1. Terms/Rights attached to equity Shares
Equity Shares: The company has one class of equity shares having par value of Rs. 10 per share. Each share holder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.
Nature and purpose of other reserves Securities Premium
Securities premium is used to record the premium on issue of shares. The reserve will be utilised in accordance with the provisions of the Companies Act, 2013. Retained Earnings
Retained earnings are the profits/(loss) that a Company has earned to date, less any dividends or other distributions paid to investors.
Note 21 Other Statutory 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 There are no transactions and / or balance outstanding with companies struck off under section 248 of the Companies Act, 2013.
c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
d The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
e 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
f The Company has notreceived 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
The Company does not any transactions which are not recorded in the books of accounts that have 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)
g
The company does not have any investments through more than two layers of investment companies as per section 2(87) (cd) h and section 186 of Companies Act, 2013.
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