Net worth certificate
This query is : Resolved
08 December 2016
How to workout the net worth of a private limited company ?
08 December 2016
You have to add total assets deduct Liabilities to arrive net worth
09 December 2016
Please note the following definition of Net Worth as per Companies Act, 2013 :
2(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;
2(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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