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My Money Securities Ltd.

BSE: 538862 Sector: Financials
NSE: N.A. ISIN Code: INE232L01018
BSE 13:21 | 17 Jan My Money Securities Ltd
NSE 05:30 | 01 Jan My Money Securities Ltd
OPEN 28.80
PREVIOUS CLOSE 30.25
VOLUME 14
52-Week high 28.80
52-Week low 0.00
P/E 2875.00
Mkt Cap.(Rs cr) 29
Buy Price 0.00
Buy Qty 0.00
Sell Price 28.75
Sell Qty 81.00
OPEN 28.80
CLOSE 30.25
VOLUME 14
52-Week high 28.80
52-Week low 0.00
P/E 2875.00
Mkt Cap.(Rs cr) 29
Buy Price 0.00
Buy Qty 0.00
Sell Price 28.75
Sell Qty 81.00

My Money Securities Ltd. (MYMONEYSEC) - Director Report

Company director report

To

The Members

Your Directors have pleasure in presenting the 26th Annual Report of theCompany with the Audited Financial Statements of Accounts and the Auditor's Report of theCompany for the period ended 31st March 2017. The Summarized Financial Resultsfor the period ended 31st March 2017 are as under.

1. PERFORMANCE HIGHLIGHTS

The performance highlights of the company for FY 2016-17 are furnished as under:-

S. PARTICULARS YEAR ENDED YEAR ENDED
NO. 31ST MARCH 2017 31ST MARCH 2016
1 Revenue from Operations 6583743 6360622
Other Income 1437721 1425739
Total Income 8021464 7786361
2 Total Expenditure 7097037 6909069
3 Profit (+) / Loss (-) before Depreciation and Tax 924427 877292
4 Depreciation/ Amortisation 279873 271085
5 Profit (+)/ Loss (-) before Tax 644554 606207
6 Current tax 206100 175970
7 Deferred tax Liability/(Assets) (6932) (12582)
8 Earlier year Tax Expenses 5504 11768
9 Net Profit (+)/ Loss (-) after Tax 439882 431051
10 EPS (Basic) & (Diluted) 0.044 0.043

2. REVIEW OF OPERATIONS:

Your Company being a member of National Stock Exchange (NSE) and Metropolitan StockExchange of India Ltd. (MSEI-CURRENCYSEGMENT) is in broking business and total Revenue forthe Financial Year 2016-17 stood at Rs.8021464/-. net profit after tax is Rs.439882/-as against the revenue of previous Financial Year which was Rs. 7786361/- net profitafter tax was Rs. 431051/- .Your company continued to retain its clients despitecompetitive and digitization in this rapidly-growing market.

The business has sustained margins notwithstanding rise in input costs includingsalaries and other marketing expenses going up with inflation. Business continues to besuccessful despite of several economic constraints.

3. DIVIDEND

As the Company wants to invest it profits for the growth and expansion of the Companytherefore the Board of Directors has decided not to declare any dividend for thisfinancial year.

4. NUMBER OF MEETINGS OF THE BOARD

The Board of Directors duly met five times on 30th May 2016 13thAugust 2016 14th November 2016 14th February 2017 and 16thMarch 2017 in respect of which notices were given and the proceedings were recorded andsigned in the Minutes Books maintained for the purpose.

5. SUBSIDIARIES

The company is not having any subsidiary company. Therefore no information is requiredto furnished under Section 129 of the Companies Act 2013 read with relevant rules.

6. COMMITTEES OF THE BOARD

Currently the Board is having four committees namely as Audit Committee StakeholdersRelationship Committee Nomination & Remuneration Committee and Risk ManagementCommittee consists of independent directors.

The Composition of the committees as per the applicable provisions of the Act and Rulesare as follows:

S.No. Name of Committee Name of Members of Committee
1 Audit Committee Mr. Rajnish Khanna Independent Director
Mr. Vineet Gupta Independent Director
Mr. Sanjai Seth Whole Time Director
Mr. Pawan Chawla CFO
2 Risk Management Committee Mr. Rajnish Khanna Independent Director
Mrs. Rajni Seth Director
Mr. Vineet Gupta Independent Director
3 Nomination & Remuneration Committee Mr. Rajnish Khanna Independent Director
Mrs. Rajni Seth Director
Mr. Sanjai Seth Whole Time Director
4 Stakeholders Grievances Committee Mr. Rajnish Khanna Independent Director
Mr. Vineet Gupta Independent Director
Mr. Sanjai Seth Whole Time Director

7. DISCLOSURE AS PER SECRETRIAL STANDARDS: a. DISCLOSURE AS PER SECRETRIALSTANDARD 1 Board Meeting

S.No. Date of Meeting Name of Directors/ KMP Present Name of Director Absent
1 30th May 2016 Mr. Sanjai Seth Mr. Vineet Gupta
Mr. Vikas Seth
Mrs. Rajni Seth
Mr. Rajnish Khanna
Mr.Varun Kalra
Mr. Pawan Chawla
2 13th August 2016 Mr. Sanjai Seth Mr. Vineet Gupta
Mr. Vikas Seth
Mrs. Rajni Seth
Mr. Rajnish Khanna
Mr.Varun Kalra
Mr. Pawan Chawla
3 14th November 2016 Mr. Sanjai Seth
Mr. Vikas Seth
Mrs. Rajni Seth
Mr. Rajnish Khanna
Mr.Varun Kalra
Mr. Pawan Chawla
Mr. Vineet Gupta Nil
4 14th February 2017 Mr. Vineet Gupta
Mr. Sanjai Seth
Mr. Vikas Seth
Mrs. Rajni Seth
Mr. Rajnish Khanna
Mr.Varun Kalra
Mr. Pawan Chawla Nil
5 16TH March 2017 Mr. Vineet Gupta Nil
Mr. Sanjai Seth
Mr. Vikas Seth
Mrs. Rajni Seth
Mr. Rajnish Khanna
Mr.Varun Kalra
Mr. Pawan Chawla

 

Audit Committee
S.No. Date of Meeting Name of Member Present Name of Member Absent
1 30th May 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Mr. Vineet Gupta
2 13th August 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Mr. Vineet Gupta
3 14th November 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mr. Vineet Gupta
4 14th February 2017 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mr. Vineet Gupta
Risk Management Committee
S.No. Date of Meeting Name of Member Present Name of Member Absent
1 30th May 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mrs. Rajni Seth
2 13th August 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mrs. Rajni Seth
3 14th November 2016 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mrs. Rajni Seth
4 14th February 2017 Mr. Rajnish Khanna Mr. Sanjai Seth Nil
Mrs. Rajni Seth
Nomination & Remuneration Committee
S.No. Date of Meeting Name of Member Present Name of Member Absent
1 14th July 2016 Mr. Rajnish Khanna Mr. Vineet Gupta
Mrs. Rajni Seth
Stakeholders Grievances Committee
S.No. Date of Meeting Name of Member Present Name of Member Absent
1 30th May 2016 Mr. Rajnish Khanna Mr. Vineet Gupta
Mr. Sanjai Seth
2 13th August 2016 Mr. Rajnish Khanna Mr. Vineet Gupta
Mr. Sanjai Seth
3 14th November 2016 Mr. Rajnish Khanna Nil
Mr. Sanjai Seth
Mr. Vineet Gupta
4 14th February 2017 Mr. Rajnish Khanna Nil
Mr. Sanjai Seth
Mr. Vineet Gupta

b. DISCLOSURE AS PER SECRETRIAL STANDARD 2

Location and time of Last Three General Meetings:

Year Venue Type of Meeting Date Time
2016-17 10-A Under Hill Lane Annual General Meeting 30/09/2016 11:00 AM
Civil Lines New Delhi-110054
2015-16 10-A Under Hill Lane Annual General Meeting 30/09/2015 11:00 AM
Civil Lines New Delhi-110054
2014-15 10-A Under Hill Lane Annual General Meeting 30/09/2014 11.00 A.M.
Civil Lines New Delhi-110054

8. EMPLOYEES' STOCK OPTION PLAN

Your company had not provided any employees stock options.

9. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL OF THE COMPANY

The Board consists of executive & non- executive directors including independentdirectors who have wide and varied experience in different disciplines of corporatefunctioning.

In accordance with the provisions of Section 152 of the Companies Act 2013 and that ofArticles of Association of the Company Mrs. Rajni Seth (DIN 00350604) Director of theCompany retires by rotation at this AGM of the Company and being eligible they offerherself for re-appointment.

The Company has received declarations from all the Independent Directors confirmingthat they meet with the criteria of independence as prescribed both under Section 149 (6)of the Companies Act 2013 and as per Listing Agreement with the BSE.

10. STATUTORY AUDITORS

Your Directors requested to ratify the appointment of M/s Adiwise M.K. &Associates Chartered Accountants New Delhi (Firm Registration no. 007180N) asStatutory Auditor to hold office from the conclusion of this Annual General Meeting (AGM)till the conclusion of the next AGM of the Company to be held in the year 2018 (subject toratification of the appointment by the members at every Annual General Meeting held afterthis Annual General Meeting)..

The company has received a certificate from M/s Adiwise M.K. & AssociatesChartered Accountants New Delhi (Firm Registration no. 007180N) to the effect that theirratification would be in accordance with the provisions of section 141 of the CompaniesAct 2013 read with Companies (Audit and Auditors) Rules 2014.

11. AUDITOR'S REPORT

Comments of the Auditors in their report and their notes forming part of the Accountsare self explanatory and need no comments. There is no qualification reservation oradverse remark or disclaimer made by the auditor in his report for the period underreview.

12. MANAGEMENT VISION

Your Directors noted with satisfaction the performance of the Company in the currentyear. The outlook remains encouraging and it is expected that positive trend will continuein furthering the growth of the company.

13. SECRETARIAL AUDIT AND THE APPOINTMENT OF THE SECRETARIAL AUDITORS

The company has appointed M/s Sarika Jain & Associates Company Secretaries (Certificateof Practice No. 8992) to hold the office of the Secretarial Auditors and to conductthe Secretarial Audit Report as required under Section 204 of the Companies Act 2013 andthe Rules thereunder. The Secretarial Audit Report for the FY 2016-17 is being attached asAnnexure A with the Directors Report which is explanatory.

14. COMMENTS OF SECRETRIAL AUDITOR REPORT

Comments of the Secretarial Auditors in their report and their notes forming part ofthe Accounts are self-explanatory and need no comments except the followingqualification reservation made by the secretarial auditor in her report for the periodunder review.

Qualification Management Reply
Delay in filing the Form MGT 14 (for Approval of Accounts for quarter ending 30-6-2016 Approval of Directors Responsibility Statement and Board Report Re-appointment of Secretarial Auditor and re-appointment of Internal Auditor). The delay was inadvertent and due to following reasons:
a. Non Working of MCA Website.
b. Non-Availability of Director who was authorized to affix DSC on the form.
Delay in filing the Form MGT 14 (for Approval of Accounts for quarter ending 31-12-2016). The delay was inadvertent and due to following reasons:
a. Non Working of MCA Website.
b. Non-Availability of Director who was authorized to affix DSC on the form.

15. PUBLIC DEPOSIT

The Company neither invited nor accepted any Public Deposit in the year 2016-17. Thereare no small depositors in the company.

16. DIRECTOR'S RESPONSIBILITY STATEMENT

In accordance with Sub-Section (5) Of Section 134 of the Companies Act 2013 the Boardof Directors of the company confirm and submit the Directors Responsibility Statement::

a) in the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

b) the directors had selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company at the end of the financial year and ofthe profit and loss of the company for that period;

c) the directors had taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the company and for preventing and detecting fraud and other irregularities;

d) the directors had prepared the annual accounts on a going concern basis; and

e) the directors in the case of a listed company had laid down internal financialcontrols to be followed by the company and that such internal financial controls areadequate and were operating effectively.

"Internal Financial Controls" means the policies and procedures adopted bythecompany for ensuring the orderly and efficient conduct of its business includingadherence to company's policies the safeguarding of its assets the prevention anddetection of frauds and errors the accuracy and completeness of the accounting recordsand the timely preparation of reliable financial information.

(f) the directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively .

17. PERSONNEL

The company continued to have cordial relations with the employees.

18. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A Management Discussion and Analysis as required under Regulation 34 of the SEBI(Listing Obligations And Disclosure Requirements) Regulations 2015 is annexed and formingpart of the Director Report.

19. SHARE CAPITAL

The Authorized share capital as on 31st March 2017 was Rs. 125000000/-and the issued subscribed and paid-Up Equity Share Capital as on 31st March2017 was Rs. 100003000/-. During the year under review the Company has not issuedshares with differential voting rights nor granted any stocks options or sweat equity. Ason 31st March 2017 none of the Directors of the Company holds instrumentconvertible into equity shares of the Company.

20. TRAINING

A number of in-house programmers were conducted at registered office during the yearunder review.

21. PARTICULARS OF CONTRACTS OR ARRANGMENTS WITH RELATED PARTIES

The Company has entered into any contracts or arrangements with Related Party asreferred to in Section 188 of the Companies Act 2013 for the period under review.

The Policy on materiality of related party transactions and dealing with related partytransactions as approved by the Board may be accessed on the Company's website at thelink: www.mymoneyviews.com.

Your Directors draw attention of the members to after the Notes i.e.to the note no. 25to the financial statement which sets out related party disclosures. (ANNEXURE-B)

22. PARTICULARS OF EMPLOYEES

None of the employees of the Company fall within the purview of the limits asprescribed under Rule 5 (2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014.

23. LISTING OF SHARES

The equity shares of the company are listed on BSE Ltd and BSE scrip code of thecompany is 538862. The company confirms that it paid the Annual Listing fee for theFinancial Year 2017-2018 to BSE where the company shares are listed.

24. DEMATERIALISATION OF SHARES:

The company has already commenced the process of dematerlisation of shares. Any memberwish to get his/her shares may get the shares dematerlisation.

25. CORPORATE GOVERNANCE:

As per the SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 aseparate Report on Corporate Governance practices followed by the Company together with aCertificate from the Company's Auditors confirming compliance forms an integral part ofthis Report.

Further as per the SEBI (Listing Obligations And Disclosure Requirements) Regulations2015 CEO/CFO Certification confirming the correctness of the financial statementsadequacy of the internal control measures and reporting of matters to the Audit Committeeforms an integral part of this Report.

26. TRANSFER TO GENERAL RESERVES

No amount has been transferred to the General Reserves of the company during the periodunder review.

27. INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has adequate system of internal control to safeguard and protect from lossunauthorized use or disposition of its assets commensurate with its size scale andcomplexities of its operations. The internal auditor of the company checks and verifiesthe internal control and monitors them in accordance with policy adopted by the company.

The Audit Committee of the Board of Directors actively reviews the adequacy andeffectiveness of the internal control systems and suggests improvements to strengthen thesame.

All the transactions are properly authorized recorded and reported to the Management.The Company is following all the applicable Accounting Standards for properly maintainingthe books of accounts and reporting financial statements.

28. NOMINATION AND REMUNERATION POLICY:

The Board has on the recommendation of the Nomination & Remuneration committeeframed a policy for selection and appointment of Directors Senior Management and theirremuneration. The Remuneration Policy is stated in the Corporate Governance Report.

29. RISK MANAGEMENT:

As per the Companies Act 2013 and as part of good corporate governance the Company hasconstituted the Risk Management Committee. The Committee is required to lay down theprocedures to inform to the Board about the risk assessment and minimization proceduresand the Board shall be responsible for framing implementing and monitoring the riskmanagement plan and policy for the Company.

The main objective of this policy is to ensure sustainable business growth withstability and to promote a pro-active approach in reporting evaluating and resolvingrisks associated with the business. In order to achieve the key objective the policyestablishes a structured and disciplined approach to Risk Management in order to guidedecisions on risk related issues.

The Committee reviewed the risk trend exposure and potential impact analysis carriedout by the management. It was specifically confirmed to the Committee by the MD & CEOand the CFO that the mitigation plans are finalized and up to date owners are identifiedand the progress of mitigation actions are monitored.

30. PERFORMANCE EVALUATION

Pursuant to the provisions of the Companies Act 2013 and the SEBI (Listing ObligationsAnd Disclosure Requirements) Regulations 2015 a separate exercise was carried out toevaluate the performance of individual Directors including the Chairman of the Board whowere evaluated on parameters such as level of engagement and contribution and independenceof judgment thereby safeguarding the interest of the Company. The performance evaluationof the Independent Directors was carried out by the entire Board. The performanceevaluation of the Chairman and the Non Independent Directors was carried out by theIndependent Directors. The board also carried out annual performance evaluation of theworking of its Audit Nomination and Remuneration as well as stakeholder relationshipcommittee. The Directors expressed their satisfaction with the evaluation process.

31. BOARD EVALUATION;

Pursuant to the provisions of the Act and the SEBI (Listing Obligations And DisclosureRequirements) Regulations 2015 the Board has carried out an annual evaluation of itsperformance the Directors individually as well as the evaluation of the working of itsAudit and Nomination & Remuneration Committees.

32. DETAILS OF REMUNERATION TO DIRECTORS & KMP

Particulars of employees

The information required under Section 197 of the Act read with rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are givenbelow:

a. The ratio of the remuneration of each director to the median remuneration of theemployees of the Company for the financial year:

S. Name of Non-executive Remuneration of Non- Ratio to median
No. directors Executive Directors (in Rs.) remuneration
1. Rajni Seth Nil N.A.
2. Rajnish Khanna Nil N.A.
3. Vineet Gupta Nil N.A.
S. Name of Executive Remuneration of Ratio to median
No. directors Executive Directors (in Rs.) remuneration
1 Sanjai Seth 1000000 2.56
2. Vikas Seth 640000 1.64

b. The percentage increase in remuneration of each director chief executive officerchief financial officer company secretary in the financial year:

S. Directors Chief Executive Officer Remuneration of % increase/(decrease)
No. Chief Financial Officer and Directors (in Rs.) in remuneration in
Company Secretary the financial year
1. Sanjai Seth-Whole Time Director 1000000 (6.37)
2. Vikas Seth-Managing Director 640000 14.70
3. Pawan Chawla-Chief Financial Officer 404200 (1.34)
4. Varun Kalra-Company Secretary 280000 17.50

c. The percentage increase in the median remuneration of employees in the financialyear: 10%

d. There were twelve permanent employees on the rolls of Company.

e. The explanation on the relationship between average increase in remuneration andCompany performance:

Not Applicable

f. Comparison of the remuneration of the key managerial personnel against theperformance of the Company:

Aggregate remuneration of key managerial personnel (KMP) in FY17 2324200
Revenue 8021464
Remuneration of KMPs (as % of revenue) 28.97
Profit before Tax (PBT) 644554
Remuneration of KMP (as % of PBT) 360.59

g. Variations in the market capitalisation of the Company price earnings ratio as atthe closing date of the current financial year and previous financial year:

Particulars March 31 2017 March 31 2016 % Change
Market Capitalisation 28.75 Crore 30 Crore (4.17)
Price Earnings Ratio 653 703 (7.11)

h. Percentage increase over decrease in the market quotations of the shares of theCompany in comparison to the rate at which the Company came out with the last closingprice of previous year.

Particulars March 31 2017 % Change
Market Price (BSE) 28.75 (5%)

i. Comparison of each remuneration of the key managerial personnel against theperformance of the Company:

Vikas Seth Sanjai Seth Pawan Chawla Varun Kalra
(Managing (Whole Time (CFO) (C.S.)
Director) Director)
Remuneration in FY17 640000 1000000 404200 280000
Revenue 8021464 8021464 8021464 8021464
Remuneration as % of Revenue 7.97 12.47 5.04 3.49
Profit before Tax (PBT) 644554 644554 644554 644554
Remuneration (as % of PBT) 99.29 155.15 62.71 43.44

j. The key parameters for any variable component of remuneration availed by thedirectors: Not Applicable

k. The ratio of the remuneration of the highest paid director to that of the employeeswho are not directors but receive remuneration in excess of the highest paid directorduring the year: None.

l. Affirmation that the remuneration is as per the remuneration policy of the Company:

The Company affirms remuneration is as per the remuneration policy of the Company.

m. The statement containing particulars of employees as required under Section197(12) of the Act read with Rule 5(2) of the Companies (Appointment and Remuneration ofManagerial Personnel) Rules 2014 is provided in a separate annexure forming part of thisreport. Further the report and the accounts are being sent to the members excluding theaforesaid annexure. In terms of Section 136 of the Act the said annexure is open forinspection at the Registered Office of the Company. Any shareholder interested inobtaining a copy of the same may write to the Company Secretary.

33. DISCLOSURES:

I. AUDIT COMMITTEE

The Audit Committee Comprises two Non- Executive Director and one Executive Directorall of Non-executive directors are Independent Director. Mr. Rajnish Khanna is theChairman of the Audit Committee and Mr. Vineet Gupta & Mr. Sanjai Seth are members ofthe committee. Mr. Rajnish Khanna is Chartered Accountant. The Members process adequateknowledge of Accounts Audit and Finance among others. The composition of the AuditCommittee meets the requirements as per the Section 177 of the Companies Act 2013 and theSEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.

There are no recommendations of the Audit Committee which have not been accepted by theBoard.

II. VIGIL MECHANISM / VIGIL MECHANISM POLICY

In order to ensure that the activities of the Company and its employees are conductedin a fair and transparent manner by adoption of highest standards of professionalismhonesty integrity and ethical behavior of the company has adopted a vigil mechanismpolicy.

III. PARTICULARS OF LOANS GUARANTEE OR INVESTMENTS UNDER SECTION 186:

The Company has not given any Loan given any guarantee or provided security inconnection with a Loan to any other body corporate or person and has not acquired by wayof subscription purchase or otherwise the securities of any other body corporate.

IV. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant material orders passed by the Regulators / Courts which wouldimpact the going concern status of the Company and its future operations.

V. CONSERVATION OF ENERGY AND TECHNOLOGY ABSORPOTION

The Provisions of Section 134(3)(m) of the Companies Act 2013 read with Rule 8 ofCompanies (Accounts) Rules 2014 regarding Conservation of Energy and TechnologyAbsorption do not apply as operations of your Company are not energy - intensive for theperiod under review. However Adequate measures have been taken to reduce energyconsumption by using energy-efficient equipment incorporating the latest technology.

VI. MATERIAL CHANGES AND COMMITMENTS

There is no material change which may affect the financial position of the Companybetween the financial year and up to the date of this report.

VII. EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of Annual Return in Form MGT-9 as requiredunder Section 92 and 134 (3) of the Companies Act 2013 read with rules made thereunderforms an integral part of this Report as "(ANNEXURE C)".

VIII. FOREIGN EXCHANGE EARNINGS AND OUTGO:

Foreign Exchange Earning: Rs. NIL (Previous Year Rs. NIL )

Foreign Exchange Outgo: Rs. NIL (Previous Year Rs. NIL )

IX. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORK PLACE (PREVENTIONPROHIBITION

AND REDRESSAL) ACT 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirementsof the Sexual Harassment of Women at Workplace (Prevention Prohibition and Redressal)Act 2013. An Internal Complaints Committee (ICC) has been set up to redress complaintsreceived regarding sexual harassment. All employees (permanent contractual temporarytrainees) are covered under this policy.

No complaints pertaining to sexual harassment were received during FY 2016-17.

34. ACKNOWLEDGEMENTS

The Board expresses its sincere gratitude to the shareholders bankers and clients fortheir continued support. The Board also wholeheartedly acknowledges with thanks thededicated efforts of all the staff and employees of the Company.

For and on behalf of the Board

My Money Securities Limited

Sd/- Sd/-
Sanjai Seth Vikas Seth
Whole Time Director Managing Director
DIN: 00350518 DIN: 00383194
Place : Delhi ADD: 10-A Under Hill Lane ADD: 10-A Under Hill Lane
Dated : 14/08/2017 Civil Lines Delhi-110 054 Civil Lines Delhi-110 054