Schedule ii - companies act 2013

Hi 

I amd currently doing Schedule II analysis for a company and facing lot of issues while interpreting Schedule II mainly from definition perspective.

Like interpretation and what type assets whould be classified under asset catagories given in the Schedule II.

General query :

Is there any guidence available for this i.e some examples of assets given for each asset catagory?

Specific query : 

What should be considered under factory building? In explanation they say, it should not include offices, godowns and staff quarters.

My client has a plant in hyderabad. He mainly has factory offices in the premises which were taken as factory building till now.

Should these buildings will no more qulify as factory building?

In my opinion , then they should be taken as building (other than factory) - RCC / Non RCC structure even if they are situated at plant. But I still need to make sure the same.

Taking que from above interpretation , factory building would then constitute only that structure which is protacting plant and machinery at plant.

In that case what about pantry structures, or cold storage structures ?

Please contribute. :)

Replies (1)

Please ignore spelling errors.. 

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