Unclaimed Dividend of F.Y 2014-15 and 2015-16 had to be transferred to Investor Education and Protection fund, but the same has not be done due to some technical error as per representation received from the management.
3.2. a) In opinion of the management, contingent liability not provided is Rs. Nil. (Nil).
b) Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs. Nil (Nil).
c) As informed to us by the management that there are no any other contingent liability as as 31-03-2024 other than reported above.
3.3. Balances of Trade Payables, Unsecured Loans, Trade Receivables, Long Term and Short Term Loans & Advances, In-operative bank accounts, Other Current and Other Non Current Assets and Provisions are subject to the confirmation of the parties concerned. Wherever confirmation of the parties for the amounts due to them / amounts due from them as per books of accounts are not received, necessary adjustments, if any, will be made when the accounts are reconciled / settled. Necessary Adjustments of Rs. 63,08,832.57 have been done in Ankita-Navkar-Sarjit- JV to reconcile the accounts.
3.4. In the absence of information regarding outstanding dues of Micro or Small Scale Industrial Enterprise(s) as per The Micro, Small & Medium Enterprise Development Act, the Company has not disclosed the same as required by Schedule III to the Companies Act.
3.5. The Company is engaged in the business of infrastructure activities and not carried out any manufacturing activities during the year. The company having projects at different locations where the company supplied the materials and the project given on labour cum j ob work basis to third parties for which no contract is executed for the same. On completion of the project the company issued the sales invoices.
3.6. Figures have been rounded off to the nearest rupee wherever required.
3.7 Share Capital
The face value of Shares as on 01-04-2024 was Rs. 2/- per share.
4 Notes on Accounts
• Balances are subject to confirmation.
• The previous year figures have been reworked regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosures for the preceding year are included as an integral part of the current year Financial Statements and are to be read in relation to the amounts and other disclosures relating to the current year.
• In the opinion of Board, Fixed Assets, Current Assets, Loans & Advances and Current Liabilities are approximate of the value stated and realised in the ordinary course of business.
• The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
5 Additional Regulatory Information
Title deeds of Immovable Property not held in name of the Company
The title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee) disclosed in the financial statements are held in the name of the company.
Details of Benami Property held:
No proceedings have been 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.
Details of Quarterly Statements filed with Banks :
The Company is not required to file quarterly statement of current assets with banks. Wilful Defaulter:
The company is not a declared wilful defaulter by any bank or financial Institution or other lender.
Relationship with Struck off Companies:
The company does not have any transactions with companies struck off under the Companies Act, 2013 or the Companies Act, 1956.
Registration of charges or satisfaction with Registrar of Companies:
There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.
Compliance with number of layers of companies:
The company has duly complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.
Compliance with approved Scheme(s) of Arrangements:
No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 for the company.
Undisclosed Income:
There is no income surrendered or disclosed as income during the current or prior year in the tax assessments under the Income Tax Act, 1961, that have not been recorded in the books of accounts of company.
Revaluation of property, plant and equipment, intangible asset and investment property
The Company has revalued the useful life of its property, plant and equipment or intangible assets during the current year.
Utilization of borrowings availed from banks and financial institutions
The borrowings obtained by the company from banks have been applied for the purposes for which such loans were was taken.
Details of crypto currency or virtual currency
The company has not traded or invested in Crypto Currency or virtual currency during the current year or previous year.
12.3 Terms and Rights attached to equity Shares
The company has only one class of equity shares having a par value of Rs 2 each. Each holder of equity shares is entitled to one vote per share. The Company
declares and pay dividend proposed by the Board of Directors is subject to approval of the Shareholding in the ensuing Annual General Meeting.
12.4 The company has noy done any preferential allotment during any preceding year.
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