0.7 (3.39%)| Notes to Accounts | Year End : Mar '11 |
1. Discontinued Operation The operations of the company were discontinued since 24.02.2009. 2. Sale / Transfer of assets Pursuant to the sale agreement with the TTK Healthcare Ltd., all the assets were transferred in the year 2009-2010. 3. Loan to Directors During the period an amount of Rs.45,00,000 has been given to one of the directors, Mr.Sathish as loan, for which Central Government approval is yet to be obtained. 4. TTK Healthcare Receivable An amount of Rs.13,58,381 is being recoverable from TTK Healthcare Ltd. The amount will be received subjects to the No Due Certificate by the Income Tax Department. 5. Forfeiture of Share Advance In the year 2007-08 & 2008-09 the company had received advance money for fresh allotment of share warrant from the public and existing shareholders. However the company has not alloted shares pending receipt of further dues from the applicants and forfeited the advance portion of Rs.52,81,355 which is not due for refund and hence transferred to Reserves. 6. Previous year figures have been regrouped and recast to confirm with current year classification. |
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| Source : Dion Global Solutions Limited | |
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