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Union Budget 2017-18
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Accounting Policies of Betala Global Securities Ltd. Company

Mar 31, 2014

A) The accounts are prepared in accordance with historical cost convention.

b) Fixed Assets and Depreciation :

Fixed assets are stated at cost less depreciation. Depreciation has been provided on straight line method at the rates prescribed under Schedule XIV to the Companies Act 1956.

c) Investments:

All Investments are long term and are stated at cost and provision for dimiunation in value of investments have been made, for fluctutation which are permanent in nature.

d) Gratuity:

The Provisions of Gratuity Act are not applicable to the Company.


Mar 31, 2013

A) The accounts are prepared in accordance with historical cost convention.

b) Fixed Assets and Depreciation :

Fixed assets are sated at cost less Precaution- Depreciation has been provided on 1956 prescribed under Schedule XIV to the Companies Act,

c) Investments :

All investments are long term and are stated at cost and Provision for diminution in value of investments have been made, for fluctuations which are permanent in nature.

d) Gratuity:

The Provisions of Gratuity Act are not applicable to the Company.

2.11 Previous year figures have been regrouped wherever necessary.

2.12 Contingent Liabilities - NIL

2.14 Related Party Transactions

List of Related Parties .

Associates Concern

1. Vulvae Capital Management (P) Ltd

2. Vulvae Capital Management Pvt Ltd

Key Management Personnel (KMP)


Mar 31, 2012

A) The accounts are prepared in accordance with historical cost convention.

b) Fixed Assets and Depreciation :

Fixed assets are stated at cost less depreciation. Depreciation has been provided on straight line method at the rates prescribed under Schedule XIV to the Companies Act, 1956.

c) Investments :

All Investments are long term and are stated at cost and provision for dimiunation in value of investments have been made, for fluctutation which are permanent in nature.

d) Gratuity :

The Provisions of Gratuity Act are not applicable to the Company.


Mar 31, 2011

A) The accounts are prepared in accordance with historical cost convention.

b) Fixed Assets and Depreciation :

Fixed assets are stated at cost less depreciation. Depreciation has been provided on straight line method at the rates prescribed under Schedule XIV to the Companies Act, 1956.

c) Investments :

All Investments are long term and are stated at cost and provision lordimiunation in value of investments have been made, lortluctutation which are permanent in nature.

d) Gratuity:

The Provisions of Gratuity Act are not applicable to the Company.


Mar 31, 2010

A) The accounts are prepared in accordance with historical cost convention.

b) Fixed Assets and Depreciation : -

Fixed assets are stated at cost less depreciation. Depreciation has been provided on straight line method at the rates prescribed under Schedule XIV to the Companies Act, 1956.

c) Investments:

All Investments are long term and are stated at cost and provision for dimiunation in value of investments have been made, for fluctutation which are permanent in nature.

d) Gratuity :

The Provisions of Gratuity Act are not applicable to the Company.


Mar 31, 2000

A.The accounts are prepared in accordance with historical cost convention.

b. Fixed Assets and Depreciation :

Fixed Assets are stated At cost less depreciation.Depreciation has been provided on straight Sine method at the rates prescribed under Schedule XIV to the Companies Act, 1856.

c. Investments: Investments in Trade are stated at cost.

d. Gratuity : The Provisions of Gratuity Act are not applicable to the company,

e. Closing Stock:

The foreign currencies and Foreign Traveller Cheques at the end of the year have been valued at cost or market pries whichever is tess.

f. 10% of preliminary expenses are amortised and written off to Profit & Loss account every year.

 
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