(c) The Company has only one class of equity shares having a par value of Rs10/- per share. Each holder of equity shares is entitled to one vote per share. The holders of Equity Shares are entitled to receive dividends as declared from time to time. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
NOTES ON ACCOUNTS -
1) Figures for the previous years have been split up and regrouped wherever-er necessary so as to correspond to current year’s figures.
2) Description and reconciliation of shareholders has been taken as per records, documents and statutory records made available to us, and is certified on the basis of these records.
3) Balance Sheet and Statement of Profit & Loss together with the notes thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the year as results of the Company for the year under review.
4) Figures are rounded-off to the Lacs.
5) Details of contingent liabilities are as under:
• VAT demand of Rs. 149.85 Lacs of FY 2016-17, pending before the Appellate authority.
• Notice issued by the DCIT (TDS), Bhopal for delay in deposit of TDS for the financial year 202122.
• Liability on account of provisions not made in respect of interest under section 23 of The Micro, Small and Medium Enterprises development Act, 2006
• TDS Demand amounting to Rs. 64,31,030/- as per TRACES portal, pending for rectifications.
|