| 1. Right, Preferences and Restriction attached to shares Equity shares
The company has only one class of Equity having a par value Rs. 10.00
per share. Each shareholder Is eligible for one vote per share held.
The dividend proposed by the board of directors is. subject to the
approval Of the shareholders in ensuing Annual General Meeting, except
in case of interim dividen 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.
2. Corporate Information
Sun Source (India) Limited was incorporated under the Companies Act,
1956 on 10-04- 1992.
The Company is principally engaged in executing alternate power
projects During the year, the. Company is in the process of exploring
sources of alternate power projects. As an ancillary activity, the
Company carries trading activity. During the year the income is mainly
from this trading activity.
3. Gujarat Electricity Board has filed a suit against the company for
recovery of electricity dues, penalty etc, for approx 3 Lacs, The
Company has opted for settlement of the dues under the Amnesty scheme of
Government of Gujarat. The liability if any is not ascertainable.
4. RSEB has invoked Bank guarantee of 75 lac given by Vijaya Bank,
against Fixed Deposit placed by the company. RSEB has received 75 Lac
from Vijaya Bank & 25 lac which were lying with RSEB is also
confiscated. However on the request of the company, RSEB has kept ' 100
lac as interest free deposit for future work that would be given to the
company. Hence ' 1 crore is Shown as advance to RSEB.
5. Previous Year's figures have been regrouped wherever necessary.
6. The Company has no information on micro, small or medium
enterprises to whom the Company owes dues, which are outstanding over
45 days as at 31st March 2014 as required, under the Micro, Small and
Medium Enterprises Development Act, 2006.
7. The balance in respect of Trade Receivables, loans and advances-
Long Term and Short Term Deposits, bank balances and other accounts,
either debit or credit, as appearing in the books of accounts are
subject to confirmations from the respective parties as well as the
reconciliation/ adjustments, if any, arising there from.
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