Net worth fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2015
please Format of Net Worth Fund
CA Sanat Pyne
(Expert)
22 December 2015
Section 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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