betterjobs

Free form template · Word

Company Asset Handover Form

A company asset handover form is a single document that lists every company asset given to an employee, from laptop and phone to tools, keys, cards and furniture, with its value and condition. HR or admin uses it at onboarding, or when a role change brings a new bundle of assets.

  • Editable Word (.docx)
  • Made for India
  • 24 fill-in fields highlighted
  • Free, no sign-up

Preview of the form

[Highlighted] = fill in
[Company Logo][Company Name]

COMPANY ASSET HANDOVER FORM

Handover No.:
[Reference Number]
Date:
[Date]
Company:
[Company Name]
Location:
[Work Location]

1. Employee Receiving the Assets

Employee Name[Employee Name]
Employee ID[Employee ID]
Designation[Designation]
Department[Department]
Date of Joining[Date of Joining]
Reporting Manager[Reporting Manager]

2. Previous Holder (if assets are transferred)

Name[Previous Holder Name]
Employee ID[Employee ID]
Reason: Exit / Transfer / Role Change

3. Assets Handed Over

S. No.CategoryAsset IDDescription / Make / ModelSerial / Reg. No.Value (₹)ConditionIssued By
1IT – Laptop / Desktop[Asset ID][Make / Model][Serial Number][Amount][Condition]IT
2IT – Mobile / SIM[Asset ID][Make / Model][IMEI / Mobile Number][Amount][Condition]Admin
3ID / Access Card[Asset ID][Card Type][Card Number][Amount][Condition]Security
4Keys / Furniture[Asset ID][Description][Key Number][Amount][Condition]Admin
5Tools / Equipment[Asset ID][Description][Serial Number][Amount][Condition]Stores
Total value of assets handed over: ₹[Amount]
Photographs attached: Yes / No
Annexures (device-specific forms)[List]

4. Custody Undertaking

  1. All assets listed above belong to [Company Name] and are given to me for official use.
  2. I will take reasonable care of the assets and use them as per company policies.
  3. I will not sell, lend, pledge, modify or remove any asset from company premises without approval, except portable assets issued for remote or field work.
  4. I will inform my manager and the issuing department immediately of any loss, theft or damage.
  5. I will return all assets in good working condition, subject to normal wear and tear, on exit, transfer or when requested.
  6. Loss or damage caused by my negligence may be recovered as per the company asset policy.

5. Acknowledgement

I, [Employee Name], acknowledge that I have received the assets listed above in the condition stated and accept responsibility for their safe custody.

Employee
[Employee Name]
Date: [Date]
IT Department
[IT Executive Name]
Date: [Date]
Admin / Stores
[Admin Name]
Date: [Date]
Reporting Manager
[Reporting Manager]
Date: [Date]

What this template includes

  • One consolidated table covering all asset categories
  • Book or replacement value for each asset, which helps in loss recovery
  • Condition and photographs at handover
  • Handover from a previous holder, when assets move between employees
  • Department-wise issuer signatures for IT, admin and stores
  • General custody undertaking

When to use it

  • Onboarding, when several assets are issued on day one
  • Handing a new manager the assets that belonged to their predecessor
  • Issuing tools and equipment to field engineers or technicians
  • A role change that adds a vehicle, phone or cards

How to customise this template

  1. 1Add your asset categories and delete those you do not issue
  2. 2Fill the value column from your fixed asset register
  3. 3Use the previous-holder section only for peer-to-peer handovers
  4. 4Have each department sign only against the items it issues
  5. 5Keep the device-specific issue forms as annexures for laptops or vehicles

HR tips

  • Use one handover form per employee per occasion, so the full picture is in one place
  • Include low-value items like keys and drawer locks; they cause most exit delays
  • Record values at the time of handover, not purchase, if your policy uses depreciated value
  • Scan the signed copy into the employee's digital file

Any recovery for loss or damage should follow the company asset policy and applicable wage laws; review recovery terms with your legal adviser.

For HR & hiring managers

Hire top talent from BetterJobs

Experienced and fresher candidates across India — blue, grey and white collar. Post a job in 5 minutes and start receiving applications.

  • Post in 5 minutesDescribe the role in one line — we write the job description.
  • Verified applicantsEvery applicant has a verified mobile number.
  • Resume databaseSearch experienced candidates by skill, city and experience.

Frequently asked questions

What is a company asset handover form?+

It is a record of all company property given to an employee, with identifiers, condition and value, signed by both the issuing departments and the employee.

Should asset value be mentioned in the handover form?+

It is useful. A stated value makes the employee aware of the responsibility and helps settle loss or damage cases fairly.

How is a handover form different from an asset acknowledgement form?+

The handover form is the detailed inventory of items given. An acknowledgement form is usually a shorter declaration accepting the asset policy and custody responsibility.