Accordingly, the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013 in Form AOC-2 is not applicable.During the financial year under review the Company has incorporated two wholly owned subsidiaries namely (a) “SpiceJet Merchandise Private Limited” in July 2016 which is engaged in the business of consumer merchandise and goods that includes electronic items, readymade apparels, accessories etc. transactions exceeding ten percent of the annual consolidated turnover of the Company as per the last audited financial statements, were entered during this financial year by the Company. 3,290 million through a bank guarantee in favour of the Registrar General of the Delhi High Court (“Registrar”), on or before July 31, 2017, and to deposit the balance amount of Rs.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186The Company has not granted any loan, given guarantee or security or made investment under the provisions of Section 186 of the Companies Act, 2013 during the financial year under review except:a) Investment of Rs.0.10 million each in equity shares of wholly owned subsidiaries of the Company namely SpiceJet Merchandise Private Limited and SpiceJet Technic Private Limited; andb) Investment of Rs. However, the Supreme Court modified the period within which the bank guarantee and deposit were to be made to the Registrar by two weeks’ respectively from the original deadlines as mentioned above.The Company has provided guarantee of Rs. If the company has changed line of business without intimating the Registrar or is a diversified business, classification may be different.
We place on record our appreciation for the contribution made by our employees at all levels. SpiceJet to infuse Rs 300 crore; new directors appointed on board The Airline’s Board Of Directors Has Also Appointed New Majority Shareholder Ajay Singh And His Wife Shiwani Singh As Directors And Harsha Vardhana Singh As Independent Director. 15,000,000,500 and its paid up capital is Rs. Soon after receipt of requisite approval of MoCA, the Company has inducted independent directors on its Board with effect from September 7, 2016 having an optimum mix of independent and non-executive directors with all related compliances been regularized. The Scheme expired on September 11, 2016 which was the last date for exercise of options vested to the employees. In addition to this the Company ferried and distributed to Jorhat nearly 800 kilos of rice and dal (donated by Anybody Can Help); 103 cartons of milk (donated by Nestle) and 42 cartons of medicines, donated by NGO The Sara - Jammu.b) The Company has provided financial assistance to NGO SAPNA for its social activities namely (i) “Anandam - A home for Sick and Destitute” and (ii) “SAPNA Shikshalaya - A school for underprivileged Girls”.
The Statutory Auditors have considered this disclaimer in respect of the subsidiaries and have provided an unmodified opinion on the consolidated financial statements for year ended March 31, 2017 in their report dated June 3, 2017Further, a statement containing the salient features of the financial statements of all subsidiaries in the prescribed Form AOC-1, is annexed as “Annexure -A” to this Report. This special initiative programmed a one hour flight for kids aged between 12 to 14 years who have never flown before thereby giving them a lifetime opportunity20. 5,790 million as security with the Court, in five equal monthly instalments, and directed the parties to take necessary steps for the purpose of constitution of an arbitral tribunal.The Company preferred an appeal against the aforesaid order which was dismissed by Hon’ble Division Bench of the Court (“Division Bench”) on July 3, 2017.