Section 2(57) net worth
Effective from 12-09-2013
Regulation2(s)of LODR
“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
Inserted vide Companies (Amendment) Act, 2017 dated 03.01.2018 effective from 09.02.2018. To view the notification,Click Here
Commencement Notification dated 09.02.2018
Enforcement notification S.O.2754 (E) dated 12/09/2013
The Companies (Amendment) Act, 2017 (Effective from 03.01.2018)