NETWORTH CERTIFICATE

I/ We certify that the Networth of _____________________________________ as on ___________________ as per the computation given hereinbelow is Rs. _____________ (Rupees : ____________________________ ) only.

Computation of Networth

		Rs.	Rs.	
	Share Capital	---
		
Add:  	Free Reserves	---		
			---	
Less :	Non-allowable assets 			
	1.    Accumulated losses	---		
	2.    Receivable (more than 6 months old)	---		
	3.    Receivables from group companies	---		
	4.    Intangible Assets	---		
	5.    Preliminary and pre- operative expenses not     
       written off.	---		
	6.   Value of Stock exchange card	---		
	7.    Pledged securities 	---		
	8.    Pledged Assets	---		
	9.    Investments in group companies	---		
	10.  Networth required for other depositories	---		
	11.  Loan and Advances to group companies / 
       associates	---		
			---	
	                                  Networth Available		---	

I/ We further certify that the above Computation of Networth is based on my/ our verification of the books of accounts, records and documents of ___________________________ and as per the explanations given and information provided to my/ our satisfaction and is true and correct to the best of my/ our knowledge and belief.
                                                                                    For
                    				                        (Name of the Firm)

                                                                                            (Signature)
Place                                                                 (Name of Partner/ Sole Proprietor)
Date						     Membership Number ________

Note : This certificate shall be given on the letterhead of the Chartered Accountant's Firm.	

 Share capital means paid up share capital excluding share application money.
Free reserves-   self-explanatory
Accumulated losses – total loss incurred by Co. as on 31.03.04
Receivable (more than 6 months old) means debtors out standing for more then 6 months as on 31.03.04 
Receivable from group companies means receivable from the company under the same management.
Value of Stock exchange card i.e value of BSE card as shown in the B/S
Intangible Assets means those assets which are classified in B/S as intangible assets. 
Preliminary and pre- operative expenses not w/off i.e. as shown in B/S as on 31.30.04  
Networth required for other depositories i.e. if you are a depository of NSDL then you have to deduct 1 crores from the net worth otherwise not applicable.    
Pledged securities/Pledge assets – pledged for obtaining loan or other things but excluding for margin money
Loan and Advances to group companies / associates
- Loans and advances given to the company under the same management