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Notes to Accounts of Typhoon Financial Services Ltd.
Mar 31, 2014
1. Terms/rights attached to equity shares
The company has only one class of shares having a par value of Rs. 10 per
share. Each holder of equity shares is entitled to one vote per share.
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 allotments. The distribution
will be in proportion to the number of equity shares held by the
2. Segment Information
As the company's business activity falls within a single primary
business segment the disclosure requirement of AS 17 (Segment
Reporting) issued by the Institute of Chartered Accountants of India is
Key Management Personnel
Ashok Ratanchand Chhajer
Kashyap Rajendrabhai Mehta
Enterprises owned or significantly influenced by Key Management
Gujarat Craft Industries Ltd.
Woodland Consultancy Service Pvt. Ltd.
Related Party Transactions
The following table provides the total amount of transactions that have
been entered into with related parties for the relevant financial year
3. Particulars as per RBI Notification
Particulars as required to be furnished by a non-deposit taking
Non-Banking Financial Companies as required in terms of para 13 of
Non-Banking Financial (Non-Deposit Accepting or Holding) Companies
Prudential Norms (Reserve Bank) Directions, 2007) vide notification no.
DNBS. 192 / DG (VL)-2007 dated February 22, 2007, issued by the RBI is
given in Annexure Â I attached hereto.
4. Previous Year Figures
The company has reclassified previous year figures to conform to this