(b) Rights. preference and restriction attached to equity shares

The company has only one class of equity shares having par value of ' 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of Liquidation of the company, the holder of equity shares will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(e) Shares allotted as fully paid up pursuant to contract(s) without payment being received in cash (during 5 years immediately preceding March 31, 2016) - NIL

(f) There are no shares bought back by the Company since the incorporation of the Company.

1 Security

Loan taken from a bank is secured by way of pari passu charge on the current assets of the company both present & future, Personal Guarantee of Promoters and Charge on immovable property situated in Delhi and Gurgaon held by its Group Companies.

2. The Company has created contingent provision at the rate of 0.30 percent (Previous year 0.25 percent) on Standard Assets in accordance with provision of Section 45-JA of the RBI Act, 1934.

3. Contingent Liability not provided for : -

a) The Income Tax assessment u/s 148 for the Asstt. Year 2008-09 has been completed and a demand of Rs.12.99 lakhs was raised therein, which has been disputed by the company.

Further, the Income Tax assessments u/s 263 for the Asstt. Years 2010-11 & 2011-12 have been completed and demand(s) of Rs. 9.25 lakhs and 66.27 lakhs respectively were raised therein, which have been disputed by the company. Against the aforesaid demand an amount of Rs. 9.25 lakhs has been adjusted by the Department against refunds due to the Company.

Based on past decisions by the first appellant authority and judicial precedents of Jurisdictional Hon'ble High Court, the Company expects that the said above demands shall be deleted in the appeals filed by it. Therefore no provision has been made in the accounts and as such there would be a contingent liability of Rs. 79.26 lakhs.

b) Levy of service tax on legal services are stayed by Hon'ble High Court of Delhi in the matter of DELHI TAX BAR ASSOCIATION AND ANR Vs. UNION OF INDIA AND ORS W.P(c) 5957/2012 dated 21.09.2012. Recently judgement of Hon'ble Bombay High Court upholding the levy of service tax on legal services has also been stayed by Hon'ble Supreme Court. Consequent to such stay, the Company has not deposited Rs. 17.43 lakhs on account of Service Tax for the period from 1st July 2012 to 31st March 2016.

However, in case the final outcome of the judgments will be in favor of Central Government then service tax would be payable on the same along with interest.

4. Detail of financing of parent company products

There has been no product of the parent company financed by the company during the current and previous year.

5. Unsecured Advances

The Company has not financed any projects wherein intangible collateral such as rights. Licenses, authority etc. have been taken as a security.

6 Miscellaneous

7. Registration obtained from other financial sector regulators.

The Company is registered with Reserve Bank of India (Department of Non Banking Supervision) as Systemically Important Non Deposit taking Non Banking Finance Company vide registration no. B-14.01958 dated 7th September 2000.

8. Disclosure of Penalties imposed by RBI and Other Regulators

There is no instance of penalty or stricture imposed on the Company by the RBI or any other regulator on any matter during the current and previous year.

9. Net Profit or Loss for the period, prior period items and changes in accounting policies

Prior Period Item has decreased the current year profit by Rs. 0.97 lakhs. Also there is no change in accounting policies during the current year.

10. Revenue Recognition

There is no transaction in which revenue recognition has been postponed or pending the resolution of significant uncertainty.

11. Draw Down from Reserves

The Company has not drawn down any reserve during the current and previous year.

12. Concentration of Deposits, Advances, Exposures and NPAs

13. Concentration of Deposits (for deposit taking NBFCs)

The Company is Non-Deposit taking non Banking Finance Company, hence, concentration of Deposit detail is not applicable.

14. Overseas Assets (for those with Joint Ventures and Subsidiaries abroad)

The Company does not have any joint venture and subsidiary abroad.

15. Off-balance Sheet SPVs sponsored (which are required to be consolidated as per accounting norms)

The Company does not have Off-balance sheet SPVs sponsored which is required to be consolidated as per accounting norms.

16. Customer complaints received and attended to during the financial year 2015-16

a. There has been no complaints received from customers during the current and previous year.

17 In the opinion of the management, there is only one reportable segment as envisaged by AS 17 ' Segment Reporting'. Accordingly, no separate disclosure for segment reporting is required to be made in the financial statements of the Company.

18. Other Notes

(a) In an arbitration dispute between Daiichi Sankyo ("Claimant") and the sellers of Shares of erstwhile Ranbaxy Laboratories Limited ("Respondents"), which includes Oscar Investments Limited as a party, the Arbitration Tribunal has issued an award, by a majority of 2:1 in favor of the Claimant for damages of an amount of Rs. 2,56,278.00 Lakhs (approx.) , quantified interest, costs and expenses of the arbitration till the date of award and interest on above until date of payment, against all the Respondents, jointly and severally.

The Company intends to challenge the enforceability of award in the Indian Courts. Accordingly the said award is not binding and cannot be legally enforced till the time a final non appealable order is passed against the company in proceedings challenging the award. The Company has been legally advised that the likelihood of payment by respondents of damages awarded in the award is remote and accordingly as per AS 29 no provision or contingent liabilities has been provided for.

(b) There are no transactions during the year ended March 31, 2016 with Micro, Small and Medium Enterprises and as such there is no balance outstanding as at March 31, 2016.

(c) The Board of Directors of Oscar Investments Limited at their meeting held on 14th December, 2015, inter-alia, considered and approved the Scheme of Amalgamation under Section 391 to 394 under the Companies Act, 1956 and corresponding Sections of the Companies Act, 2013 (as and when such corresponding Sections are notified in the Official Gazette by the Central Government) amalgamating Health fore Technologies Limited into Oscar Investments Limited.

19. Previous Year Figures

The previous year figures have been regrouped/reclassified whenever necessary to conform to current year's classification.