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.

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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)

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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.

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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.

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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.

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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.