2.12 Provision, Contingent liabilities and contingent assets
Provisions involving substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past event and it is probable that there will be an outflow of resources. Contingent liabilities
are not recognized but the same is disclosed in the financial statements. Contingent assets are neither recognized
nor disclosed in the financial statements.
2.13 Applicability of IndAS-24
In accordance with the requirements of IndAS-24 “Related Party Disclosures “issued by the Institute of Chartered
Accountants of India, the following persons are considered as Related Party as define in IndAS-24:-
2.14 Foreign Currency Transaction
There are no such foreign currency transactions during the year.
2.15 C/F Value of Import Raw Materials: NIL
2.16 Expenditure in Foreign Currency: NIL
2.17 Earning Per Share: The Earning Per Share (IndAS-33) has been computed as under:
2.18 Other Statutory Information:
The Company does not have anything to report in respect of the following:
• Benami properties
• Trading or investment in crypto or virtual currency
• Giving/receiving of any loan or advance or funds with the understanding that the recipient shall lend,
invest, provide security or guarantee on behalf of the Company/funding party.
• Transactions with struck-off companies
• Non-compliance with number of layers as prescribed under the Companies Act, 2013, read with
Companies (Restriction on number of Layers) Rules, 2017
• Charges or satisfaction not registered with ROC beyond statutory period
• The Company is not declared as willful defaulter by any bank or financial Institution or other lender.
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