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Moneycontrol.com India | Notes to Account > Finance - Leasing & Hire Purchase > Notes to Account from Jupiter Industries and Leasing - BSE: 507987, NSE: N.A
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Jupiter Industries and Leasing

BSE: 507987|ISIN: INE990E01016|SECTOR: Finance - Leasing & Hire Purchase
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Jupiter Industries and Leasing is not listed on NSE
Mar 13
Notes to Accounts Year End : Mar '14
1. (a) Rights, preferences and restrictions attached to shares:
 
 The Company has only one class of shares referred to as equity shares
 having a par value of Rs.10/- Each holder of equity shares is entitled
 to one vote per share.
 
 In the event of liquidation of the Company, the holders of the equity
 shares of the Company will be entitled to receive any of the remaining
 assets of the Company, after distribution of all preferential amounts.
 However, no such preferential amounts exist currently. The distribution
 will be in proportion to the number of equity shares held by the
 shareholders.
 
 2. a) Figures of the previous year have been regrouped / rearranged
 wherever necessary to confirm to those of the current year.
 
 b) The Company was registered as Non Banking Financial Company with
 Reserve Bank of India. The Company is deregistered as per letter dated
 28th June, 2013 from Reserve Bank of India as a Non Banking Financial
 Company.
 
 c) Since company has no employee during the year, no provision in
 respect of any employees benefits has been made.
 
 d) Bank Balances, Advances, Bank Loans, Deposits are subject to
 confirmation and reconciliation.
 
 e) In the opinion of the Board, subject to notes in earlier clauses,
 current assets and loans and advances are approximately of the value
 stated, if realised, in the ordinary course of business and provision
 for all known liabilities has been made.
 
 f) Segment reporting as defined in Accounting Standard 17 is not
 applicable since no business is carried on.
 
 g) Expenditure in Foreign Currency, Earning in Foreign Exchange,
 Remittances in Foreign Currency, Import on CIF basis Nil (March 31,2013
 : Nil)
 
 (h) There is no business activity carried out by the company. The
 company does not forsee any prospect of carrying out business during
 near future. There is uncertantity as to the claiming any business loss
 or depreciation for the purpose of income tax and hence no deferred tax
 asset is provided in books.
Source : Dion Global Solutions Limited
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