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SENSEX NIFTY India | Notes to Account > Finance - General > Notes to Account from Satyam Silk - BSE: 503893, NSE: N.A

Satyam Silk

BSE: 503893|ISIN: INE07MC01015|SECTOR: Finance - General
Satyam Silk is not traded in the last 30 days
Satyam Silk is not listed on NSE
Mar 13
Notes to Accounts Year End : Mar '14
1. Share Capital
 (a) The terms / rights attached to the Equity Shares.
 The Company has only one class of Equity Shares. Each holder of equity
 shares is entitled to one vote per share. The Equity shareholders are
 entitled to dividend only if dividend in a particular financial year is
 recommended by the Board of Directors and approved by the members at
 the Annual General Meeting of that year. In the event of the
 liquidation of the Company, if the assets available for distribution
 are less than the paid up share capital, then the shortfall will be
 borne by the members proportionately. Where there is an excess, the
 same shall be distributed proportionately amongst the members.
 (b) Aggregate number of Shares alloted for 
 consideration other than cash                            Nil
 Aggregate number of Shares alloted as Bonus Shares       Nil
 Share bought back Nil (during the period of five years immediately
 preceeding the reporting date).
 2 Other Notes
 Note : In the absence of virtual certainty of availability of
 sufficient future taxable income against which such deferred tax asset
 can be realized, the same has not been recognized in the books of
 account in line with Accounting Standard 22 dealing with Accounting
 for Taxes on Income issued by the Institute of Chartered Accountants
 of India.
 (a) As the Company does not have distinquisable business segments, the
 requirement to give segment reporting as per Accounting Standard (AS
 17) on Segment Reporting issued by the Institute of Chartered
 Accountants of India is not applicable.
 (b) No related party transactions are identified by the management.
 (c) On sale of long term investments, cost of investments sold are
 credited to Investment account the Institute of Chartered Accountants
 of India.
 (d) Balance of debtors, creditors and other advances are subject to
 confirmation. However, in the opinion of the Board, Current Assests,
 Loans and Advances have value which on realisation, in the ordinary
 course of business would atleast be equal to the amount at which they
 are stated.
 (e) Previous year''s figures have been regrouped wherever necessary.
Source : Dion Global Solutions Limited
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