1.  Contingent Liability not provided for Rs. Nil. (Previous year Rs.
 Nil.)
 
 3.  In the opinion of the Board of Directors, the Current Assets, Loans
 & Advances have a value on realisation in the normal course of 
 business at least equal to the value at which they are
 stated in the Balance Sheet.
 
 4.  Based on the intimation received by the Company, none of the
 suppliers have confirmed to be registered under The Micro, Small and
 Medium Enterprises Development (MSMED) Act, 2006. Accordingly, no
 disclosures relating to amounts unpaid asatthe yearend together with
 interest paid/payable are required to befurnished.
 
 5.  The Company had issued 18,000,400 equity sharesonright basisatthe
 rateofRs. 10/- each along with 18,000,400 Detachable Convertible
 Warrants on March 27,2009. Outofthese Warrants, 750,705
 warrants have beenconvertedintoequityshares of Rs. 10/- each @ a premium
 of Rs. 97/47 on January 02, 2010. During the current year, the promoters
 and promoter group have surrendered their warrants numbering
 13,515,208, hence only 3,734,487 warrants are outstanding for
 conversion as on March 31, 2011. During the year, the second conversion
 periodof warrants was opened during December 27, 2010 to March
 26,2011.None of the warrant holders exercised the irright 
 for conversion.
 
 6.  Equity Share Capital.
 
 During the year, the Company has issued and allotted 7,117,153 equity
 shares of Rs. 10/- each fully paid-up at a premium of Rs. 615/25 per share
 to QIBs as defined in Regulation 2(1)(zd) of SEBI (ICDR) Regulations,
 2009 pursuant to Chapter VIII on private placement basis. Out of the
 above 8,79,648 equity shares were issued and allotted to Domestic
 QIBs, aggregating to Rs. 549,999,912/- (Rupees Fifty Four Crores Ninety
 Nine Lacs Ninety Nine Thousand Nine Hundred and Twelve Only) and
 6,237,505 equity shares of Rs. 10/- each fully paid-up were issued and
 allotted to Foreign Institutional Investors in QIP under Schedule 2 of
 Regulation 5(2) of the Foreign Exchange Management (Transfer or Issue
 of Security by a Person Resident outside India) Regulations, 2,000 i.e;
 Purchase/sale of shares and/or convertible debentures of an Indian
 company by a registered Foreign Institutional Investor under Portfolio
 Investment Scheme, and received an amount aggregating to Rs.
 3,900,000,001/25 (Rupees Three Hundred Ninety Crores and One and Paise
 Twenty Five Only). The total amount received from Domestic and Foreign
 QIBisRs. 4,449,999,913/25 (Rupees Four Hundred Forty Four Crores Ninety
 Nine Lacs Ninety Nine Thousands Nine Hundred Thirteen and Twenty Five
 Paise Only). All the above shares rank pari-pasu with the existing
 equity shares.
 
 7.  ShareIssue expenses.
 
 Share Issue expenses of Rs. 157,750,879/- incurred for raising the above
 equity funds has been debited to Share Premium Account.
 
 8.  (a) Investigations by Central Bureau of Investigation (CBI) – EOW
 Wing, Mumbai.
 
 During the year on November 22, 2010, the CBI conducted investigation
 and filed FIRs and one Charge-sheet under IPC and Prevention of
 Corruption Act against 3 officials of the Company/Subsidiary including
 the Director of the Company/Subsidiary and officials of Banks &
 financial institutions, etc. for alleged offences under section 120-B
 of the
 
 IPC and other relevant Sections of Prevention of Corruption Act,
 alleging that the alleged Officials/Directors facilitated and/or
 mediatedingivinggratification moneytoOfficialsofbanks and financial
 institutions,etc.for obtaining pecuniary gain to themselves and to the
 business of the Company. Prima-facie, the Charge-sheet filed by CBI
 does not allege about any financial impropriety or any other financial
 irregularities being committed by the officials in the Company. The
 management does not perceive any adjustment is required to be made in
 the books of accounts of the Company pursuant to the investigations
 being carried out by the CBI.
 
 (b) Documents seized by the Central Bureau of Investigation, Mumbai
 Pursuant to the investigations conducted by CBI some of the documents,
 records, computer hard disks, vouchers, cash currencies, etc in the
 possession of the Company were seized by the CBI. The Company has
 obtained duplicate records/documents wherever available to them, and is
 in the process of obtaining necessary evidences for the remaining
 unavailable records. In cases where the required evidences for the
 transactions recorded in the books of accounts were not available for
 verification, the Statutory Auditors have relied upon the
 representation and certification of theManagement.
 The Balances of such account sare subject to reconciliation and
 confirmation.
 
 9.  Termination of Joint Venture in Capstone Capital Services Private
 Ltd.  The Company (MMFSL) had entered into shareholders agreement on
 December 16, 2009 with Milestone Capital Advisors Ltd. for Joint
 Venture in the shareholding ratio of 50:50 in Capstone Capital Services
 Private Ltd.  As per the termination of the shareholders agreement
 dated March 01, 2011, the said joint venture in Capstone Capital
 Services Private Ltd.  has been terminated mutually with effect from
 February 5, 2011 and the 50% shareholding (comprising of 499,999 equity
 shares of Rs. 10/- each fully paid) of MMFSL in the Joint Venture is
 bought back by Milestone Capital Advisors Ltd through its associate
 company at an agreed consideration of Rs. 5,000/-. On execution of the
 agreement with effect from termination date, each party for itself and
 each of its respective successors and assigns has hereby fully and
 unconditionally released and forever discharged the other parties and
 its successors and assigns of and from any and all actions, cause of
 actions, suits, debts, obligations, claims, liabilities and demands
 whatsoever that they had or may had under the terms of the shareholders
 agreement. The effect of the above agreement has been given in the
 books of account of the Company. Accordingly, an amount of Rs.2,236,111/-
 has been paid to the said company towards Companies share of loss upto
 the date of termination as perthetermination agreement.
 
 10.  Reimbursement of service tax has not been charged to Profit & 
 Loss Account on account of Cenvat Credite ligibility.
 
 11.  Interest income on Fixed Deposit is shown net of Interest paid on
 Overdraft Facility.
 
 12.  The exchange difference amounting to Rs. 9,295/- (net loss)
 (Previous year – Rs. 32,404/- (net loss) arisingon account of foreign
 currency transactions has been accounted in the Profit and Loss account
 in accordance with Accounting Standard – AS 11 – Accounting for the
 effects of changes inforeign exchange rates.
 
 13.  Retirement Benefit - Gratuity
 
 The company has an unfundeddefined benefit gratuityplan. Every employee
 who hascompleted 5years or more of service is eligible for a gratuity
 on departure at 15 days salary (last drawn salary) per each completed
 year of service.
 
 Consequent to the adoption of revised AS-15 Employee Benefits issued
 under Companies (Accounting Standards) Amendment Rules2008, the 
 following disclosures have been made as required by the
 standard.
 
 14. Segment Reporting Basis of Preparation:
 
 Information is given in accordance with the requirements of Accounting
 Standard 17- Segment Reporting issued by the InstituteofChartered
 AccountantsofIndia. Revenues and expenses directlyattributabletothe
 Segments areallocatedtothe respectivesegments. Those revenues
 andexpenseswhich cannotbedirectly allocatedtothe Segments are
 apportionedona reasonable basis. Segment Capital employed represents
 the net assets in that Segment. It excludes Capital reserve and tax
 related assets.
 
 Business Segments:
 
 The Companys business is organized and management reviews the
 performance based on the business segments. The
 Companysbusinessmaybedividedinto three major Segments.
 
 (A) Income from Financial Advisory Services
 
 (B) Financing Activity And
 
 (C) Income from Investment & Trading in Securities
 Geographical Segments: The Companys operations are solely in one
 Geographic segment namely Within India and hence no separate
 information for Geographics egmentwise disclosure is required.
 
 15. Disclosures as required by Accounting Standard (AS-18) Related
 Party Disclosures in respect of transactions for the year are asunder:
 
 A) List of Related Parties over which control exists:
 
 Sr No.  Nameofthe RelatedParty Relationship
 
 i SUBSIDIARIES
 
 1 Money Matters Securities Private Limited Wholly owned Sub sidiary
 
 2 Money Matters Investment Advisors PrivateLimited Wholly owned Sub
 sidiary
 
 3 Money Matters Distribution Company Private Limited Wholly owned 
 Subsidiary
 
 4 Money Matters Capital PrivateLimited Wholly owned Subsidiary
 
 5 Money Matters Research Private Limited Wholly owned Subsidiary
 
 6 Money Matters Resources PrivateLimited Wholly owned Subsidiary
 
 ii STEP DOWN FOREIGN SUBSIDIARY (INDIRECT HOLDING)
 
 1 Money Matters Advisory Pte Ltd, Singapore Wholly owned Subsidiary of
 
 Money Matters Research Private Limited
 
 B) Joint Ventures
 
 1 Capstone Capital Services Private Limited (Upto February 05,2011)
 
 C) Enterprisesover whichManagement and/or their relativeshave control
 
 1 Money Matters Advisory Services Limited
 
 2 Money Matters Infrastructure Private Limited
 
 3 Parijat Properties Pvt Ltd
 
 D) Key Management Personnel
 
 1 Mr.Rajesh Sharma Chairman & Managing Director
 
 2 Mr. Pramod Kasat Whole Time Director
 
 (from April 16, 2010 to March 14, 2011)
 
 21. The Company believes that no impairment of assets arises during the
 year as per the recommendations of Accounting Standard - 28 Impairment
 of Assets, issued by the Institute of Chartered Accountants of India.
 
 25.  Additional Information pursuant to the provisions of paragraphs 3,
 4C & 4D of part II of Schedule VI to The Companies Act, 1956 (to the
 extent applicable) are as under:
 
 (a) Earningin Foreign Currency
 
 Advisory Fees : Rs.Nil/- (Previous YearRs.36,62,109/-)
 
 (b) Expenditure in Foreign Currency
 
 Professional Fees : Rs.70,77,965/-(Previous YearRs.NIL)
 
 Travelling expenses : Rs.5,37,881/- (Previous YearRs.1,01,768/-)
 
 26.  Previous year figures have been regrouped and reclassified wherever
 necessary to confirm to current years presentation.