Amendment to Schedule XIV to the Comapnies Act,1956

Schedule IV has been amended to define depreciation rates for Mineral oil Concerns – Field operations (above ground)Portable boilers, drilling tools, well-head tanks, etc. (NESD) and Rigs (NESD).


The amendment notification is attached herewith.








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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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