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)


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