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Notes to Accounts of Dynamic Archistructures Ltd.
Mar 31, 2014
1. Terms/rights attached to equity shares :
The Company has only one class of equity shares having a face value of
Rs.10/~ each. Each holder of equity share 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.
During the year ended on 31st March 2014, no dividend was declare
either Interim or final (Previous year Rs.Nil including Interim
dividend of Rs.Nil).
In the event of liquidation of the Company, the equity shareholders
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.
2. RELATED PARTY DISCLOSURE
As per accounting standard 18, disclosures of the transactions with the
related parties as defined in the Accounting Standard are given below;
(i) List of related parties with whom transactions have been taken
place and relationship:
NAME OF THE RELATED PARTY RELATIONSHIP
Shri Danmal Porwal Key Management Personnel
Smt. Aditi Porwal Relative of Key Management Personnel