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Residual value taken as 0%, then justification required???

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2015 Hi everyone,

Can you please suggest that if i am taking residual value of asset at 0%, then whether i should give justification for that. because as per Company Act 2013, Justification required if res. value is different from Act, but in the Act it is mention that % shall not be more than 5%, so 0% is also not more than 5%. so as per my view, no justification required

Plz Explain???

Regards

CA Puneet Garg
ca.puneet2011@gmail.com
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
18 February 2015 no justification required if already it has no residual value.
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