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0 | Notes to Accounts | Year End : Mar '12 |
(a) Terms / rights attached to equity shares The Company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The Shareholders have all other rights as available to Equity Shareholders as per the provisions of the Companies Act, 1956, read together with the Memorandum of Association and Articles of Association of the Company, as applicable. * Provision made as required under the prudential norms prescribed by Reserve Bank of India for Non-Banking Financial Companies. Contingent Provisions against Standard Assets of Rs. Nil (previous year Rs. 2.21 lacs). # Others includes sales tax deposits, deposit for consumer forum litigation. 1. There are no outstanding to parties covered under the Micro, Small and Medium Enterprises as per Micro Small Medium Enterprises Development Act, 2006. 2. Disclosure as required under clause 32 of listing agreement: i. Loans and advances in the nature of Loans to Associates - Rs. Nil (PY - Rs. Nil). ii. Loans and advances in the nature of Loans where there is no repayment schedule or no interest or interest below Section-372A of Companies Act, 1956 - Rs. Nil (PY - Rs. Nil). iii. Loans and advances in the nature of Loans to firms/Companies in which Directors are interested - Rs. Nil (Previous year - Rs. Nil). iv. Investment by the Loanee in shares of the Company as at March 31, 2012 - Nil (Previous year - Rs. Nil). 3. The Company is a NBFC and primarily engaged in investment in securities which is considered as one segment. As such, there is no other separate reportable segment as defined by Accounting Standard -17 Segment Reporting as notified by the Companies (Accounting Standards) Rules, 2006. 4. General Instructions for preparation of Balance Sheet and Profit and Loss Statement as per Revised Schedule VI are given to the extent they are applicable to the Company. 5. Previous year''s figures have been regrouped wherever necessary to conform to current year''s classification. |
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| Source : Dion Global Solutions Limited | |
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