Tag Archives | Industrial Sickness

Industrial Sickness

The sick industrial companies (special provision) act 1985, defined sickness in terms of "cash losses for two consecutive financial years and accumulated loses equaling or exceeding the net worth of the company at the end of the second financial year". The problem of industrial sickness is nothing peculiar to our economy or any developing coun­try. It is also present in [...]

By |2020-05-05T17:18:38+05:30May 5, 2020|Industrial Sickness|Comments Off on Industrial Sickness

Causes of Industrial Sickness

Everything you need to know about the causes of industrial sickness. Industrial sickness does not result in one day. It sets in and gradually weakens the unit over a period of time. Various symptoms which signify the setting in of the industrial sickness are- slowdown in production and sales cycle, frequent shortages of funds and too often resorting to outside [...]

By |2019-09-10T17:35:57+05:30September 10, 2019|Industries|Comments Off on Causes of Industrial Sickness
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