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Moneycontrol.com India | Notes to Account > Finance - General > Notes to Account from Upsurge Investment and Finance - BSE: 531390, NSE: N.A
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Upsurge Investment and Finance

BSE: 531390|ISIN: INE890B01014|SECTOR: Finance - General
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Upsurge Investment and Finance is not listed on NSE
Mar 15
Notes to Accounts Year End : Mar '18

c) Rights, preferences and restrictions attached to shares.

Equity Shares: The Company has only one class of Equity Shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. 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.

d) During the last 5 financial years the Company (i) has not issued any bonus shares (ii) has not issued shares for consideration other than cash (iii) has not bought back any of its shares.

1 CONTINGENT LIABILITY

Claim against the company not acknowledged as debts Nil Nil

2 CAPITAL & OTHERS COMMITMENTS Nil Nil

3 Under the Micro, Small and Medium Enterprises Development Act, 2006 certain disclosures are required to be made related to micro, small and medium enterprise. The company does not have any transactions with such entities.

4 Segment Reporting

The company is mainly engaged in the business of investment & finance. All the activities of the company revolve around the main business, and as such, in the opinion of the management, there are no separate reportable segments.

5 The Board of Directors of the Company has recommended a final dividend of Rupee 0.50 ( 5%) per equity share of Rupees 10/- each for the year ended 31st March, 2018. The said dividend will be paid after the approval of shareholders at the twenty forth annual General Meeting. As per the requirements of revised AS 4, the Company is not required to provide for dividend proposed after the balance sheet date. Consequently, no provision has been made in respect of the aforesaid dividend recommended by the Board of Directors for the year ended 31st March, 2018.

6 FOREIGN CURRENCY TRANSACTION

a) Expenditure in Foreign Currency Nil Nil

b) Earning in Foreign Currency Nil Nil

7 In the opinion of the board, any of the assets other than fixed assets and non-current investments do not have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

8 Previous years figures have been regrouped / reclassified , wherever necessary to correspond with current year''s figures classification / disclosure.

Source : Dion Global Solutions Limited
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