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- Section 2 of Companies Act 2013--- Clause (57) “net worth” means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
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Mar 14, 2023 · Definition of term `networth' in SEBI (Issue and listing of Non-convertible securities) Regulations, 2021 is linked to one provided by Companies Act, 2013. Section 2(57) of Companies Act 2013, provides for calculation of networth.
Apr 23, 2015 · As per Schedule III of Companies Act, 2013, one of the criteria for classification of an asset as a current asset is that the asset is expected to be realised in the company’s operating cycle or is intended for sale or consumption in the company’s normal operating cycle.
5 days ago · The term related party shall have the same meaning as given in clause 76 & 77 of Section 2 of Companies Act 2013 to be read with Rule 4 of the Companies (Specification and definition details) Rules, 2014. 5. Prepaid Expenses, losses. This shall include: Prepaid expenses and losses as per Balance Sheet / Trial Balance.
Section 198. Calculation of Profits. [ Effective from 1st April, 2014] (1) In computing the net profits of a company in any financial year for the purpose of section 197,— ( a) credit shall be given for the sums specified in sub-section (2), and credit shall not be given for those specified in sub-section (3); and.
For the purpose of computing the net worth, reference should be made to the definition under the Companies Act, 2013. In accordance with section 2 (57) of the Companies Act, 2013, net worth is computed as follows: Net worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities
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Section 2 (57) definition of ‘‘net worth’’ modified, it says that only paid up capital, share premium and reserves created out of profit will be treated as net worth. Credit balance in Statement of Profit & Loss has been left out. Section 2 (59) definition of “Officer” modified to include CEO/ CFO or any
of Section 2 of Companies Act 2013 to be read with Rule 4 of the Companies (Specification and definition details) Rules, 2014. 7 Prepaid Expenses, losses This shall include: Prepaid expenses and losses as per Balance Sheet / Trial Balance. Preliminary / Deferred revenue / Pre-operative expenses / Deferred Tax Asset/ MAT credit not written-off ...
