IX. Other financial assets — THE COMPANIES ACT, 2013

3 [IX. Other financial assets (i) Security Deposits (ii) Bank deposits with more than 12 months maturity (iii) others (to be specified)] Other non -current assets: Other non -current assets shall be classified as - (i) Capital Advances; and (ii) Advances other than capital advances; Advances other than capital advances shall be classified as: (a) Security Deposits; (b) Advances to related parties (giving details thereof); and (c) Other advances (specify nature). (2) Advances to directors or other officers of the company or any of them either severally or jointly with any other persons or advances to firms or private companies respectively in which any director is a partner or a director or a member should be separately stated. In case advances are of the nature of a financial asset as per relevant Ind AS, these are to be disclosed under 'other financial assets' separately.

Section 3