Networth definition

Networth means the sum total, in Indian rupees, of paid up equity capital and free reserves converted at the prevalent conversion rate indicated by the Reserve Bank of India on the date of the application.

Networth means paid-up capital plus free reserves minus accumulated losses.

Networth means net worth as defined in sub-section (57) of section 2 of the Companies Act, 2013;

Examples of Networth in a sentence

• For the Qualification Requirements data provided by the Bidders in foreign currency, equivalent rupees of Networth will be calculated using bills selling exchange rates (card rate) USD/INR of State Bank of India prevailing on the date of closing of the accounts for the respective financial year as certified by their Banker.

• Along with the above format, in a separate sheet, please provide details of computation of Networth duly certified by Statutory Auditor.

• Bidders shall have to furnish a Certificate from Chartered Accountants, certifying the Networth per MW of quoted capacity as on 31st March, 2018.

• Certificate from Chartered Accountants/ Appropriate Authority, certifying the Networth of the bidder per MW of quoted capacity as on 31st March, 2018.

• Net-worth (Mandatory for Non-Individuals) Rs. as on DD MM YYYY(Not older than 1 year)4d.

More Definitions of Networth

Networth means aggregate value of the paid up equity capital and free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated losses, deferred expenditure ( including miscellaneous expenses) not written off and loans and advances to the associates;

Networth means the paid‐in capital of a financial institution plus any reserves held by the institution, including those required by law or regulation, and any undivided profits.

Networth means networth as defined under Companies Act, 2013.

Networth means at any time in respect of the Borrower the amount calculated in accordance with generally accepted accounting principles in Singapore of the aggregate at the time of (i) the amounts paid up or credited as paid up in respect of its issued share capital, and (ii) its retained earnings less the aggregate at that time of (a) all losses carried forward to the extent to which the same have not been taken into account in the computation of retained earnings, (b) the amount of any deficit in reserves and excluding any surplus arising from a revaluation of the assets of the Borrower and (c) any amount attributable to goodwill;

Networth means paid up capital plus free reserves less accumulated losses (deficit) and deferred revenue expenditure remaining unamortized.

Networth means the networth as computed based on the last audited financial statements of the Company.

Networth of Tenant for purposes of this Section shall be the tangible net worth of Tenant (excluding any guarantors) established under generally accepted accounting principles consistently applied.