13 Additional regulatory information
a) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
b) The Company has utilised the funds towards the purposes for which the said loans were raised.
c) The Company has not been declared a wilful defaulter by any bank or financial institution or government or any government authority.
d) The Company has not entered into any type of transactions with companies struck off.
e) There is one pending charge or satisfaction Loan amount Rs. 469700.00
f) The Company is in compliance with number of layers of companies as prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on Number of Layers) Rules, 2017.
g) The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.
h) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
j) Title deeds of immovable property are held in the name of the Company.
k) The Company has not revalued its Property, Plant and Equipment for the current year.
l) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
m) The Company has not any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.
n) The Company is not covered under section 135 of the Companies Act regarding CSR activities.
p) There has been capital work in progress for the current year of the company.
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q) There are no Intangible assets under development in the current year.
14 Company Secretary
The company has a qualified Company Secretary as required under Section 203(1 )(ii) of Companies Act, 2013.
15 Confirmation of Balances
Balance confirmation for Trade Receivables and Trade Payables were sent by the company and necessary rectification on reconciliation where ever required has been incorporated in the financials. In case of balances of Trade Receivable and Trade Payables where confirmation has not received balance of those parties are subject to reconciliation and confirmation. Confirmation in respect of unsecured loans have been obtained, checked, verified and found correct.
16 Figures for previous year have been rearranged/regrouped wherever necessary.
Notes to the Financial Statements - Note Nos. 1 to 30
The accompanying notes form an integral part of the Standalone Financial
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