prudence and simplicity - kmil

ANNUAL REPORT2012-13

Prudenceand Simplicity

Kotak Mahindra Investments Limited

1AnnuAl RepoRt 2012-13

2 KotAK MAHInDRA InVeStMentS lIMIteD


COMPLIANCE CERTIFICATE

Company Identification Number: U65900MH1988PLC047986.Nominal Capital: 70,00,00,000/-.

To,The Members,KOTAK MAHINDRA INVESTMENTS LIMITED,36-38A, Nariman Bhavan,227, Nariman Point,Mumbai- 400 021.

I have examined the registers, records, books and papers of KOTAK MAHINDRA INVESTMENTS LIMITED (hereinafter referred to as ‘the Company’) as required to be maintained under the Companies Act, 1956 (hereinafter referred to as ‘the Act’) and the rules made there under and also the provisions contained in the Memorandum and Articles of Association of the Company for the financial year ended on 31st March, 2013. In my opinion and to the best of my information and according to the examinations carried out by me and explanations furnished to me by the Company, its officers and agents, I certify that in respect of the aforesaid financial year:

1. The company has kept and maintained all registers as stated in Annexure 'A' to this certificate, as per the provisions of the Act and the rules made there under and all entries therein have been duly recorded.

2. The Company has duly filed all the forms and returns as stated in Annexure 'B' to this certificate, with the Registrar of Companies, Regional Director, Central Government, Company Law Board or other authorities within the time prescribed under the Act, and the rules made there under.

3. The Company, being a public limited company, has the prescribed minimum paid up capital.

4. The Board of Directors duly met 17 (Seventeen) times respectively on 10th April 2012, 25th April 2012, 9th May 2012, 13th June 2012, 29th

June 2012, 18th July 2012, 3rd August 2012, 31st August 2012, 5th

September 2012, 20th September 2012, 23rd October 2012, 6th

November 2012, 28th December 2012, 19th January 2013, 25th

February 2013, 14th March 2013 and 28th March 2012 in respect of which meetings proper notices were given and the proceedings were properly recorded and signed including the circular resolutions passed in the Minutes Book maintained for the purpose.

5. The Company was not required to close its Register of Members or Debenture holders during the financial year.

6. The annual general meeting for the financial year ended on 31st

March, 2012 was held on 30th May, 2012 after giving due notice to the members of the company and other concerned and the resolutions passed thereat were duly recorded in Minutes Book maintained for the purpose.


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7. Two extra ordinary general meetings were held during the financial year on 28th June 2012 and 5th September 2012 at short notice, with the consent of the requisite number of members of the company and the resolutions passed thereat were duly recorded in the Minutes Book maintained for the purpose.

8. The Company has not advanced any loan to its directors and/or persons or firms or companies referred in the section 295 of the Act.

9. The Company has not entered into any contracts falling within the purview section 297 of the Act during the year.

10. The Company was not required to make any entries in the register maintained under section 301 of the Act.

11. As there were no instances falling within the purview of section 314 of the Act, the company has not obtained any approvals from the Board of directors, members or Central Government.

12. The company has not issued any duplicate share certificates during the financial year.

13. (i) The Company has allotted Secured Redeemable Non Convertible Debentures and Secured Deep Discount Non Convertible Debentures during the year, there was no need to issue any certificates as they were issued under Dematerialised form. There was no allotment/ transfer/transmission of any other securities during the financial year.

(ii) The Company has not deposited any amount in a separate Bank

Account as no dividend was declared during the financial year.

(iii) The Company has not posted warrants to any member of the company as no dividend was declared during the financial year.

(iv) The Company was not required to transfer any amount to Investor Education and Protection Fund, since there were no amounts in unpaid dividend account and there was no application money due for refund, matured deposits, matured debentures and the interest accrued thereon which have remained unclaimed or unpaid for a period of seven years.

(v) The Company has duly complied with the requirements of section 217 of the Act.

14. The Board of directors of the company is duly constituted and appointment of an additional director was duly made. There was no appointment of alternate directors and directors to fill casual vacancy during the financial year.

15. The appointment of Manager has been made in compliance with the provisions of the Act. The company had not appointed any Managing Director/Whole time Director during the financial year.

16. The Company has not appointed any sole selling agents during the financial year.


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17. The Company was not required to obtain any approvals of the Central Government, Company Law Board, Regional Director, Registrar and/or such authorities prescribed under the various provisions of the Act during the financial year.

18. The directors have disclosed their interest in other firms/companies to the Board of Directors pursuant to the provisions of the Act and the rules made there under.

19. The Company has issued 710 Secured Redeemable Non Convertible Debentures of Rs.10,00,000/- each and 104 Secured Deep Discount Non-Convertible Debentures of Rs.10,00,000/- each during the year and complied with the provisions of the act. The company has not issued shares or any other securities during the financial year.

20. The Company has not bought back any shares during the financial year.

21. The Company has redeemed 920 Secured Redeemable Non-Convertible Debentures of Rs. 10,00,000/- each during the financial year and complied with the provisions of the Act. There was no redemption of preference shares during the financial year.

22. There were no transactions necessitating the company to keep in abeyance rights to dividend, right shares and bonus shares pending registration of transfer of shares.

23. The Company has not invited/accepted or renewed any depositsincluding any unsecured loans falling within the purview of section 58A during the financial year.

24. The amounts borrowed by the Company from others during the financial year ending 31st March, 2013 are within the borrowing limits of the Company and that necessary resolutions as per section 293(1)(d) of the Act have been passed in duly convened extraordinary general meeting held on 18th July, 2005.

25. The Company has made loans and investments to other bodies corporate in compliance with the provisions of the Act. It has not given any guarantees or provided securities to other bodies corporate. According to the information and explanation provided to us, the Company is not required to maintain a register u/s 372A of the Companies Act, 1956 as it is engaged in the business of investment and the provisions of Section 372A of the Act are not applicable to the Company.

26. The Company has not altered the provisions of the Memorandum with respect to situation of the company's registered office from one state to another during the year under scrutiny.

27. The Company has not altered the provisions of the Memorandum with respect to the objects of the company during the year under scrutiny.

28. The Company has not altered the provisions of the Memorandum with respect to name of the company during the year under scrutiny.

29. The Company has not altered the provisions of the Memorandum with respect to share capital of the company during the year under scrutiny.


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30. The Company has not altered its Articles of Association during the financial year.

31. As per the information and explanations given by officers of the Company, there was no prosecution initiated against or show cause notices received by the company and no fines or penalties or any other punishment was imposed on the company during the financial year for offences under the Act.

32. The Company has not received any money as security from its employees during the financial year.

33. As per the information and explanations given by officers of the Company, the company has deposited both employee’s and employer’s contributionto Provident Fund with prescribed authorities pursuant to section 418 of the Act.

Sd/-

RUPAL D. JHAVERICompany SecretaryFCS:5441 CP:4225

Place: Mumbai.Dated: 23rd April, 2013


ANNEXURE A

REGISTERS AS MAINTAINED BY THE COMPANY:

STATUTORY REGISTERS:

1. Register of Members u/s 150.2. Register of debenture holders u/s 152.3. Register of Directors u/s 303.4. Register of Directors Shareholding u/s 307.5. Minutes Book of meetings of the Board of Directors u/s 193.6. Minutes Book of General Meetings of the members u/s 193.7. Books of Accounts u/s 209.8. Register of Particulars of Contracts in which Directors are interested u/s 301.

OTHER REGISTERS1. Register of Transfers.


ANNEXURE B

Forms and Returns as filed by the Company with Registrar of Companies, Regional Director, Central Government or other authorities during/for the financial year ending 31st March, 2013.

Sr. Form No/ Filed For Date of Whether If delayNo. Return under filing filed within in filing

Section prescribed whethertime requisiteYes/No. additional

fee paid

1. Annual Return 159(1) 2011-2012 12/07/12 Yes N.A.with Form 20B

2. Balance Sheet 220 2011-2012 25/10/12 Yes N.A. with Form 23AC

& 23ACA

3. Compliance 383A 2011-2012 15/06/12 Yes N.A Certificate With Form 66

4. Form 25C 269 Appointment 16/08/12 Yes N.AOf Manager

5. Form 32 303(2) Appointment/ 20/09/12 Yes N.ACessation ofManager & AppointmentOf AdditionalDirector

6. Form 25C 269 Appointment 08/10/12 Yes N.AOf Manager

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