(b) Rights, preferences and restrictions attached to shares
The company has only one class of equity shares having par value of Rs. 10 per share. Each shareholder is entitled to one vote per share held. The company declares and pays dividends in Indian rupees.
As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.
1. Term loan from financial institutions was taken during the financial year 2022-23 and carries interest @ 9.5% p.a. The loan has been secured by the personal property of Dr. Ajay Ojha and Dr. Prasad Pawar . The Bank has informed the Company that no charge has to be created in the name of the Company as no property of Company has been secured for the said amount of Loan, accordingly the management of the Company is not required to file form CHG-1 for the said loan.
27 Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
28 Corporate Social Responsibility Expenditure (CSR)
The provisions of section 135 of Companies Act,2013 relating to expenditure on Corporate Social Responsibility are not applicable to the company, as networth/Turonver/ net Profit criteria are not achieved.
30. The Company does not have any layers of companies and therefore this clause is not applicable.
31. There are no proceedings initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder
32. There are no transactions with the companies struck off under 248 of Companies Act, 2013 or Sec 560 of Companies Act, 1956.
33. The Company have purchased immovable properties during the year.
34. The Company have made foreign currrency transactions during the year.
(B) Notes on Financial Statements
1. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.
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2. Payments to Auditors:
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Auditors Remuneration
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2023-24
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Audit Fees
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3,00,000
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Total
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3,00,000
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3. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.
4. Additional Regulatory Information/disclosures as required by General Instructions to Schedule III to the Companies Act, 2013 are furnished to the extent applicable to the Company.
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