Dear Prasad,
I have gone through your format. However, it needs further improvisation on the following counts:
- **Date of Purchase:** The date of purchase of the asset is not mentioned.
- **Asset Damage:** Suppose the allottee damages the asset out of negligence. Will you recover the depreciated value of the asset, or is the original price of the asset not mentioned?
- **Asset Aging:** What about the aging of the asset? What is the technical life period, and what is the economic life period?
- **Cross-Transfer of Assets:** What about the cross-transfer of the assets? Is it permissible?
- **Repair and Maintenance Costs:** Who will bear the routine repair and maintenance costs? For example, if the motherboard of the laptop becomes unserviceable, who will bear the servicing cost, the company, or the allottee?
There are so many questions associated with the allotment of company assets. You need to take a comprehensive look at it.
Thanks,
Dinesh Divekar