2.3 Terms/Rights of Shareholders

The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- per share.

Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends in Indian rupees.

The dividend proposed by the Board of Directors is subject to the approval of the shareholders in ensuing Annual General Meeting. In the event of the liquidation of the Company, the holder of equity share will be entitled to receive any of the remaining assets of the Company after distribution of all preferntial amounts. The distribution will be in proportion of the number of the equity shares held by the equity shareholders

13 OTHER NOTES

13.1 Segment Reporting-

The Company operates in one business segment of providing advisory services. As such, there are no separate reportable business segments as per Accounting Standard, AS-17 Segment Reporting, as prescribed by the Rules.

13.2 Related party Disclosure

As per Accounting Standard (AS18) on 'Related Party Disclosure', the related parties are as under :

During the current year, following transaction has been carried out with the related parties.

Loan from Director 14,156,518

13.3 Previous year figures have been regrouped, and reclassified wherever considered necessary to conform to current year's classification