Note - 3C Terms / Right attached to equity shareholders
i) 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.
ii) In the event of liquidation of the company , the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholders.
24.01 Share application money pending allotment
As at 31 March 2023, the Company has no share application money for equity shares of the Company
24.02 Contingent liabilities and commitments
(i) Contingent Liabilities
As per information provided by the management there is no contingent liability (previous year nil)
(ii) Commitments
As per information provided by the management there is no estimated amount of contracts remaining to be executed on capital account and not provided for.
24.03 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
Amount due to entities covered under Micro, Small and Medium enterprises as defined in the Micro, small and Medium Enterprises Development Act, 2006, have not been identified by the company since no supplier/service provider has intimated the company about its status as Micro or Small Entriprise or its registration with appropriate authority under, "Micro, small and Medium Enterprises Development Act, 2006".
Note - 25 Disclosures under Accounting Standards (AS 18)
As per Accounting Standard 18 on 'Related Party Disclosure' prescribed by the companies (Accounting Standards) Rules, 2006 issued by the central government, in consultation with the National Advisory Committee on Accounting Standards, the disclosure of transactions with the related parties as defined in the Accounting standard are given below:-
Note - 29 Leases
The lease rentals charged during the year and maximum obligation on long term, non cancellable operating leases payable are as per the rentals in the respective agreements. Lease payments made under operating leases amounting to Rs.57,92,574.51 (PY Rs 8,82 750/-) have been recognised as an expense in the statement of profit and loss. Most of the leases entered by the company are medium and long term in nature and the underlying leases are commensurate with company's current and future operational plan. The total of future minimum lease payments under non cancellable operating lease are as follows:
Note - 30 Employee Benefits Defined Contribution Plan
The company's employee provident fund scheme is a defined contribution plan a sum of Rs. 9,64,126/- (Previous year NIL ) has been recongnised and shown under employee benefits.
Defined benefit plans - Gratuity
Gratuity is payable to all eligible employees of the company on superannuation, death or permanent disablement, in terms of the provisions of the payment of gratuity act, 1972.
Note - 31 Borrowings from Banks and Financial Institutions on the basis of security against Current Assets
The company has no borrowings from any banks or any financial institutions on the basis of security against Current Assets.
Note - 32 Registration of charges or satisfaction with Registrar of Companies.
There is no charges satisfaction pending for the Company.
Note - 33 Transaction with companies struck off under section 248/56 of Companies Act, 2013.
There is no transaction with the company struck off.
Note - 34 Final accounts are prepared as per requirement of the Schedule III of the Companies Act, 2013.
Note : 35 Statutory Fillings
a) The company has filed AOC-4 and MGT-7 for the FY ending 2022 on 04th May 2023, which is after the prescribed due date in the relevant sections of the Companies Act, 2013.
b) The company has deposited GST from October 2022 to March 2023 in the month of April 2023, corresponding returns of GST for these months have also been filed in the month of April 2023.
Note - 36 Previous year’s figures
Previous year figures have been regrouped/rearranged wherever considered necessary to make them comparable with current year figures.
Note No. 1 to 36 form integral part of Balance Sheet & Profit & Loss A/c
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