| 1 Corporate Information
Aadhaar Ventures India Limited, (formerly known as Prraneta Industries
Limited) was incorporated in February 1995, (bearing CIN No:
L67120GJ1995PLC024449) having NBFC Registration with RBI, the
Registered Office of the Company is Located at Office No. 4019, 4th
Floor, World Trade Centre, Ring Road, Surat - 390002, Gujarat, The
Company is engaged in trading, investing, infra and other operations.
The activities of the Company include financing Periodical Loans,
Equity Participation, supervisory and consultancy services, leasing,
bill discounting and Trading of Textile Products.
2. Terms/Rights attached to equity shares
(i) The Company has only one class of Equity Shares having a par value
of Rs 1/- each. Each Shareholder is eligible one vote per share. Any
Shareholder whose name is entered in the Register of Members of the
Company shall enjoy the same rights and be subject to the same
liabilities as all other shareholders.
(ii) The dividend, if any, proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual
General Meeting, except in case of interim dividend.
(iii) In the event of liquidation, the equity shareholders are
eligible to receive the remaining assets of the Company after
distribution of all preferential amounts, in proportion to their
shareholding.
* The Company has not received any memorandum (as required to be filed
by the Supplier with the notified authority under the Micro, Small and
Medium Enterprises Development Act, 2006 claiming their status as on
31st March 2015 as Micro, Small or Medium Enterprises. Consequently
the amount paid / payable to these parties during the year is NIL.
a) Key Managerial Person
Joyti Munver Director
Jils Raichand Madan Director
Somabhai S. Meena Director
Manish Bhupendra
Thakkar Director
b) Transaction with related parties for the year ended are as follows;
Transaction /Nature of relationship
In view of the number of employees being below the stipulated numbers,
the Provident Fund, ESIC, Bonus and payment of Gratuity Act are not
applicable to the company for the year.
Note : 3 Earnings per share ('EPS')
Basic EPS is computed using the weighted average number of equity
shares outstanding during the year. Diluted EPS is computed using the
weighted average number of equity and dilutive equity equivalent
shares outstanding during the period except where the results would be
anti-dilutive.
Note : 4 Provisions and Contingent Liabilities
A provision is recognized when the Company has present obligation as a
result of past events and it is probable that an outflow of resources
will be required to settle such obligation, in respect of which a
reliable estimate can be made. Contingent liabilities not provided for
in the accounts are disclosed in the account by way of notes
specifying the nature and quantum of such liabilities.
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