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Vatsa Corporation Ltd. Notes to Accounts
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You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (Rs.) - P/BV - Book Value (Rs.) -
52 Week High/Low (Rs.) - FV/ML - P/E(X) -
Bookclosure - EPS (Rs.) - Div Yield (%) -
Year End :2013-10 
Admitted and Other CONTINGENT LIABILITIES AND COMMITMENTS Admitted & other contingent Liabilities

1 P.S.Approximately Rs.7721 .37 Crores Amount Payable to Law Firm 85 & other against expenses made and or Guaranteed by them on behalf of Company as on year ended between 1985 to 31st October 2013 pre and post incorporation of the Company to be split in different head like interest out of pocket expenses spent on credit basis promises, commercial & private debts Travelling conveyances & other Hotel & Lodging & Boarding Charges for attending various Legal cases before various Legal casese before various Authorities including Drafting, correctiong Reading improving, advising communicating, Director, Chairman Employees, CEO and ther key member of the management team current and past employees, Director,staff, chairman etc. pleading and appearing attending & briefing counsels, staff, Employees, Director, Associates and attending conferences and other professional charges fees with interest cut of pocket expenses between 1985 to 2013 pre and post incorporation of the Company in above among other Areas for which Bills are/ were received and confirmed and recinfirmed by the company Director, CEO, CFO, Chairman, Director, Board of Directors Generals Body of Shareholders from time to time

2 Rent & statutory taxes, Legal & professional Charges, License, charges & Royalties, scrutiny inspection, security & Maintianance Charges, indeminity Cost/ Charges, Guarantee fee/charges/cost etc., for receiving advise on various proceeding in various Courts including, Consumer Forum, Criminal, Civil, Session, High Court, Supreme court, Company Affairs, SAT, CLB, SEBI, Stock Exchange, Merchant Banking, Activities, HRD Foreign tie up, Agreement and coilboration etc., interest, penalties, penal, interest Damages, Punitive Damages and various other Charges opportunity cost, defamation charges & penalties and various others Direct and indirect charges with cost/fees various others statutory interest and other taxes.

3 Charges, fees /for using professional goodwill, offices professional contacts and social contacts political contacts and long standing credits for the benefits of the Company and its business collaborations contracts and international contacts, Tie ups with world Best Technology Companies, international political and social contacts, for its future business, some of them are/were fortune 500 Companies world wide.

4. a) Outstanding liabilities-amounts payable by Company Rent-Municipal Taxes-Interest, etc., - Maintainance Repairs - up keeping - Electricity, etc.,

b) Professional fees-Legal & Service Charges.

c) Fees for Statutory maintainanc-SEBIStock/Exchanges & legal Cases follow up charges with vaious.

d) Income Tax provident Fund, ESIC-Services-ROC-Sales Tax-Co-ordinating witn various Govt. authorities, attending engaging varius lawyers/consultant counsels,etc. and replying attending Incom Tax, CIT, ITAT, High Court, Sessions Courts, City Civil courts, Supreme Courts cConsumer/ State and National Forums.

e) Correction of company correspondences, minutes, letters, Draft, Agreements petitions, legal submission plaints and work related to it, etc.

f) License Fees-Royalty fees and othes chargse for / using Name / Brands etc. patent, copyrights and other related Areas, trade names, trade marks, lie ups. Licenses and Royalty Securities Deposits.

g) Security and other services charges, etc.

h) MPID-SFIO & Other ROC,R& T related work-SEBI & other casese follow up with different different law firm, lawyers, solicitors, senior lawyers legal consultants etc. various courts-Authorities-Polie.etc...

i) Correction of Various correspondences,

Details of which were/ are filed by creditors with the Company

5. The outstanding balances of certain Trade Receivables, Trade Payables, Deposits, Advances and Other Current Assets/ Liabilitis are subject to confirmation.

6. In the opinion of the Board, the value on realisation of Current Assets, Loans and Advances in the ordinary course of the business would not be less than amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of the amount reasonably required.

7. Figures of the previous year have been regrouped, reclassified and recasted wherever necessary to make them comparable with those of current year.


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