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Moneycontrol.com India | Notes to Account > Hospitals & Medical Services > Notes to Account from Invicta Meditek - BSE: 523844, NSE: N.A
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Invicta Meditek
BSE: 523844|ISIN: INE537B01011|SECTOR: Hospitals & Medical Services
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« Mar 09
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.
Source : Dion Global Solutions Limited
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