1. General information:
Company was originally incorporated at New Delhi as “Satkar Finlease Private Limited" on 10th January, 1996 under the provisions of the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. Our Company was converted in to a Public Limited Company and consequently the name was changed to “Satkar Finlease Limited" vide fresh certificate of incorporation dated 21st May, 2013 issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. Company is a non deposit taking, NBFC, registered with the RBI, New Delhi vide Registration No.B-14.01661 and engaged in the business of providing financial services since inception.
2. Transition to Ind AS
M/s Satkar Finlease Limited was incorporated on 10th January 1996, hence the transition to Ind AS was carried out from Previous GAAP since incorporation
3. Related Party Disclosure
No Related Parties Transaction has taken place during the period.
4. Segment Reporting
Company is working in only in one segment hence reporting Segment is not required as per Indian Accounting Standard 108 "Operating Segments".
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