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Mar 21, 2024 · “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 ...
THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
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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.
The Ind AS in the first phase shall be applicable to all companies, listed or unlisted, with a net worth of Rs 500 crore or more (along with their holding, subsidiary, joint venture or associate companies) and which shall be required to adopt Ind AS for accounting periods commencing on or after 1 April 2016.
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Feb 2, 2017 · A1. SPICE refers to “Simplified Proforma for Incorporating Company Electronically”. It is a simplified integrated process for incorporating a company in Form No. INC-32 along with e-MOA in Form No. INC-33 and e-AOA in Form No. INC-34. It has been recently introduced by the MCA and is effective from 1 October 2016.
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Regulations, Net worth means net worth as defined in sub-section (57) of 2015 section 2 of the Companies Act, 2013 Companies 2(57) “Net worth” means the aggregate value of the paid-up
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