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Abhinav Capital Services Ltd. Notes to Accounts
You can view the entire text of Notes to accounts of the company for the latest year

BSE: 532057ISIN: INE516F01016INDUSTRY: Non-Banking Financial Company (NBFC)

BSE   ` 114.35   Open: 123.25   Today's Range 111.55
123.25
-3.05 ( -2.67 %) Prev Close: 117.40 52 Week Range 103.35
179.85
Year End :2024-03 

(a) Statutory reserve fund

Statutory reserve fund is created by tranferring 20% of the profit for the year pursuant to section 45-IC of the Reserve Bank of India Act, 1934 for NBFC Companies. Appropriation from this Reserve Fund is permitted only for the purposes specified by RBI.

(b) Retained earnings

Retained earnings represent the surplus in profit and loss account and appropriations.

(c) Other comprehensive income

(iii) Other comprehensive income represents actuarial gains / (losses) arising on recognition of defined benefit plans.

(ii) On equity investments

The Company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated in the FVOCI equity investments reserve. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognized.

(iii) On debt investments

The Company recognizes changes in the fair value of debt instruments held with a dual business objective of collect and sell in other comprehensive income. These changes are accumulated in the FVOCI debt investments reserve. The Company transfers amounts from this reserve to profit or loss when the debt instrument is sold. Any impairment loss on such instruments is reclassified to Profit or Loss.
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Attention Investors : 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.   |   2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.   |   3. Pay 20% upfront margin of the transaction value to trade in cash market segment.   |   4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.   |   5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.   |   .......... Issued in the interest of Investors"

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SAAKETA INVESTMENT SERVICES LIMITED : INZ000179131, CDSL: IN-DP-CDSL-299-2005
SAAKETA COMMODITIES PVT LTD MCX : INZ000081835

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