Nature and purpose of reserves
(A) Retained Earnings
Retained Earnings represent the amount of accumulated earnings/Losses of the Company.
Note 8c : Rights, preference and restriction attached to shares
The company has only one class of shares referred to as equity shares having a per value of Rs.10/-. Each holder of equity shares is entitled to vote per share. In the event of liquidation of the company, the holder of equity share will be entitled to receive remaining assets of the company after distribution of all preferential amounts, in proportional to their shareholding.
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