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Moneycontrol.com India | Notes to Account > Finance - Investments > Notes to Account from Mehta Integrated Finance - BSE: 511377, NSE: N.A
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Mehta Integrated Finance

BSE: 511377|ISIN: INE240B01012|SECTOR: Finance - Investments
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Mehta Integrated Finance is not listed on NSE
Aug 12
Notes to Accounts Year End : Aug '14
1. a) Terms/rights attached to equity shares
 
 The company has only one class of equity shares having a par value of
 Rs 10/- per share. Each holder of equity shares is entitled to one vote
 per share. The dividend if any proposed by the Board of Directors is
 subject to the approval of the shareholders in the ensuing Annual
 General Meeting. During the year ended 31 August 2014, the company has
 not declared any dividend to equity shareholders (31st August 2014: Rs
 Nil).
 
 As per records of the company, including its register of
 shareholders/members and other declarations received from shareholders
 regarding beneficial interest, the above shareholding represents both
 legal and beneficial ownership of shares.
 
 b) The company has not issued any bonus shares or shares for
 consideration other than cash or bought back equity shares during the
 year or for the period of five years immediately preceding the date of
 balance sheet.
 
 Note - 2: DISCLOSURE REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL &
 MEDIUM ENTERPRISES DEVELOPMENT AT, 2006.
 
 The company has not received information from vendors regarding their
 status under the micro/small & medium enterprises development Act,
 2006, hence disclosure relating to amounts unpaid as at the year end
 under this Act has not been given.
 
 3.  The Company has ceased to carry on fund based business and hence
 not governed by Reserve Bank of India Act. The Company has been a
 Category-1 Merchant Banker and hence is subject to SEBI Act.
 
 4.  The liabilities towards the secured loan towards banks, financial
 institutions have been fully accounted for, till date.
 
 5.  Previous and Current Year figures have been regrouped wherever
 found necessary.
 
 6.  Various claims receivable of the previous year and liabilities
 relating to the previous year have been brought in the current years to
 show a true and fair view of the accounts.
 
 7.  Balance in Secured Loans, Unsecured Loans, Sundry Creditors,
 Debtors, Loans & Advances are subject to confirmation.
 
 8.  On the basis of the information available with the Company, there
 is no amount due but remaining unpaid as on 31st August, 2014 to any
 supplier who is a Small Scale or Ancillary Industrial undertaking.
 
 9.  The Compromise & Arrangement as sanctioned by the Hon''ble Gujarat
 High Court is in force and being implemented & accounted accordingly.
 
 10.  The requirements of Accounting Standard 22 Accounting for taxes
 on income have been considered and the management is of the opinion
 that no deferred tax assets / liability needs to be created.
 
 11.  In the absence of the taxable income, no provision for taxation
 has been made u/s 115 JB of the Income Tax Act, 1961. However, the tax
 year end of the Company being 31st March, 2015 the ultimate liability
 for the A.Y.- 2014-15 will be determined on the total income of the
 Company for the year ended 31st March, 2015.
 
 12. The Company has not made any provision for Income Tax as the
 Company does not envisage any liability.
Source : Dion Global Solutions Limited
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