Amendment in schedule II of Companies Act, 2013

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..... nferred by sub-section (1) of section 467 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following amendments further to amend Schedule II of the said Act with effect from the date of publication of this notification in the Official Gazette, namely:- 1. In Schedule II of the Companies Act, 2013,-------- (a) in Part 'A', in paragraph 3, for sub-paragraph (i), .....

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..... and where cost of a part of the asset is significant to total cost of the asset and useful life of that part is different from the useful life of the remaining asset, useful life of that significant part shall be determined separately. (b) The requirement under sub-paragraph (a) shall be voluntary in respect of the financial year commencing on or after the 1st April, 2014 and mandatory for finan .....

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