Average Net Profit means profit calculated as per Section 198 of the Companies Act, 2013.

Average Net Profit here means average net profit calculated in accordance with the provisions of section 198 of the Companies Act, 2013

Average Net Profit means net profit as computed in accordance with section 198 of the Act.

Examples of Average Net Profit in a sentence

As the Average Net Profit of IFCI Limited for preceding 3 years was negative, IFCI was not required to allocate any amount for CSR activities for FY 2019-20, however, considering the recognition of IFCI brand in social development of the Nation, a token amount of `0.05 crore was allocated and transferred to ISF for carrying out CSR activities on behalf of IFCI.
During the year 2019-20, as the Average Net Profit of IFCI Limited for preceding 3 years was negative, IFCI was not required to allocate any amount for CSR activities for FY 2019-20, however, considering the recognition of IFCI brand in social development of the Nation, a token amount of `0.05 crore was allocated and transferred to ISF for carrying out CSR activities on behalf of IFCI.
Average Net Profit for the preceding three Financial Years: Rs.2012.84 Lakhs as per Section 135(5) of the Companies Act, 2013.
Two percent of Average Net Profit of the Company as per section 135(5).
In case the Company has failed to spend the two per cent, of the Average Net Profit of the last three Financial Years or any part thereof, the Company shall provide the reasons for not spending the amount in its Board report:Not Applicable.

More Definitions of Average Net Profit

Average Net Profit means average net profit to be calculated as per Section 198 of Companies Act, 2013 for preceding three financial years. It shall have the same meaning as prescribed in Section 135 of the Act read with the relevant Rules.

Average Net Profit means profit calculated as per Section 198 of theCompanies Act, 2013.

Average Net Profit means the profit calculated in accordance with the provisions of Section

Average Net Profit means average of net profits of the company made during the 3 immediately preceding financial years.

Average Net Profit means the profit calculated in accordance with the provisions of Section 198 of the Act.

Average Net Profit means net profit computed in accordance with the provisions of section 198 of the Act 2013. For the purpose of first CSR reporting, the net profit shall mean average of annual net profit of the preceding three financial years ending on or before 31st March, 2020.

Average Net Profit means the aggregate Net Profit for each of the financial years in the relevant period divided by the number of financial years in such period; and