Telge Projects Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

3. PROVISION & CONTINGENT LIABILITIES:

a. Provisions are recognized for present obligations that arise out
of past events entailing future outflow of economic resources to
settle the obligation on the reporting date. Such provisions are
determined based on the best estimates required to settle the
obligation at the reporting date.

b. Disclosure for contingent liability is made when there is a
possible obligation or a present obligation that may, but probably
will not, require an outflow of resources. Where there is a possible
obligation or a present obligation in respect of which the
likelihood of out flow of resources is remote, no provision or
disclosure is made.

c. Capital commitments are the unexecuted value of monetary
commitment which the company is contractually bound to pay in
near future against the contracts which are capital in nature.

d. Company have not considered any impact of contingent
liabilities.

Note: This Information is not applicable as plan is non funded.

12. Debtors, Creditors and advances to and from various parties
are subject to confirmation and subsequent reconciliation, if any.

13. In the opinion of the Management, the current assets, loans
and advances, investments have a value on realization in the
ordinary course of the business at least equal to the amount at
which they are stated in Balance Sheet.

14. The Company has not invited and accepted any deposits from
public during the financial year as per Section 73 of the
Companies Act, 2013.

15. The Previous year’s figures been reworked, regrouped,
rearranged, and reclassified wherever necessary.

16. Additional regulatory information not disclosed elsewhere in
the financial statements:

16.1. Title deeds of all the Immovable Properties are held in name
of the Company

16.2. The Company has not revalued its property, plant and
equipment and Intangible assets during the current or previous
year

16.3. No proceedings have been initiated on or are pending
against the Company for holding benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and
Rules made thereunder

16.4. According to the information and explanations given to us
and based on our audit procedures, the Company is not declared
willful defaulter by any bank or financial institution or other
lender;

16.5. The Company does not have any transactions with
companies struck off;

16.6. The Company does not have any charges or satisfaction
which is yet to be registered with Registrar of Companies (ROC)
beyond the statutory period;

16.7. The Company has complied with the number of layers of
companies prescribed under the Companies Act, 2013;

16.8. The Company has not entered into any scheme of arrangement
which has an accounting impact on current or previous financial
year;

16.9. The Company has not advanced or loaned or invested funds to
any other persons or entities, including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company
(Ultimate Beneficiaries) or;

(b) provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries;

16.10. The Company has not received any fund from any persons or
entities, including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the
Company shall:

(a) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the Funding
Party (Ultimate Beneficiaries) or;

(b) provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries;

16.11. The Company does not have any such transaction which is not
recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under
the Income Tax Act, 1961 (such as, search or survey or any other
relevant provisions of the Income Tax Act, 1961);

16.12 The Company has not traded or invested in crypto currency or
virtual currency during the current or previous year;