1. CORPORATE INFORMATION
J J Finance Corporation Ltd is a company incorporated in India and
regulated by Reserve Bank of India (RBI) as a Non- Deposit Accepting or
Holding Non Banking Financial Company (NBFC) engaged in the business of
Finance and Generation of Electricity through Wind Power Mill.
2. SHARE CAPITAL
(i) Terms / Rights and restrictions attached to Equity Shares :
The company has only one class of equity shares having a par value of
Rs. 10 per share. Each holder of equity shares is entitled to one vote
per share held. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing AGM except
in the case of interim dividend. In the event of liquidation, the
ordinary shareholders are eligible to receive the remaining assets of
the Company after distribution of all preferential amounts in
proportion to their shareholding.
3. ADDITIONAL NOTES
The company has not received any memorandum as required to be filed by
the suppliers with the notified authority under regarding registration
under Micro, Small and Medium Enterprises Development Act, 2006 for
claiming their status as micro, small or medium enterprises as at 31st
March, 2015. Therefore, there are no dues outstanding to Micro, Small
and Medium Enterprises (Previous year Nil).
4. RELATED PARTY DISCLOSURES
A. Names of the related parties :
Related parties as per AS 18 with whom transaction have taken place
during the year :
i) Key Management Personnel Mr. Anil Jhunjhunwala
ii) Enterprise over which key managerial
personnel and relatives of Such personnel are
able to exercise Significant influence : J J Automotive Ltd.
B. Related Party Transactions during the year
(i) With Key Management Personnel Mr. Anil Jhunjhunwala
Managing Directors Remuneration Rs. 0.20 Lac
(From 1st Sept'14 to 30th Sept'14)
5. Previous year's figures have been regrouped/rearranged/recasted
wherever necessary.
6. Financial figures have been rounded off to nearest rupees.
7. Schedule to the Balance Sheet as on 31st March, 2015 of a
Non-Banking Financial Company is Annexed (Annexure-A)
|