Sl.No.
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PARTICULARS
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DETAILS
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1.
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Name of the Company
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2.
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Authorised Capital of the
Company
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3.
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Year for which
exemption/permission is sought
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4.
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Detailed reasons and
justification in respect of the proposal.
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5.
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Particulars of fee paid for
the application.
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6.
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A certified copy of the Board of
Directors’ resolution for the exemption sought for indicating the specific
proposal.
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7.
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Whether a certified copy of
Balance Sheet for the last 3 years attached.
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8.
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State whether the company is a Government or a Public/Private
Limited company.
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9.
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If the company is a Govt.
company whether the concurrence of the administrative Ministry is obtained
and if so a copy thereof.
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10.
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A certificate from the company
Secretary/Director certify that no relevant facts/materials to the proposal
have been concealed or misrepresented.
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11.
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An undertaking that the
company will not come up with any public issue or private placement or invite
any fresh deposits in the next 18 months.
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12.
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If the exemption/permission is
sought on the ground to declare
dividend, the rate of dividend and the total amount involve thereon of dividend .
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13.
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Has the company been declaring
dividend in the past few years; if so, at what rates? At what rates does the
company intend to pay dividend in the current year?
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14.
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What is the shareholding of
the promoters and their relatives in the company.
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15.
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Was the company defaulting in
its payments to creditors/bankers or has any plan to re-schedule its
payments?
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16.
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Whether the company has made
any application for payment of managerial remuneration higher than the limits
prescribed under Schedule XIII of the Companies Act.
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17.
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What is the net worth of the
company and how it is going to be affected by not providing for depreciation.
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18.
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How the interest of the stakeholders
other than shareholders going to be affected. Current share prices?
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19.
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Are there any special
circumstances in the year for which exemption is sought? The reasons could be
acts of God or general, pertaining to the economy or a sector as a whole or
pertaining to business activities of the company alone.
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20.
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In case exemption is sought on
ground which are not internal to the company’s functioning or pertaining to the
business activities of the company, the case should be supported by published
facts and figures.
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21.
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If the claim is made on
grounds like improved technology, longer life of plant and machinery etc.,
supporting literature should be provided.
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22.
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Detailed justification of
public interest involved in the proposal.
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23.
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Amount
of depreciation that is proposed not t o be provided for ? |
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24.
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Number
of years in which the deferred depreciation is proposed to be provided for
indicating the specific year of its commencement. |
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25.
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How
the company is going to make up for non-provision of depreciation at the time
when replacement of plant and machinery etc. becomes due ? |
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