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India E-Commerce Ltd.

BSE: 531061 Sector: Others
NSE: N.A. ISIN Code: INE416B01018
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India E-Commerce Ltd. (INDIAECOMMERCE) - Director Report

Company director report

DIRECTORS REPORT

Dear Members

Your Directors present the 46th Annual Report with Audited Statements of Accounts forthe year ended 31st March 2014.

FINANCIAL RESULTS:

The Company has not carried out any activity during the year under review. During theyear under review the Company has incurred a loss of Rs. 46908/- as compared to loss ofRs. 3470/- during the preceding financial year.

DIVIDEND:

Your Directors regret their inability to recommend any dividend until carry forwardlosses are hopefully wiped out.

DIRECTORS:

Mr. Jayesh Katakia Director retires by rotation and being eligible offers himself forreappointment.

DEPOSITS:

The Company has not accepted any Deposit from the Public during the year under review.As on 31st March 2014 no unclaimed deposits are lying with the Company.

PARTICULARS OF EMPLOYEES:

The Company does not have any employee of the category specified in Section 217 (2-A)of the Companies Act 1956 read with the Companies (Particulars of Employees) Rules 1975.

AUDITORS:

The Auditor of the company M/s. K.R. TIWARI & CO. holds office until the conclusionof the ensuing Annual General Meeting and are recommended for appoint. The Company hasreceived certificate from the Auditors to the effect that their appointment if made wouldbe within the prescribed limits under section 224 (1-B) of The Companies Act 1956.

DIRECTOR’S RESPONSIBILITY STATEMENT:

Pursuant to the requirement under section 217 (2AA) of the Companies Act 1956 withrespect to Directors’ Responsibility Statement it is hereby confirmed:

a) That in the preparation of the annual accounts for the financial year ended 31stMarch 2014 the applicable accounting standards have been followed and there has been nomaterial departure;

b) That the directors have selected such accounting policies were applied consistentlyand the Directors made judgements and estimates that are reasonable and prudent so as togive true and fair view of the state of affairs of the company at the end of financialyear and of profit of the company for that year under review.

c) That the directors have taken proper and sufficient care for the maintenance of theadequate accounting records in accordance with provisions of the Companies Act 1956 forsafeguarding t h e assets of the company and for preventing and detecting fraud and otherirregularities.

d) That the annual accounts have been prepared on a going concern basis.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO:

As there is nil expenditure on the points mentioned above no particulars furnished inthis report as required under Section 217(1)(e) of the Companies Act’1956 read withCompanies (Disclosures of Particulars in the report of the Board of Directors)Rules’1988 regarding conservation of energy t ec hnology absorption and foreignexchange earnings and outgo.

By Order of the Board
For INDIA E-COMMERCE LIMITED
Date: 30th May 2014 Sd/-
Place: Mumbai DIRECTOR

Registered Office:

123 1st Floor Trinity CHS Limited Plot No. 261

Dr. Cawasji Hormasji Street Dhobi Talao

Mumbai-400002