A) Accounting Convention:
The Financial Statements have been prepared on historical cost
convention and are in accordance with normally accepted Accounting
B) Income & Expenditure:
Income is accounted for on Accrual Basis, except Dividend and
Expenditure are accounted on Cash Basis.
C) Fixed Assets & Depreciation:
i) All Fixed Assets are accounted for at cost inclusive of legal and/or
installation and incidental expenses less depreciation.
ii) Depreciation on all fixed assets have been provided on straight
line basis as per rates prescribed under Schedule XIV to the Companies
Act, 1956 except on NSE & OTC membership card where no depreciation has
i) Inventories of Programme Software have been stated at cost.
None of the employees have put into the qualifying period of
F) Miscellaneous Expenditue:
i) Share Issue Expenses & Preliminary Expenses are being written off
equally over a period of ten years.
ii) Deferred Revenue Expenses, represent amount paid for increase in
Authorised Capital are being written off equally over a period of five
Investment are stated at cost. Some of the shares are not held in