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Sick Industrial Companies (Special Provisions) Act, 1985 Section 23A
Title: Proceedings on Report, Etc., of Loss of Fifty Per Cent, Net Worth
State: Central
Year: 1985
Matched in: Title Proceedings on Report, Etc., of Loss of Fifty Per Cent, Net Worth
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Amending Act 4
Title: Companies (Second Amendment) Act, 2002
State: Central
Year: 1956
in clause (j) of that section;'; (c) after clause (29), the following clause shall be inserted, namely:-- '(29A) "net worth" means the sum total of the paid-up capital and free reserves after deducting the provisions or expenses as … (i) the accumulated losses in any financial year equal to fifty per cent, or more of its average net worth during four years immediately preceding such financial year; or (ii) failed to repay its debts within any three
View Complete Act List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Section 23
Title: Loss of Fifty Per Cent, Net Worth by Industrial Companies
State: Central
Year: 1985
Matched in: Title Loss of Fifty Per Cent, Net Worth by Industrial Companies
View Complete Act List Judgments citing this sectionBrief the judgments behind these acts
Sick Industrial Companies (Special Provisions) Act, 1985 Section 23
Title: LOSS OF FIFTY PER CENT NET WORTH BY INDUSTRIAL COMPANIES
State: Central
Year: 1985
Matched in: Title LOSS OF FIFTY PER CENT NET WORTH BY INDUSTRIAL COMPANIES
View Complete Act List Judgments citing this sectionFinance Act 1999 Chapter III
Title: Direct Taxes Income-tax
State: Central
Year: 1999
the 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 such demerger. (2D) The cost of acquisition of the original shares held … by the amount as so arrived at under sub-section (2C). Explanation. - For the purposes of this section, "net worth" shall mean the aggregate of the paid up share capital and general reserves as appearing in the books
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 50B
Title: Special Provision for Computation of Capital Gains in Case of Slump Sale
State: Central
Year: 1961
(2) In relation to capital assets being an undertaking or division transferred by way of such sale, the "net worth" of the undertaking or the division, as the case may be, shall be deemed to be the cost … an accountant as defined in the Explanation below sub-section (2) of section 288 indicating the computation of the net worth of the undertaking or division, as the case may be, and certifying that the net worth of the
View Complete Act List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Chapter IV
Title: Proceedings in Case of Potentially Sick Industrial Companies, Misfeasance Proceedings, Appeals and Miscellaneous
State: Central
Year: 1985
as the relevant financial year) have resulted in erosion of fifty per cent., or more of its peak net worth during the immediately1[preceding four financial years],-- (a) the company shall, within a period of sixty days from the … five financial years" (w.e.f. 1-2-1994). Section 23A - Proceedings on report, etc., of loss of fifty per cent, net worth 1[23A. Proceedings on report, etc., of loss of fifty per cent, net worth (1) Without prejudice to the
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Chapter 8
Title: Miscellaneous Provisions
State: Central
Year: 1956
from an auditor from a panel of auditors prepared by the Tribunal indicating-- (a) the reasons of the net worth of such company being fifty per cent, or less than fifty per cent.; or (b) the default in … as may be, by an order in writing, whether it is practicable for the company to make its net worth exceed the accumulated losses or make the repayment of its debts referred to in clause (b) of sub-section
View Complete Act List Judgments citing this sectionCompanies (Second Amendment) Act, 2002 Section 47
Title: Insertion of New Part Via
State: Central
Year: 2002
from an auditor from a panel of auditors prepared by the Tribunal indicating-- (a) the reasons of the net worth of such company being fifty per cent, or less than fifty per cent.; or (b) the default in … as may be, by an order in writing, whether it is practicable for the company to make its net worth exceed the accumulated losses or make the repayment of its debts referred to in clause (b) of sub-section
View Complete Act List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Chapter III
Title: References, Inquiries and Schemes
State: Central
Year: 1985
as soon as may be by order in writing, whether it is practicable for the company to1[make its net worth exceed the accumulated losses] within a reasonable time. (2) If the Board decides under sub-section (1) that it … If the Board decides under sub-section (1) that it is practicable for a sick industrial company to1[make its net worth exceed the accumulated losses] within a reasonable time, the Board, shall, by order in writing and subject to
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