Notes to Accounts of Goldline International Finvest Ltd.

Mar 31, 2018

1. General information:

Our Company was originally incorporated in New Delhi as “GOOD-ENOUGH SECURITIES LIMITED” on 9th September, 1992 under the provisions of Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana. The name of the Company was subsequently changed to “GOLDLINE INTERNATIONAL FINVEST LIMITED” vide Fresh Certificate of Incorporation dated 10th November, 1995 issued by the Registrar of Companies, NCT of Delhi & Haryana.

2. Transition to Ind AS

GOLDLINE INTERNATIONAL FINVEST LIMITED was incorporated on 9th September, 1992, hence the transition to Ind AS was carried out from Previous GAAP since incorporation

3. Related Party Disclosure

No Related Parties Transaction has taken place during the period.

4. Segment Reporting

Company is working in only in one segment hence reporting Segment is not required as per Indian Accounting Standard 108 “Operating Segments”.

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Mar 31, 2016

1. NOMINATION AND REMUNERATION COMMITTEE

In compliance with Section 178 of the Companies Act, 2013, the Board in its meeting constituted the "Nomination and Remuneration Committee" and met 4 times on 11.05.2015, 17.09.2015, 06.10.2015, 25.01.2016.

Composition

The composition of Remuneration Committee of the Board comprises of Three Directors as at 31st March, 2016:-. The attendance of the Members at the meeting was as under

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Mar 31, 2014

(a) Income and Expenses are being accounted for an accrual basis.

(b) Fixed Assets are stated at cost less Depreciation. Cost comprises the purchase price and any attributable cost of bringing the assets to working condition for its intended use.

(c) Depreciation is provided using the Straight Line Method at the rates and in the manner specified in Schedule XIV of the Companies Act, 1956.

3. Figures of previous year have been regrouped, re-cast or rearranged to make them comparable with Current year''s figures wherever deemed necessary.

4. Figures in bracket indicate negative figure.

5. Balances of some of the Parties are subject to confirmation & reconciliation.

6. Information required under Paragraph 3 and 4 of the Schedule VI of the Companies Act, 1956 are given to the extent applicable.

7. The Company does not own any amount due to any Small Scale Industrial Unit outstanding for more than 30 days as on 31st March 2014.

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Mar 31, 2013

Not Avilable

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Mar 31, 2012

Not Available

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Mar 31, 2011

Not Available