Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (29)  Defn. of the term Modify and Modification
And 

Sec. 2 (29A) - Defn. of the term NET WORTH


29) "modify" and "modification" shall include the making of additions and omissions; 

¹⁹[(29A) "net worth" means the sum total of the paid-up capital and free reserves after deducting the provisions or expenses as may be prescribed.

Explanation.-For the purposes of this clause, "free reserves" means all reserves created out of the profits and share premium account but does not include reserves created out of revaluation of assets, write back of depreciation provisions and amalgamation;] 

19. Ins. by Act 11 of 2003, sec. 2 (w.e.f. 1-4-2003).