

USeful Lives to Compute Depreciation  The useful life or residual value of any specific asset, as notified for accounting purposes by a Regulatory Authority constituted under an Act of Parliament or by the Central Government shall be applied in calculating the depreciation to be provided for such asset irrespective of the requirements of this Schedule.

Useful Lives to Compute Depreciation Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. The useful life of an asset is the period over which an

Articles of Association of AN UNLimited Company and Not Having Share Capital The number of members with which the company proposes to be registered is hundred, but the Board of Directors may, from time to time, whenever the company or the business of the company requires it, register an increase of members. The subscribers to the memorandum and such other persons as the Board shall admit to membership shall