MARKET RADAR
SENSEX     NIFTY      Refresh
Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from Summit Securities - BSE: 533306, NSE: SUMMITSEC
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - INVESTMENTS > NOTES TO ACCOUNTS - Summit Securities
Summit Securities
BSE: 533306|NSE: SUMMITSEC|ISIN: INE519C01017|SECTOR: Finance - Investments
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
May 23, 17:00
58.00
0
VOLUME 304
LIVE
NSE
May 23, 17:00
55.25
0
VOLUME 189
« Mar 11
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.
Source : Dion Global Solutions Limited
Quick Links for summitsecurities
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.