SRS Limited (RHP) - Karvy

SRS LimitedS.No.Extension, Badarpur,New Delhi4 License for sale/purchase/ storage/processing ofagricultural produceat SRS Value Bazar,D-78, Main Market,Malviya Nagar, NewDelhi5 License for sale/purchase/ storage/processing ofagricultural produceat SRS Value Bazaar- Celebration Mall,Atrium GroundFloor, Batala Road,Amritsar, PunjabPending license Current Status Possible Legal Implication6 Fire NOC for SRSValue Bazar (FashionWear), Shop No. 28& 29, G.F., CrownInterior Mall, Sector35, Faridabad,HaryanaD. JewelleryApplication for licensemade on April 27,2010.Yet to applyJuly 20, 2011.The Delhi Agricultural Produce Marketing(Regulation) General Rules, 2000 providesthat failure to obtain the said license mayattract a penalty of upto five thousand rupees.The Punjab Agricultural Produce Markets Act,1961 provides that failure to obtain the saidlicense may be punishable with imprisonmentfor a term which may extend to one month orwith fine which shall not be less than fiftyrupees, but may extend to five hundredrupees, or with both; and in the case of acontinuing contravention, with a further finewhich may extend to thirty rupees for everyday after the date of the first conviction duringwhich the contravention is continued.Failure to obtain the said approval may attractpenalty from the fire department.S. Pending license Current Status Possible Legal ImplicationNo.1 BIS certification Marksfor SRS Jewells locatedExpired on July 22, 2011.Applied for renewal onFailure to obtain the said approval willresult in Company, not being able to useat SRS Multiplex, June 3, 2011.the certification mark for selling its ownSector 12, Faridabad,manufactured jewellery in this outlet.HaryanaApproval pending.E. OthersS. Pending license Current Status Possible Legal ImplicationNo.1 No Objection Letter for Application for NOC Failure to obtain the said approval mayFire Safety for made on May 30, 2011. attract penalty from the fire department.Company’s officelocated at E-18, Nehru Approval pending.Ground, NIT,Faridabad, HaryanaThe Company’s failure to receive the approvals within the time frames anticipated or at all couldresult in interruption of its operations and may have an adverse material effect on its business andfinancial position.xviii