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0 | Notes to Accounts | Year End : Mar '12 |
(a) Rights/ preferences/ restrictions attached to equity shares The company has only one class of equity shars having a par value of Rs. 10 per share Each holder of equity shares is entiltled to one vote per share. Note : Debit balance of statement of profit and loss shall be shown as a negative figure under the head ''Surplus'' Similarly, the balance of ''Reserves and Surplus'', after adjusting negative balance of surplus, if any, shall be shown under the head ''Reserves and Surplus'' even if the resulting figure is in the negative. I DISCONTINUING OPERATIONS: - The company has not discontinued operations during the Financial Year under review. ii RELATED PARTY DISCLOURES: - Particulars of transactions with related party The following is a summary of significant related party transaction: - iii CONTINGENT LIABILITIES 1. No provision has been made in the account for doubtful debts and advances. These all are considered by the management as recoverable. 2. The pending court cases against and for the company is as under: A In the matter of M/s Goel Agencies Pvt. Ltd/M/s Fair Deal Agencies, Ludhiana vs. Company/ Shri Basudev Garg/ Smt. Mithlesh Garg for Rs.6, 00,528.15 - Ludhiana. B In the matter of Semen Bank Officer/Haryana Live Stock Development Board, Pehowa, Harayana(Milk Cess) vs. Company for Rs.17,90,02,069/-(Including Interest of Rs 15,51,38,319/ - Chandigarh. C In the matter of Company vs Hitkari Industries Ltd in the Karkadoma Court for Rs.1, 85, 000 123671/- Delhi. D In the matter of Company vs. Paradise Plastopack Pvt ltd in the court of Kurukshetra, Haryana and Rohini, Delhi for Rs 2,75,524/-plus Interest. Court Cases for Recovery A In the matter of Company vs. Baldev Bhui in the Karkadoma Court for Rs.1, 30,000/- Delhi. B In the matter of Company vs. Prem Prakash in the Karkadoma Court for Rs.90,000 67,000/- Delhi. C In the matter of Company vs. Jindal Trading Co. in the Karkadoma Court for Rs.84000/- Delhi. iV The financial statements for the year ended 31st March, 2011 had been prepared as per the then applicable, pre- revised Schedule VI to the Companies Act,1956. Consequent to the notification under the Companies Act,1956, the financial statements for the year ended 31st March, 2012 are prepared under revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year''s classification. |
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| Source : Dion Global Solutions Limited | |
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