Accounting Policies of Regaliaa Realty Ltd. Company

Mar 31, 2014

1. The accounts are presented on accrual basis and in accordance with the Accounting Standards specified in Sub (3c) of Sec 211 of the Companies Act, 1956.

2. Fixed Assets are Stated at Cost.

3. Depreciation of Fixed Assets is provided in accordance with Schedule XIV of the Companies Act, 1956, on the Written Down Value of the individual Assets.

4. Development of Projects in Progress are valued at cost.

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Mar 31, 2013

1 The accounts are presented on accrual basis and in accordance with the Accounting Standards specified in Sub (3c) of Sec 211 of the Companies Act, 1956.

2 Fixed Assets are Stated at Cost.

3 Depreciation of Fixed Assets is provided in accordance with Schedule XTV of the Companies Act, 1956, on the Written Down Value of the individual Assets.

4 Development of Projects in Progress are valued at cost.

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Mar 31, 2010

1 The accounts arc presented on accrual basis and in accordance with the Accounting Standards specified in Sub (3c) of Sec 211 of the Companies Act, 1956.

2 Fixed Assets are Stated at Cost.

3 Depreciation of Fixed Assets is provided in accordance with Schedule XIV of the Companies Act, 1956, on the Written Value of the individual Assets.

4 Dividendment of Projects in Progress are valued at cost.

5 Margin Money Rs.23,69,250/- received from Shareholders has been fotefeited and recognised as Other Income as the shareholders have expressed their disinterest to pay the balance sum and get the Inferential shares allotted in their favour.