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Notes to Accounts of Insta Finance Ltd.

Mar 31, 2014

1. Contingent Liabilities & Commitment

A Contingent Liabilities

i) Claim against the company not acknowledged

ii) Guarantees

iii) Other Money for which the company is contingent liable

B Commitments

Estimated amt. of contracts remaining to be executed on capital account and not provided for

ii) Uncalled liability on share and other investments parties

iii) Other Commitments

2. Pursuant to the Notification No.447 (E) dated February 28,2011 and Notification No.653 (E) dated March 30, 2011, issued by the Ministry of Corporate Affairs, the Company has prepared its financial statements for the year ended March 31, 2014 as per revised schedules VI to the Companies Act, 1956. Accordingly, the previous year''s figures have been regrouped / reclassified, wherever required to align the financial statements to the revised format.

3. NOTES FORMING PART OF ACCOUNTS.

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under :

a) Audit fees Rs. 5000/- (Prv. Yr. 5000/-)

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2013

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under :

a) Audit fees Rs. 3000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2012

Notes

In Compliance with Accounting Standard - 22 "Accounting for taxes on income" issued by The Institure of Chartered Accountants of India, the deferred tax assets/liabilities (net) accruing during the current year Rs.------------/- (Previous period Rs.--------/-) has been shown in the statement of Profit & Loss. Deferred Tax Assets are calculated at the end of Financial Year as per Companies Act, 1956.

1 Contingent Liabilities & Commitment

A Contingent Liabilities

i) Claim against the company not acknowledged

ii) Guarantees

iii) Other Money for which the company is contingent liable _ _

B Commitments

Estimated amt. of contracts remaining to be executed on capital account and not provided for

ii) Uncalled liability on share and other investments parties

iii) Other Commitments - -

Notes to Accounts

Pursuant to the Notification No.447 (E) dated February 28,2011 and Notification No.653 (E) dated March 30, 2011, issued by the Ministry of Corporate Affairs, the Company has prepared its financial statements for the year ended March 31, 2012 as per revised schedules VI to the Companies Act, 1956. Accordingly, the previous year's figures have been regrouped / reclassified, wherever required to align the financial statements to the revised format.

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under :

a) Audit fees Rs. 3000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2010

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet

4) Auditors remuneration is as under:

a) Audit fees Rs. 3000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3,4C, and 4D of Part- II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.


Mar 31, 2009

1) There are no contingent liabilities nor provided for.

2) Depreciation has not been provided on assets by the company.

3) The value of realization of Current Assets, Loans and Advances in the ordinary course of business will not be less than the value at which they are started in the balance sheet.

4) Auditors remuneration is as under:

a) Audit fees Rs. 3000/-

b) Tax adit fees Rs. NIL/-

c) Other matter Rs. NIL

5) The additional Information pursuant to the provision of the paragraph 3, 4C, and 4D of Part-II of schedule Vi to the companies Act, 1956 has been furnished to the extend possible and applicable because of the nature of the business of the company.

6) The previous year figure has been regrouped and/or rearranged wherever necessary.

 
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