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Notes to Accounts of SVP housing Ltd.
Mar 31, 2016
b)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. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing annual general meeting.
c)In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
Nature of Security: Working Capital facilities from Bank are secured by first charge on entire present and future current assets and entire present and future movable assets of the company, and EM of House No143,Jagriti Enclave,Delhi-92. Credit facilities are further secured by personnel guarantee of the directors.