more than 20 waste pickers from
different parts of the city collects wastes materials. They gather at
a common place ,sorts,classifies and redistributes those materials
among themselves . They sells them at different places. Is this
an illegal association ?If yes ,is'nt this an infrinchment of human rights
?

What is the Maximum available depreciation on any asset as per Companies Act 1956, whether one use SLM or WDV method of Depreciation for Single, Double or Triple Shift of Working. Please explain in context to Companies Act, 1956.

I would like to know when does the section 187 C gets attracted in detail if possible

Dear Sir,

What item of Balance sheet to be considered for calculation of Net worth of Company?

I have read and heard that The rates prescribed under India companies act under 1956 for depriciation are bare minimum rates. One can go for higher rates of depriciation also.

Does any conditions are attached in claming higher rates of deprication ?

Is there any case law or judgement of rules which provides for the resonability of higher depriciation?

If reasonable cause is the condition, how a reasonable cause be defined ?

Other attached conditions/informations in this regard.

Please help me out in respect of this query

U/S 205 & 350 there is defined bare minimum depreciation rate for different assets, my question is if we want to depreciate an asset at more than the rate difined under company's act, how can we do so.

With Best Regards,
Sabir Mulla

In a private company, Can capital a/c be debited for any withdrawl ? Is there any Drawings a/c in a company ? Please answer for both public limited and private limited company ?

Is Bank Closing is a Public Holiday with reference to holding AGM by a Company.

is it necessary for a charitable trust to get itself registered u/s 12AA ,if it proposed to carry out a project u/s 35AC , or will it be right if only its project is approved u/s 35AC

Hi,

Wanted to understand the provisions of companies act for depreciation:

If we have purchased any asset, and it is ready to use, but it is not put to use, whether the depreciation should be charged on the same?

For eg., our company has purchased a licenced software to be used in new product. The software cost will be depreciated in the due course.

The product in which it is to be used is under developement, and not yet ready. Hence, the software can also not be used till the time the product is ready.

In such a situation, what is the depreciation treatement for the software licence cost?

Regards,
Rajen