TCI Finance Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
The Auditors invite attention to the residual fixed deposits of Rs 0.32 lakhs of the Company, matured and remaining unclaimed, being in excess of the limits stipulated in the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998. The Company has deposited the unclaimed amount in an Escrow Account with a Nationalised Bank.
The Auditors invite attention to the residual fixed deposits of Rs 0.32 lakhs of the Company, matured and remaining unclaimed, being in excess of the limits stipulated in the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998. The Company has deposited the unclaimed amount in an Escrow Account with a Nationalised Bank.
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