[3] The Company has only one class of Equity Shares, having a par value of Rs.5/- per share. Each Share Holder is eligible to one vote per share held. The Dividend proposed, if any, by the Board of Directors is subject to approval of Share Holders in the ensuing Annual General Meeting, except in case of interim Dividend. The repayment of equity Share Capital in the event of Liquidation and buyback of Shares are possible subject to prevelent regulations. In the event of Liquidation, normally, the equity shareholders are eligible to receive the remining assets of the Company, after distribution of all preferential amounts in proportion to their shareholding.
[4] The Company has only one class of Equity Share. The PAR value of the shares issued was Rs. 10 per share. With the approval of the members in Extra-Ordinary General Meeting, the PAR value of the share reduced to Rs. 5 per share with effect from 22nd February, 2019.
[5] There were no unpaid calls due from Directors/ officers of the Company.
[6] RIGHTS OF SHAREHOLDERS, DIVIDENDS AND REPAYMENT OF CAPITAL
A] Holder of equity shares is entitled to one vote per share.
B] The company declares and pays dividend in Indian rupees. The Companies Act, 2013 provides that dividend shall be declred only out of the profits of relevant year or out of the any previous years after providing for depreciation in accordance with the provisions of the act and the company may transfer such percentage of its profits for that financial year as it may consider appropriate to the reserves of the company.
C] In case of inadequacy or absence of profits in any year, the company may declare dividend out of free reserves subject to the condition that the rate of dividend shall not exceeding average of the rates which dividend was declared by the company in three years immediately preceeding that year.
D] In the event of liquidation of company, the holder of shares shall be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The amount distributed will be proportion to the number of equity shares held by the shareholders.
[ 25 ] sundry creditors includes amount due to ssi, micro, small and medium enterprises as on 31.03.2024: rs. nil (nil) with available information from micro, small and medium enterprises regarding their registration with central/state government authorities the disclosure as per section 23 of the micro small medium enterprises development act, 2006 is made. .
[ 26 ] The company is NBFC and registred under RBI as Base Level and as per the master direction of RBI regarding to the Disclosure in the Financial statement is not applicable as the company is investing and not related to any specific sector and disclosure in regarding is not applicable.
[27] Balance Of Unsecured Loans, Sundry Creditors, Sundry Debtors Are Subject To Confirmation
[ 28 ] Figures of previous year have been regrouped / rearranged wherever necessary.
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