I was looking for List of Registered Sick SME in Pune and Mumbai. The List should contain their names, address, telephone number and also email address - if possible. Thanks.
From India, Mumbai
From India, Mumbai
Dear Friend
What is sick?
If the enterprise runs in loss for consecutive 3 years then it will be considered as Sick Unit. Do you think the small Entrepreneur can withstand for 3 year loss continuously?. If he withstands the loss for consecutive 3 years, then the SME can declared / registered as Sick SME. If the ownership changes due to loss occurred continuously for 1 or 2 or 3 years then also the enterprise cannot get registered as sick due to new owner and the enterprise name also gets changed. If the entrepreneur withstands and survives then he cannot be classified in the MSME or the loss may not be the actual.
Dear Ms.(Cite Contribution)
I was also searched for the same in 2004 for doing my M.Phil in Economics. But this was the reply I got from a clerk from SME Department, Guindy, Chennai.
From India, Kumbakonam
1168What is sick?
If the enterprise runs in loss for consecutive 3 years then it will be considered as Sick Unit. Do you think the small Entrepreneur can withstand for 3 year loss continuously?. If he withstands the loss for consecutive 3 years, then the SME can declared / registered as Sick SME. If the ownership changes due to loss occurred continuously for 1 or 2 or 3 years then also the enterprise cannot get registered as sick due to new owner and the enterprise name also gets changed. If the entrepreneur withstands and survives then he cannot be classified in the MSME or the loss may not be the actual.
Dear Ms.(Cite Contribution)
I was also searched for the same in 2004 for doing my M.Phil in Economics. But this was the reply I got from a clerk from SME Department, Guindy, Chennai.
From India, Kumbakonam
A firm or a company is said to be SICK when it\'s NET WORTH becomes negative and incurred Cash Losses for three years consecutively. A Sick company has to compulsorily register with the Board for Industrial & Financial Reconstruction, a quasi judicial body headed by the Chairman at New Delhi with regional Board at Chennai. All firms who have registered with BIFR can be obtained from their office at Shastri Bhavan, Chennai. For further reading obtain a bare act of Sick Industrial Companies (Special Provisions) Act.kumar.s.
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Never Feel Sick Again.pdf