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Notes to Accounts of ISL Consulting Ltd.

Mar 31, 2016

[1] The Company has only one class of Equity Shares, having a par value of Rs.10/- per share. Each Share Holder is eligible to one vote per share held. The Dividend proposed, if any, by the Board of Directors is subject to approval of Share Holders in the ensuing Annual General Meeting, except in case of interim Dividend. The repayment of equity Share Capital in the event of Liquidation and buyback of Shares are possible subject to prevalent regulations. In the event of Liquidation, normally, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts in proportion to their shareholding.

[2] There Were No Unpaid Calls Due From Directors / Officers Of The Company.


A] Holder of equity shares is entitled to one vote per share.

B] The company declares and pays dividend in Indian rupees. the companies act,2013 provides that dividend shall be declared only out of the profits of relevant year or out of the any previous years after providing for depreciation in accordance with the provisions of the act and the company may transfer such percentage of its profits for that financial year as it may consider appropriate to the reserves of the company.

C] In case of inadequacy or absence of profits in any year, the company may declare dividend out of free reserves subject to the condition that the rate of dividend shall not exceeding average of the rates which dividend was declared by the company in three years immediately preceding that year.

D] In the event of liquidation of company, the holder of shares shall be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. the amount distributed will be proportion to the number of equirt shares held by the shareholders.

Note:- The above Deduction during the Financial Year ended on 31st march,2015 in Reserves & Surplus of Rs.7,36,231/- refers to the difference in depreciation rate as per Schedule XIV as per Companies Act, 1956 and Schedule II of the Companies Act, 2013.

The company has taken office under operating lease or leave and license agreements. These are generally cancelable in nature and range between 11 months to 36 months. These leave and licenses agreements are generally renewable by mutual consent or mutually agreeable terms. The lease payment recognized in the profit and loss account is rs. 6,05,000/- (previous year rs. 5,85,000/-)

NOTE: The Above Working Of Deferred Tax Is Based On Assessment Orders Where Assessments Are Complete And On Return Of Income In Other Cases.

[ 3 ] Sundry creditors includes amount due to SSI, micro, small and medium enterprises as on 31.03.2016: rs. nil (nil) with available information from micro, small and medium enterprises regarding their registration with central/state government authorities the disclosure as per section 23 of the micro small medium enterprises development act, 2006 is made.

[ 4 ] Balance Of Unsecured Loans, Sundry Creditors, Sundry Debtors Are Subject To Confirmation.

[ 5 ] Figures Of Previous Year Have Been Regrouped / Rearranged Wherever Necessary.

Mar 31, 2014

Not Available.

Mar 31, 2013

1. During the year the company has written off Rs. 1,29,311/- investments in certain companies which were struck off U/s 560 by Registrar of Companies.

2. Previous year figures have been regrouped to confirm with the layout of the accounts of the current year.

Mar 31, 2012

1. Due to the nature of the industry, the quantitative details like Licensed, Installed Capacity, Production and Quantitative details of Purchases and Sales are not applicable.

2. During the year the company shares of Rs.30,65,000/- has been written off since the company has been strike off in the Registrar of companies.

3. Previous year figures have been regrouped to confirm with the layout of the accounts of the current year.