MCQOPTIONS
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| 1. |
According to Companies (Amendment) Act, 2002 these units are called sick :(a) Whose accumulated losses in the year are equal or more than 50% of net worth of its four preceeding years.(b) Who failed to repay its debts in the preceding three quarters on written demand by creditors.Answer options : |
| A. | (a) only |
| B. | (b) only |
| C. | (3) both (a) and (b) |
| D. | Neither (a) nor (b) |
| Answer» D. Neither (a) nor (b) | |