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Industrial sickness is defined all over th … Industrial sickness is defined all over the world as "an industrial company (being a company registered for not less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".mmediately preceding such financial year".
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, http://www.thehindubusinessline.in/2004/07/15/stories/2004071500041100.htm +
, http://indiabudget.nic.in/es2001-02/chapt2002/chap79.pdf +
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Industrial sickness is defined all over th … Industrial sickness is defined all over the world as "an industrial company (being a company registered for not less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".mmediately preceding such financial year".
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Industrial sickness
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