The Company has issued only one class of Equity Shares having per value of Rs 10/-each. Each holder of Equity Share is entitled to one vote per share.The Company declares dividends in India Rupees.The Dividend proposed By the Board of Director is subjects to the approval by the Shareholders at the Annual General Meeting.
Dividend
The Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the sharholders in the ensuing Annual General Meeting expect in case of interim dividend. The remittance of dividends outside India is governed by Indian Law on foreign exchange and is subject to applicable distribution taxes.
20. Investments in the Balance Sheet comprises of short term surplus funds invested in liquid schemes of Mutual Funds which are measured at fair value through Profit and loss.
21. The Company has 100% Subsidiary in US namely Libertycom, LLC
22. Contingent Liabilities: There are no Contingent liabilities as on date.
23. Disclosure of related parties and related party transactions:
Transaction during the year
Key Managerial Personnel
25. There are no dues to Small Scale Industries which is outstanding for more than 30 days at the Balance Sheet Date computed on unit wise basis. The above information regarding Small Scale undertaking has been determined to the extent such parties have been identified on the basis of information available with the Company and have been relied upon by the Auditors.
26. Valuation of Property Plant & Equipment, intangible asset
The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.
27. Title deeds of immovable properties
The company does not own any immovable property during the current and previous financial year.
28. Loans or advances to specified persons
No loans or advances in the nature of loans are granted to promoters, directors, KMPS and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.
29. Details of benami property held
No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder for the year ended 31 March 2024
30. Borrowing secured against current assets
The Company has not borrowed any money from banks on the basis of security of current assets. The filing of quarterly returns or statements of current assets by the Company with banks do not arise.
31. Willful defaulter
The Company has not been declared willful defaulter by any bank or financial institution or other lender.
32. Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year
33. Relationship with struck off companies
The Company has no transactions with the companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.
34. Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Section 2(87) of the Companies Act, 2013 read with Companies (Restriction on number of layers) Rules, 2017.
35. Utilisation of borrowed funds and share premium
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities ("Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
36. Registration of charges or satisfaction with Registrar of Companies (ROC)
There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory period.
37. Undisclosed income
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded previously in the books of account.
38. Corporate Social Responsibility (CSR)
The Company does not meet the criteria specified under Section 135 of the Act require constituting a Corporate Social Responsibility Committee and formulate a Policy for this purpose.
39. Details of crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
41. Previous year's figures have been regrouped wherever necessary.
|