Note 18 : Contingent Liabilities
The company does not have any contingent liabilities.
Note 19 : Other Statutory Information
(a) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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 ofthe
Company (Ultimate Beneficiaries) or
(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(b) The Company have 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 Company shall:
(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf ofthe
Funding Party (Ultimate Beneficiaries) or
(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(c) The Company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.
(d) The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013), either severally or jointly with any other person.
(e) The Company do not have any pending creation of charges or satisfaction of charges which is yet to be registered with
Registrar of Companies (ROC) beyond the statutory period.
(f) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.
(g) No proceeding has been initiated or pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
(h) The Company has 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.
(i) The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined
under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India.
(j) The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility are not applicable
to the Company.
(k) There are no transactions and outstanding balances with companies struck off under section 248 of the Companies Act,
2013 or section 560 of Companies Act,1956.
For Maheshwari & Co. For and on behalf of the Board of Directors
Chartered Accountants Mega Fin (India)
Limited
Firm Registration Number: 105834W
Vikas Asawa Archana Maheshwari Hema Shah
Partner Director Director
Membership no.: 172133 DIN:09180967 DIN:09718467
Place: Mumbai |
Date: 24th July 2024 Chief Financial Officer
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