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Notes to Accounts of Chartered Capital & Investment Ltd.

Mar 31, 2015

1. Related Party Disclosure

a) Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanantan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A. L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel(Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

(iii) Saphire Finman Services Private Limited (Up to 01/01/2015)

(iv) Saphire Finman Services LLP (From 02/01/2015)

(v) Laburnum Chemicals Private Limited

Notes:-

(i) No amounts pertaining to related parties have been provided for as doubtful debts. Also no amounts have been written off or written back during the year.

2. Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI.

3. Employees' Benefits

(a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since numbers of eligible employees are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

4. Details of dues to micro and small enterprises as defined under the MSMED Act,2006There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March, 2015. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Activity in foreign currency:

Expenditure & Income in foreign currencies – Nil

6. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, provision is made for diminution in the value of such investments, since in the opinion of the board it is a other than temporary phenomenon and provision is necessary.

7. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

8. Previous year's figures have been rearranged and reclassified wherever necessary to correspond with the current year.


Mar 31, 2014

1. Related Party Disclosure

a) Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanatan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A.L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel (Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

(iii) Saphire Finman Services Private Limited

(iv) Laburnum Chemicals Private Limited

2. Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI.

3. Employees* Benefits (a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since number of eligible employees are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

4. Details of dues to micro and small enterprises as defined under the MSMED Act,2006

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March,2014. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Activity in foreign currency Expenditure in foreign currencies - Nil

6. Investments of the Company have been considered by the management to be of Long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is Lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

7. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

8. Subsequent developments after SEBI''s order in the matter of IPO of RDB Rasavans Limited

In the matter of IPO of RDB Rasayans Limited, SEBI has initiated an enquiry and issued a Show Cause Notice (SCN) dated July 26, 2013 against the Company under Regulation 25(1) of Securities and Exchange Board of India (Intermediaries) Regulations, 2008 which was replied by the Company in time and enquiry proceedings are under process. Company expects that SEBI will accept its submissions and absolve it from all the charges made against it.

9. Previous year''s figures have been rearranged and reclassified wherever necessary to correspond with the current year.


Mar 31, 2013

1. COMPANY INFORMATION:

Chartered Capital and Investment Limited is a Public Limited Company, listed on the Ahmedabad Stock Exchange Limited (ASE) and Bombay Stock Exchange Limited (BSE). The Company is registered as Merchant Banker with the Securities & Exchange Board of India (SEBI). The Company is principally engaged in Merchant Banking activities.

2. Related party disclosure

a. Names of related parties and nature of relationship

I. Key Management Personnel and their relatives (KMP)

1. Shri Sanantan Munsif Chairman

2. Shri Mohib Khericha Managing Director

3. Shri A.L. Sanghvi Vice Chairman

II. Enterprise under significant influence of key management personnel (Enterprise)

(i) Shabina Enterprise.

(ii) TD Power Systems Limited

Notes:-

(i) No amounts pertaining to related parties have been provided for as doubtful debts. Also no amounts have been written off or written back during the year.

3 Segment Reporting:

The company is engaged in the business of providing consultancy services and merchant banking services in India and there are no separate reportable primary or secondary segments as per Accounting Standard 17 Segment Reporting issued by the ICAI

4 Employees'' Benefits

(a) Defined Benefit Plan :

The Payment of Gratuity Act is not applicable to company since number of eligible employee are less than requisite number.

(b) Defined contribution plan :

The Company has recognized the following amount in Profit and Loss Account which is included under contribution to funds.

5. Details of dues to micro and small enterprises as defined under the MSMED Act,2006.

There are no Micro, Small and Medium Enterprises to whom the company owes dues, which are outstanding for more than 45 days as at 31st March,2013. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

6. Activity in foreign currency

Expenditure in foreign currencies - Nil

7. Investments of the Company have been considered by the management to be of long-term nature and hence they are valued at cost of acquisition. In respect of quoted investments where the market value is lower than the acquisition cost, no provision is made for diminution in the value of such investments, since in the opinion of the board it is a temporary phenomenon and no provision is necessary.

8. The company has been exempted from registration with Reserve Bank of India under Section 45 IA of Reserve Bank of India Act, 1934.

9. Hon''ble Securities Appellate Tribunal(SAT) has, vide its order dated October 25,2012,While hearing an appeal made by company against the orders passed by SEBI,set aside the said orders of SEBI and also directed the SEBI to complete the investigation & take appropriate decision qua the appellants by December 31,2012. SEBI had earlier vide its ex-parte ad- interim order dated December 28, 2011 in the matter of IPO of RDB Rasayans Limited for which the Company was the BRLM, has, inter alia, prohibited the Company and its 2 key officials, from taking up any new assignment or involvement on any new issue of capital including IPO, follow-on issue etc. from the securities market in any manner whatsoever from the date of the Impugned Order till further directions. SEBI further confirmed the said order through their confirmatory order dated September 7, 2012.

 
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