XML 24 R14.htm IDEA: XBRL DOCUMENT v3.24.0.1
AMOUNTS DUE FROM/TO RELATED PARTIES
9 Months Ended
Dec. 31, 2023
Amounts Due Fromto Related Parties  
AMOUNTS DUE FROM/TO RELATED PARTIES

NOTE – 8 AMOUNTS DUE FROM/TO RELATED PARTIES

 

The amount due to shareholders was $12,514 and $12,454, as of December 31, 2023 and March 31, 2023, respectively and represented temporary advances for working capital purpose, which were unsecured, interest-free and are repayable on demand.

 

The amount due to companies controlled by a shareholder was $2,050,260 and $1,836,158, as of December 31, 2023 and March 31, 2023, respectively and represented temporary advances for working capital purpose, which were unsecured, interest-free and are repayable on demand.

 

A further amount due to a company controlled by a shareholder of $34,331 and $0, as of December 31, 2023 and March 31, 2023, respectively, represented technical consultancy fees payable. which is subject to the normal trade terms.

 

The amount due from a company controlled by a shareholder represented temporary advances to the related party for research and development conducted. The amount due from a related party was $12,185 and $0, as of December 31, 2023 and March 31, 2023, respectively. The amount is unsecured, interest-free and recoverable on demand.