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Singer India No Longer Sick Company Under BIFR
Singer India No Longer Sick Company Under BIFR
(ii)
(iii)
(iv)
the company should be registered or not less than five years and
has at the end on any financial year and its accumulated losses
should be equal to or exceeding its entire net worth.
(v)
The Board of experts named the Board for Industrial and Financial
Reconstruction (BIFR) was set up in January, 1987 and functional with
effect from 15th May 1987.
five years after incorporation under the Companies Act, 1956 (iii) it should have
50 or more workers on any day of the 12 months preceding the end of the
financial year with reference to which sickness is claimed. (iv) it should have a
factory license.