1 Where Bonds / Debentures are redeemable by instalments, the date of
 maturity for this purpose must be reckoned as the date on which the
 first instalment becomes due.
 
 2 Share ApplicationMoney
 
 (i) The terms and conditions and number of shares proposed to be
 issued, premium, in any, and the period before which shares shall be
 allotted shall be disclosed.
 
 (ii) It shall be disclosed whether the company has sufficient
 authorised capital to cover the share capital amount.
 
 (iii) The period for which the share application money has been pending
 beyond the period for allotment shall be disclosed.
 
 (iv) Share application money not exceeding the issued share capital and
 to the extent not refundable shall be shown under equity and share
 application money to the extent refundable i.e., the amount in excess
 of subscription or in case, the requirements of minimum subscription
 are not net, it shall be separately shown under ''Other Current
 Liabilities?.
 
 3 A liability shall be classified as current when it satisfies any of
 the following criteria:
 
 (a) it is expected to be settled in the company''s normal operating
 cycle;
 
 (b) it is held primarily for the purpose of being traded;
 
 (c) it is due to be settled within twelve months after the reporting
 date; or
 
 (d) the company does not have an unconditional right to defer
 settlement of the liability for at least twelve months after the
 reporting date. Terms of a liability that could at the option of the
 counterparty, result in its settlement by the issue of equity
 instruments do not affect its classification.
 
 All other liabilities shall be classified as non- current.
 
 4 An asset shall be classified as current when it satisfies any of the
 following criteria:
 
 (a) it is expected to be realized in, or is intended for sale or
 consumption in, the company?s normal operating cycle;
 
 (b) it is held primarily for the purpose of being traded;
 
 (c) it is expected to be realized within twelve months after the
 reporting date; or
 
 (d) it is cash or cash equivalent unless it is restricted from being
 exchanged or used to settle a liability for at least twelve months
 after the reporting date.
 
 All other assets shall be classified as non-current.
 
 5 A receivable shall be classified as a „trade receivable? if it is in
 respect of the amount due on account of goods sold or services rendered
 in the normal course of business.
 
 6 A payable shall be classified as a „trade payable? if it is in
 respect of the amount due on account of goods purchased or services
 received in the normal course of business.
 
 7 Broad heads shall be decided taking into account the concept of
 materiality and presentation of true and fair view of financial
 statements.
 
 NOTE - 1 Dues to Micro and and small enterprises as defined under the
 MSMED Act , 2006
 
 There are no dues to Micro & Small Enterprises as defined under the
 MSMED Act, 2006
 
 NOTE - 2 Contingent Liabiltiy
 
 The Company has opted for One Time Settlement option with The Sabarmati
 Co-op Bank ( in liqidation) for repayment of Loan in 12 monthly
 Instalemnt. The bank has debited Rs.55150/- in the same account for
 which as explained by management, no clarification was available from
 the Bank. The management is persuing the matter with the bank. As such
 Rs.55150/- has been added to the liability which has not been
 recognised by the Company yet.