Board Resolution for
writing off Fixed Assets
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This
is to inform the board that there are number of Fixed Assets which are
appearing in the books of accounts but no longer in use because they have
become obsolete. Out of these obsolete assets only some assets have scrap value
whereas rest of the assets have no resale value. It is proposed to sale the
scrape and write off all such obsolete assets from the books (list of assets
given in Annexure – A) and make necessary correction in the fixed assets register
so that it provide true and fair values of the fixed assets which are
physically exists and in use.
is to inform the board that there are number of Fixed Assets which are
appearing in the books of accounts but no longer in use because they have
become obsolete. Out of these obsolete assets only some assets have scrap value
whereas rest of the assets have no resale value. It is proposed to sale the
scrape and write off all such obsolete assets from the books (list of assets
given in Annexure – A) and make necessary correction in the fixed assets register
so that it provide true and fair values of the fixed assets which are
physically exists and in use.
Hence if
approved following Resolution may be passed:-
approved following Resolution may be passed:-
“RESOLVED THAT the amounts noted against each
of the fixed assets mentioned below (complete list
annexed at Annexure–A)
appearing in the
books of account of the company as on ________, be and are hereby written off.
of the fixed assets mentioned below (complete list
annexed at Annexure–A)
appearing in the
books of account of the company as on ________, be and are hereby written off.
|
S.
NO. |
Details of Fixed Assets
|
Value
of Assets as on ……………. |
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1
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2
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3
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4
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“FURTHER RESOLVED THAT Managing
Director, PACL be and is hereby authorized to take all necessary actions to
implement the board decision.”
Director, PACL be and is hereby authorized to take all necessary actions to
implement the board decision.”
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