The Segment Revenue in the geographical segments considered for disclosure are as follows:
(a) Revenue within India includes sales to customers located within India and earnings in India.
(b) Revenue outside India includes sales to customers located outside India and earnings outside India.
16. Disclosure of Related Party Transactions in accordance with Accounting Standard (AS-18) “Related Party Disclosures” issued by the Institute of Chartered Accountants of India
Related party where significant influence exists is mentioned below:
Party Relationship
Rich Network P Entity in which Director can exercise significant ______control_
Nikki Global Finance 1 *d Entity in which Director can exercise significant _control___;_
1. During the year under consideration no borrowing cost has capitalized by the company in accordance with the Accounting Standard 16. ‘Borrowing Cost’ issued by the Institute of Chartered Accountants of India.
2. The figure of the previous year have been regrouped/ rearranged wherever necessary in order to make them comparable with the figures of the current year.
3. Figures have been rounded off to the two decimals places.
4. Income Tax department has raised demand of Rs. 3, 86, 21, 697.00 relating to A.Y. 2011-12 on 31.03.2014. The company has filed appeal against the relevant AO’s order relating to A.Y. 2011-12 on 24.04.2014 before the First Appellant Authority. This is a contingent liability which has not been provided for in books of accounts.
as my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Annual
General Meeting of the Company, to be held on Thursday, September 29, 2016 at 10.30 a.m. at
215, Delhi Chambers, Delhi Gate, Delhi-110002 and at any adjournment thereof in respect of such resolutions as are indicated below:
Ordinary Business
. Adoption of audited financial statements for the financial year ended 31st March, 2016 and the Reports of Board of Directors and Auditors thereon (Ordinary Resolution).
2. Re-appointment of Mr. Abhishek Tandon (DIN: 03530860) who retires by rotation (Ordinary Resolution).
3. Re-appointment of M/s. J Agarwal & Associates, Chartered Accountants, Kanpur as Statutory Auditors of the Company and fixing their remuneration (Ordinary Resolution).
Special Business
4. Appointment of Mr. Mukesh Kumar as Whole Time Director for further period of 5 years commencing from June 1, 2016 to May 31, 2021 (Special Resolution).
5. Appointment of Mr. Ankur Agarwal as Whole Time Director for further period of 5 years commencing from June 1, 2016 to May 31, 2021 (Special Resolution).
6. Authorization to (i) give any loans to any person(s) or other body corporate(s), or (ii) give any guarantees or to provide security in connection with a loan to any other body corporate(s) or person(s), or (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate(s) exceeding sixty percent of Company’s paid up capital and its free reserves and securities premium account or one hundred percent of its free reserves and securities premium account, provided that the total loans or investments made, guarantees given, and securities provided shall not exceed an aggregate amount of Rs. 200 Crores and rectification of earlier transactions (Special Resolution).
7. Authorization to make transactions with related party(ies) being in ordinary course of : . business and on arms length basis and rectification of earlier transactions (Special Resolution).
8. Authorization to borrow any sum or, sums of money from time to time on such terms and conditions and with or without security as the Board may think fit which, together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Company’s Bankers in the ordinary course of business), may exceed the aggregate for the time being of the paid-up capital and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount of money/moneys so borrowed by the Board shall not at any point of time exceed the limit of Rs. 100 Crores (Rupees Hundred Crores Only) (Special Resolution).
Note: 1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company not less than 48 hours before the commencement of the Meeting. -
2. A person can act as a Proxy on behalf of not more than fifty members holding in aggregate, not more than ten percent of the total share capital of the Company. Members holding more than ten percent of the total share capital of the Company may appoint a single person as Proxy, who shall not act as a Proxy for any other Member
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