c) Terms / Rights attached to each classes of shares
The Company has only one class of equity shares having a par value of Rs. 10/-.
Each holder of equity shares is entitled to one vote per share. The shareholders have the right to receive interim dividends declared by the Board of Directors and final dividend proposed by the Board of Directors and approved by the Shareholders.
In the event of liquidation, the shareholders will be entitled in proportion to the number of equity shares held by them to receive remaining assets of the Company, after distribution of all preferential amounts.
(iii) Terms and conditions of outstanding balances with Related Parties
Transactions with related parties are made under ordinary course of the business and settled as per agreed terms.
(a) Payable to Related Parties
The payables to related parties arise mainly from services received, which are unsecured and are paid as per mutual agreed terms.
(b) Loans from Related Parties
The loans are related parties are unsecured bearing interest rate up to 15% and 22% p.a.. Loans are utilised for general business purpose and are paid as per mutual agreed terms.
27 Other Statutory Information
a. The Company does not held any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.
b. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
c. The Company does not have any transactions with companies struck off.
d. The Company do have charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
e. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
f. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
i. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries)
or
ii. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
g. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:
i. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)
or
ii. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
h. In case of the Company, there is no Scheme of Arrangements required to approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
i. The company has no transaction which are not recorded in the books of account or have been surrendered or disclosed as income.
j. Additional information as required by Division II of Schedule III of The Companies Act, 2013 (other than already disclosed above) are either Nil or Not Applicable.
k. Previous year figures have been regrouped, rearranged and reclassifiaction wherever necessary to confirm to current year’s classification.
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