ending with the assessment year during which the entire net worth of such company becomes equal to or exceeds the accumulated losses. Explanation ... purposes of this clause, "net worth" shall have the meaning assigned to it in clause (ga) of sub-section (1) of section
consecutive financial years and accumulated losses equalling or exceeding the net worth of the company as at the end of the second financial year ... stage of erosion of fifty per cent. or more of the net worth of an industrial company is being laid on the Board of Directors
ending with the previous year during which the entire net worth of such company becomes equal to or exceeds the accumulated losses. Explanation ... purposes of this clause, "net worth" shall have the meaning assigned to it in clause (ga) of sub-section (1) of section
same proportion as the net book value of the assets transferred in a demerger bears to the net worth of the demerged company immediately before ... section 44DB. Explanation.—For the purposes of this section, "net worth" shall mean the aggregate of the paid up share capital and general reserves
ending with the assessment year during which the entire net worth of such company becomes equal to or exceeds the accumulated losses. [Inserted ... Explanation. - For the purposes of this clause, "net worth" shall have the meaning assigned to it in clause (ga) of sub-section (1) of section
efficient manufac-
turer and allow a reasonable return on net worth. Paragraph
12 empowers the Government to fix leader prices of formula-
tions of categories ... should be taken into account and
that a reasonable return on net worth should be allowed, and
the provision for a review of the order
pursuance of any previous company law or of this Act; (57) “net worth” means the aggregate value of the paid-up share capital
investment/loan/guarantee up to sixty per cent. of the net worth will not be required if there is no default in repayment of loan
Appellate Authority and includes the Chairman thereof; (ga) [ "net worth" means the sum total of the paid-up capital and free reserves. [Insertd ... financial year accumulated losses equal to or exceeding its entire net worth. [ Substituted by Act 12 of 1994, Section 2, for Clause
writing, whether it is practicable for the company to [make its net worth exceed the accumulated losses] within a reasonable time.
(2) If the Board ... practicable for a sick industrial company to [make its net worth exceed the accumulated losses] [ Substituted by Act 12 of 1994, Section 6, for " make
