81 Annual Report 2019-2020

81 st ANNUAL REPORT 2019-2020 MEMBERS OF THE

EXECUTIVE COMMITTEE OF IMPPA

2019 - 2020

PRIME CLASS

1. Shri T.P. Aggarwal : President, IMPPA 2. Shri Haresh Patel : Vice President, IMPPA 3. Shri Surendra Verma Alias Tinu Verma : Vice President, IMPPA 4. Shri Satish Shivappa Poojary : Hon. Treasurer, IMPPA 5. Shri Jai Prakash Shaw : Hon. Treasurer, FMC 6. Ms. Aarti Patel 7. Shri Abhay Kumar Sinha 8. Shri Atul P. Patel 9. Shri Pradeep Singh 10. Shri Nishant Ujjwal (Co-opted on 3-5-2020 under Article 28)

ASSOCIATE CLASS - I

11. Shri Mehul Kumar : Sr. Vice President, IMPPA (resigned on 4-11-2019) 12. Shri Mahendra Dhariwal : Joint Secretary, IMPPA 13. Ms. Sushama Shiromanee : Hon. Gen. Secretary, FMC 14. Shri Rakesh Nath ‘Rikku’ 15. Shri Ashoke Pandit 16. Shri Darshan Bagga (Co-opted on 3-5-2020 under Article 28)

T.V. PROGRAMME PRODUCERS

17. Shri Babu Bhai Thiba 18. Shri Manish Jain

AUDITOR

M/s S.G. Kabra & Co., Chartered Accountants HON. PRESIDENT’SPRESIDENT’S MESSAGE MESSAGE

Dear Members,

I am very pleased to inform all esteemed IMPPA members that with their co-operation and support my team of Office Bearers and Executive Committee members have been able to ensure that IMPPA besides Dear Members, being the largest and oldest association of film producers in India is amongst the most respected associations whose members can rely onI amIMPPA very pleased whenever to inform they all esteemed are in anyIMPPA kind members of difficulty that with their or co-operationneed any andhelp support for my team of Office Bearers and Executive Committee members have been able to achieve remarkable solving any dispute besides promptresults and in all efficient areas in our tenureservice from in 2015-2018 terms andof todaygrant IMPPA of besidesMembership, being the largest registration and oldest of Titles and also for the 1st timeassociation provision of film of producersrelief to in allIndia needy is amongst members the most atrespected the time associations of severe whose financialmembers can rely on IMPPA whenever they are in any kind of difficulty or need any help for solving any dispute crisis due to Covid 19 virus. besides prompt and efficient service in terms of grant of Membership as also registration of Title.

I am proud to say that during the period under review we have been able to achieve many things which I am proud to say that during theare pastdetailed year in the despite enclosed Annualthe massive Report but disruption some of which caused I would like by to Lockdown mention which dueinclude to a) Covid 19 virus, besides regular installationwork we of have software been for sending able messagesto do relatedlot of to Membershipwork for &the Title benefit to all members; of IMPPAb) updated IMPPA website for making forms & procedures available for members; c) started online payment & card members some of which I wouldswipe like machine to mention (credit & debit); which d) started include; new office (a) Duringof IMPPA in the Ahmadabad period for 2019-2020 providing services we to have granted 854 normal membershipmembers; and e) started 144 IMPPAlife membership Digital YouTube aschannel well for as members; registered f) started approx. luxurious 12360 Home Theatre;titles belonging to the members of IMPPA;g) accidental (b) insurance IMPPA policy Welfare for members; Trust h) insuranceis providing for office financial premises; i) implementedhelp to all Freemem Trade- for employment; j) filed cases against FWICE in Competition Commission of India, Bombay City Civil bers and has also provided emergencyCourt and relief Bombay up High to Court; Rs 9000/- k) appointed each Shri inAshok three Saraogi installments for providing freeto alllegal genuinely assistance; l) needy members during the Lockdownsettled and due passed to AwardsCovid in 19 many virus dispute from matters; the m) IMPPA the only associationWelfare whoTrust has inits 2addition self owned office premises in Mumbai i.e. in Bandra & Andheri. to which Rs 11 lakhs were donated to FWICE for providing relief to the members of their affiliates; (c) IMPPA has provided emergencyBesides medical the above aid I,directly am very proudin name to declare of that the the hospital financial positionto all membersof the association who is veryhave good after clearing all banks loans, Service Tax payments, starting of Home Theatre without any loan and we approached it in times of medicalhave emergency; made many Fixed (d) Deposit IMPPA for IMPPA has Welfarerenewed Trust the for whichAccidental I am very insurancegrateful to all mypolicy fellow which now covers each and everyOffice member Bearers ofand IMPPAExecutive Committeewho are membersall now as eligiblewell as all formembers making at large claimsbecause withoutin case their whole hearted support and co-operation the above would not have been possible. The future is really of accidents; (e) IMPPA has obtainedbright for favourablethe entertainment order industry from and I andthe my Bombay entire team High look forward Court to servingin the the matter interest of of our CBFC circular making separate censormembers certificatein future also. mandatory for Sub-titles in every language which order now has been nullified; (f) IMPPA has got the Maharashtra Government order banning persons above the age of 65 years from working(T.P. on Aggarwal) sets in the entertainment industry quashed & nullified by the Bom- President bay High Court providing relief to all Senior Citizens; (g) IMPPA has seriously taken up with FWICE the matter regarding their falsely claiming to have 5 lakh members & 32 affiliates whereas IMPPA has proved to them that they have less than 50,000 members & 20 affiliates and they have unilaterally created the new affiliates which are not acceptable to IMPPA and other producers association and FWICE has 1 been asked to disaffiliate these unauthorized affiliates; (h) IMPPA is the only association which has 2 self owned office premises in Mumbai i.e. in Bandra & Andheri; (i) IMPPA is the only association which has its own Home Theatre for screening films of its members at minimum rates.

Besides the above I, am very proud to declare that the financial position of the association is very good and we are now planning to purchase new property which will result in regular income to enable us to give more benefits to our members. I am very grateful to all my fellow Office Bearers and Executive Commit- tee members as well as all members at large and staff because without their whole hearted support and co-operation the above would not have been possible. The future is really bright for the entertainment industry and I and my entire team look forward to serving the interest of our members in future also.

(T.P. Aggarwal) Hon. President

1 Indian Motion Picture Producers’Association G-1 to G-7. Crescent Tower, Near Morya House, Opp. VIP Plaza,Off Link Road, Andheri (West), Mumbai – 400 053.

EIGHTY FIRST ANNUAL REPORT FOR THE YEAR 2019-2020

Friends,

Your Committee has pleasure in presenting this 81stAnnual Report of Indian Motion Picture Producers’ Association (IMPPA) along with the Audited Balance Sheet and Statement of Accounts for the year ended 31st March 2020. Subjects dealt with by the Committee being of varied and important nature, have been grouped under different heads.

EIGHTIETH ANNUAL GENERAL MEETING

The 80th Annual General Meeting of the Association was held on Saturday, the 28th September 2019 at 11:00 a.m. at Raheja Classique Club, Behind Infinity Mall, Link Road, Andheri (W), Mumbai – 400 053. The following members continue to be members of the Executive Committee for the year 2018-2021.

PRIME MEMBERS

1. Shri T.P. Aggarwal 2. Miss Aarti Patel 3. Shri Jai Prakash Shaw 4. Shri Satish Shivappa Poojary 5. Shri Abhay Kumar Sinha 6. Shri Haresh G. Patel 7. Shri Atul P. Patel 8. Shri Pradeep Singh 9. Shri Surendra Verma alias TinuVerma 10. Miss J. Neelam (suspended from EC in 2nd EC meeting) 11. Shri Manoj Chaturvedi (suspended from EC in 2nd EC meeting) 12. Shri Raju Bhatt (suspended from EC in 2nd EC meeting) 13. Shri Anil Naryani (suspended from EC in 2nd EC meeting) 14. Miss Sapna Goyal (suspended from EC in 2nd EC meeting) 15. Shri Vijay Kumar Yadav (suspended from EC in 2nd EC meeting)

ASSOCIATE CLASS-I MEMBERS

1. Shri Rakesh Nath ‘Rikku’ 2. Shri Mahendra Dhariwal 3. Miss Sushama Shiromanee 4. Shri Ashoke Pandit 5. Shri Mehul Kumar (resigned on 4-11-19)

T. V. PROGRAMME PRODUCERS

1. Shri Babubhai Thiba 2. Shri Manish Jain

2 The Executive Committee in its meeting held on 28th September 2019, elected Shri T.P. Aggarwal - President, Shri Mehul Kumar - Sr. Vice President (resigned on 4-11-2019), Shri Haresh Patel - Vice President, Shri Surendra Verma alias Tinu Verma - Vice President, Shri Satish Shivappa Poojary - Hon. Treasurer, Ms. J. Neelam - Hon. Gen. Secretary (suspended from EC in 2nd EC meeting on 2-1-2020) & Shri Mahendra Dhariwal - Joint Secretary as Office Bearers for the year 2018-2021. The Executive Committee decided to Co-opt. Shri Nishant Ujjwal and Shri Darshan Bagga (Co-opted on 3rd May 2020 under Article 28).

The Executive Committee in its 2nd EC meeting dt. 2-1-2020 by majority decided to suspend Mr. Manoj Chaturvedi, Mr. Raju Bhatt, Mr. Anil Naryani, Mr. Vijay Kumar Yadav, Ms. J. Neelam and Ms. Sapna Goyal from the Executive Committee on the basis of electoral fraud & cheating with IMPPA by submitting Censor Certificate of films for being eligible to contest in Prime category without having produced the said film for proof of production of which they were repeatedly asked to submit documents & evidence that they had indeed produced the film on the basis of which they were claiming to be eligible to stand in Prime category. Instead of producing the evidence which was in their own possession the concerned committee members did not even bother to present the evidence before the Enquiry Officer appointed by IMPPA for conducting the said enquiry & instead moved the City Civil Court against the action of IMPPA appointing Enquiry Officer & asking court to stay the enquiry but no relief was granted by the City Civil Court. The Enquiry Officer conducted full enquiry & submitted specific report that the said committee members Mr. Manoj Chaturvedi, Mr. Raju Bhatt, Mr. Anil Naryani, Mr. Vijay Kumar Yadav, Ms. J. Neelam and Ms. Sapna Goyal had indeed not produced the film claimed by them & were thus not eligible to continue as Executive Committee member elected from Prime Category. The concerned members moved Bombay High Court & National Company Law Tribunal against order of the City Civil Court but did not get any relief from anywhere & were therefore suspended from the Executive Committee for committing electoral fraud & cheating with IMPPA and subsequently the Executive Committee unanimously resolved that Mr. Manoj Chaturvedi, Mr. Raju Bhatt, Mr. Anil Naryani, Mr. Vijay Kumar Yadav, Ms. J. Neelam and Ms. Sapna Goyal will not be eligible to contest any future election under any banner because of act of electoral fraud & cheating till the courts of law take a final decision in the matter.

During the tenure 2019-2020 – 13 (Thirteen) meetings of the Executive Committee were held till 31st August 2020. The Statement of attendance in these meetings of the Executive Committee of our Association is as follows:-

Name of the Executive No of Meetings Committee Members attended. ------1. Shri T.P. Aggarwal 13 2. Shri Haresh G. Patel 12 3. Shri Surendra Verma alias TinuVerma 10 4. Shri Satish Shivappa Poojary 12 5. Shri MahendraDhariwal 06 6. Ms SushamaShiromanee 13 7. Shri Jai Prakash Shaw 13 8. Shri BabubhaiThiba 13 9. Shri Rakesh Nath ‘Rikku’ 10 10. Ms Aarti Patel 11 11. Shri Abhay Kumar Sinha 12 12. Shri Ashoke Pandit 07 13. Shri Manish Jain 12

3 14. Shri Atul P. Patel 11 15. Shri Pradeep Singh 09 16. Shri Nishant Ujjwal - (Co-opted on 3rd May 2020 under Article 28) 03 17. Shri Darshan Bagga - (Co-opted on 3rd May 2020 under Article 28) 04

INTRODUCTION

We are proud to declare that IMPPA has a totally selfless dedicated, committed and dynamic team at the helm of affairs of IMPPA, which for the present term is consisting of Shri T.P. Aggarwal – President & Chairman of FMC, Shri Haresh Patel - Vice President, Surendra Verma alias TinuVerma - Vice President, Shri Satish Shivappa Poojary - Hon. Treasurer & Shri Mahendra Dhariwal - Joint Secretary, Sushama Shiromanee (Hon. Gen. Secretary, FMC), Jai Prakash Shaw (Hon. Treasurer, FMC), along with Hon’ble Executive Committee members Rakesh Nath ‘Rikku’, Babubhai Thiba, Abhay Kumar Sinha, Aarti Patel, Ashoke Pandit, Manish Jain, Atul Patel, Pradeep Singh, Nishant Ujjwal & Darshan Bagga (Co-opted on 3rd May 2020 under Article 28) who all collectively fulfilled the requirements of members by rising to the occasion whenever needed.

IMPPA is the only association amongst all producers associations in Mumbai which has 2 office premises in Bandra (W) & Andheri (W) where it is having its own Home Theatre for screening films of its members at minimum rates in its Sophisticated Corporate office in Andheri (W) which is the heart of the Indian Entertainment Industry.

Subsequently, in order to facilitate and streamline the functioning of the Association efficiently and effectively, following Sub-Committees were formed to take care of various activities of the Association as follows:-

VARIOUS SUB-COMMITTEES

I. Sub-Committee of Office Administration, Maintenance & Purchase

Shri T.P. Aggarwal - Convenor Shri Ashoke Pandit Ms. Sushama Shiromanee Shri Jai Prakash Shaw Shri Babubhai Thiba Shri Rakesh Nath ‘Rikku’ Shri Abhay Kumar Sinha Ms. Aarti Patel Shri Manish Jain Shri Atul P. Patel Shri Pradeep Singh Shri Haresh G. Patel (Ex-Officio) Shri Surendra Verma alias Tinu Verma ( ‘’ ) Shri Satish Poojary ( ‘’ ) Shri Mahendra Dhariwal ( ‘’ )

II. Sub-Committee for Membership Scrutiny & Guidance

Shri T.P. Aggarwal - Convenor Shri Ashoke Pandit

4 Shri Babubhai Thiba Ms. Sushama Shiromanee Shri Jai Prakash Shaw Shri Abhay Kumar Sinha Ms. Aarti Patel Shri Rakesh Nath ‘Rikku’ Shri Manish Jain Shri Atul P. Patel Shri Pradeep Singh Shri Haresh G. Patel (Ex-Officio) Shri Surendra Verma alias Tinu Verma ( ‘’ ) Shri Satish Poojary ( ‘’ ) Shri Mahendra Dhariwal ( ‘’ )

III. Sub-Committee of Arbitration Tribunal Committee

Shri T.P. Aggarwal - Convenor Shri Haresh Patel Shri Surendra Verma alias Tinu Verma Shri Satish Poojary Ms. Sushama Shiromanee Shri Mahendra Dhariwal Shri Jai Prakash Shaw Shri Babubhai Thiba Shri Rakesh Nath ‘Rikku’ Shri Abhay Kumar Sinha Shri Manish Jain

IV. Trustees of IMPPA Welfare Trust

Shri T. P. Aggarwal - Managing Trustee Shri Haresh Patel Shri Surendra Verma alias Tinu Verma Shri Satish Poojary Shri Mahendra Dhariwal Ms Sushama Shiromanee Shri Jai Prakash Shaw Shri Abhay Kumar Sinha Shri Ashoke Pandit Shri Manish Jain

V. Emergency Medical Aid Committee

Shri T.P. Aggarwal Shri Haresh G. Patel Shri Surendra Verma alias Tinu Verma Shri Satish Poojary Shri Mahendra Dhariwal Ms. Sushama Shiromanee

5 Shri Jai Prakash Shaw Shri Babubhai Thiba Shri Rakesh Nath ‘Rikku’ Shri Abhay Kumar Sinha Ms. Aarti Patel Shri Ashoke Pandit Shri Manish Jain Shri Atul P. Patel Shri Pradeep Singh

IMPPA NOMINEES FOR FFI

Shri T.P. Aggarwal Shri Haresh Patel Shri Surendra Verma alias Tinu Verma Shri Abhay Kumar Sinha Shri Manish Jain

FMC NOMINEES FOR FFI

Ms. Sushama Shiromanee

IMPPA NOMINEES FOR CHAMPP

Shri T.P. Aggarwal (Chairman)

IMPPA NOMINEES FOR FMC

Shri T.P. Aggarwal (Chairman) Ms. Sushama Shiromanee (Hon. Gen. Secretary) Shri Jai Prakash Shaw (Hon. Treasurer)

IMPPA NOMINEES FOR FMC TITLE COMMITTEE

Shri T.P. Aggarwal (Chairman) Ms. Sushama Shiromanee (Hon. Gen. Secretary) Shri Jai Prakash Shaw (Hon. Treasurer) Shri Haresh Patel Shri Surendra Verma alias Tinu Verma Shri Satish Shivappa Poojary Shri Mahendra Dhariwal Shri Babubhai Thiba Shri Rakesh Nath ‘Rikku’ Shri Abhay Kumar Sinha Ms. Aarti Patel Shri Atul Patel Shri Ashoke Pandit Shri Pradeep Singh Shri Manish Jain

6 VARIOUS OTHER ACTIVITIES DURING THE YEAR

Achievements of the Executive Committee for the year 2019-2020

1. This period has been one of significant success for IMPPA in the Bombay High Court as we have won the case filed by us against CBFC challenging the notice issued by CBFC Chairman making it mandatory to obtain separate certificate for Sub-titles in all languages for new & already certified films which would have resulted in heavy complications, cost increase & harassment for the producers & we are happy to declare that the said circular of CBFC-Chairman has been dismissed by the High Court thereby saving & protecting our members to a large extent thanks to our Legal Consultant Advocate Ashok M. Saraogi.

2. Another very big success achieved by IMPPA in Bombay High Court is to get the order of Maharash- tra Government banning the persons above 65 years age from working and coming on sets quashed and set aside by Hon. Bombay High Court on the appeal by IMPPA where once again our Legal Consultant Advocate Ashok M. Saraogi deserves kudos & appreciation of all senior citizens for whom IMPPA has made life easier.

3. IMPPA was also successful in City Civil Court; Bombay High Court as well as National Company Law Tribunal where also Advocate Ashok M. Saraogi successfully defended IMPPA against the cases filed by suspended Executive Committee members making baseless allegations against IMPPA & till date their cases remains pending and no order has been passed against IMPPA in any of the cases.

4. The committee is also proud to declare that in spite of total curfew & lock down imposed by the Government of India & Maharashtra due to Covid 19 virus the committee has been able to keep the show going for which the committee is very grateful to concerned staff members who have worked very hard in these difficult & trying times due to whose efforts the committee was able to extend financial help to our members from IMPPA Welfare Trust in the month of May & June 2020 as number of our members were undergoing massive financial difficulties & though at first committee decided to distribute ration to all such needy members it was subsequently decided that distributing ration was not practically and logistically possible & hence it was decided to directly deposit relief of Rs. 3,000/- each directly into the account of needy members who filled Google forms for this purpose. Though it was initially only for the month of May 20 subsequently considering that there were members who were not able to pay subscription for many years but were really needy & in bad shape the forms were circulated again in the month of June & July 20 and the relief of up to Rs. 9,000/- in three installments was directly deposited again in the account of those who applied & the committee considers it a proud privilege to be able to help its members who were in need due to the unprecedented financial crisis caused by Covid 19 virus. To help film artists, technicians and workers, IMPPA also donated Rs 11 lakhs to FWICE for distribution to needy members of their affiliates.

5. The committee is pleased to inform that we have renewed the Group Personal Accidental Policy of Rs. 1 lakh each for all the members of IMPPA who will now be eligible for making claims in case of accidents.

6. During the period under review the committee was surprised to note that FWICE which had only 20 affiliates in 2018 had suddenly without approval of any producers association increased the number to 32 affiliates even though number of affiliates had disaffiliated themselves like CINTAA, IFTDA, SWA, IFTCA and many others but duplicate unions were made in their place & new affiliates were created without any information & behind the back of producers body which was objected to by us & though they have agreed that they have indeed made these additional affiliates but they have not taken any action to rectify the matter for which our committee has decided to take further action.

7 Home Theatre

IMPPA is successfully running for the benefit of its members a Luxurious well equipped Home Theatre in its office premises which contains the following:- 37 Luxurious push back seats, Silver Screen 16x8, Dolby Atmos 11.2 system, Modern Digital Cinema powered by Qube and supports the following formats MOV (MP4), Blue Ray, Hard Disc, Hard Drive, Pen Drive, DCP 1080 (EMPG 2) and DVD. IMPPA has kept very reasonable rates for its member’s i.e. Rs. 6,500/- + Service tax for 2 ½ film, for 3 hour film Rs. 9,000/- + Service tax and for films of shorter length charges will be Rs. 3,000/- + Service Tax per hour. Members can also book the Home Theatre for Press Conference, Music release, Trailer release or any other function at the above mentioned rates. The Home Theatre is also available for screening films of Non Members at Rs. 10,000/- + Service tax for 2 ½ film and for 3 hour film Rs. 13,000/- + Service tax.

Financial Position

The Financial status of the Association continues to be robust. The Committee has taken all steps for minimizing the expenses and maximizing the revenue. As a result of the Committees’ initiatives for the growth of revenues the financial position of the Association is very comfortable.

IMPPA Bandra office on lease

It is a matter of pride that IMPPA is the only producer’s association in Mumbai to have 2 self owned office premises in Mumbai and since our Andheri (West) office is more than sufficient for our working requirements our Bandra office premises known as IMPPA House at Dr. Ambedkar Road, Near Pali Naka, Bandra (W), Mumbai – 400 050 has been given on lease to our member Mr. R. Balki of M/s Hope Production renowned film maker who has fully renovated and rejuvenated the entire premises and are operating from there.

Central Board of Film Certification

Central Board of Film Certification had fixed a meeting on 6th August 2020 with Mr. Ravinder Bharkar CEO CBFC & Mr. Tushar Karmarkar Regional Officer with all stake holders for streamlining online applications & clearance which was attended by IMPPA representatives where discussion was fruitful.

Competition Commission of India

In continuation to its order dt. 31-10-2017 the CCI on appeal of contempt of its order by FWICE passed another order on 26-5-2020 which had specifically directed FWICE to issue communication to all their affiliates as well as producers / associations withdrawing their letters dt. 29-3-18 & 26-11-18 in which FWICE had informed and reiterated FWICE’s rules and regulations regarding their being the sole body having member to member working arrangement with all producers and also levying penalty / punish- ment to ensure compliance of their rules on anyone employing non-members which retraction FWICE should have themselves circulated, advertised and publicized as per the CCI order but had not done so.

Matters in FFI

The Committee is very happy to report that various matters relating to Governments were taken up through Film Federation of India where your Committee is represented by Hon. President - Shri T.P. Aggarwal, Vice President - Shri Haresh Patel, Vice President - Shri TinuVerma alias Surendra Verma & E.C. members Shri Abhay Kumar Sinha & Shri Manish Jain.

8 Membership

During the year under review IMPPA has granted Normal membership to as many as 854 applicants and Life Membership to 144 applicants. Application forms and Rules & Regulations of membership have been made available on the IMPPA website www.imppa.info.

Title Registration

During the year under review, Title Registration Committee of FMC has registered approx. 12360 titles belonging to the members of IMPPA. We have taken steps to make application forms for title registration and renewal available on the IMPPA website www.imppa.info.

Group Personal Accidental Insurance policy for IMPPA members

During the year IMPPA has renewed Group Personal Accidental Insurance policy taken from M/s Oriental Insurance Co. Ltd. further for period 2020-2021 for all the members of IMPPA.

Covid 19 Insurance policy for Staff members

During the year due to spread of Covid 19 virus IMPPA has taken Covid 19 insurance policy for period 8th July 2020 – 7th July 2021 for all the staff members.

Legal Advice Facilities

IMPPA has been giving free legal advice to its members. Any member who is in need of legal advice or assistance may call upon the office of IMPPA by prior appointment for meeting with the Legal Advisor Shri R. C. Singh (Advocate) and can also meet our Legal Consultant Shri Ashok Saraogi (Advocate High Court) who is available every Saturday between 4 – 5 p.m. by prior appointment.

IMPPA remains the first Association facilitating Trademark & Copyright registration for its members.

In these days it is very essential to safeguard the creative and intellectual property rights to protect the producer members and the members of IMPPA are having the facility of registering the copyright / trademark of their titles, story, script, literary work, audio songs etc, through IMPPA. During the year IMPPA has helped various members register their above mentioned works through M/s Consulta Legal who have been appointed as IMPPA’s Consultant for doing this work.

IMPPA Welfare Trust

IMPPA Welfare Trust continues to extend financial aid to those who approach the Trust for monetary assistance and the committee is happy to state that the Trust has been helpful to many members who were in need of funds to undergo even life saving medical treatment and any member facing any medical emergency can approach the trust for immediate help. We are happy to declare that IMPPA Welfare Trust has been able to help members who even have applied for relief during the Covid 19 virus.

Court Matters

In addition to various cases filed for and against IMPPA in the current year various cases were filed

9 against IMPPA by Mr. Vinod Chhabra i.e. C.C. No. 435/SS/2018 in Metropolitan Magistrate, 66th Court Andheri; (b) S.C. Suit No. 2705 of 2018 ; S.C. Suit No.3257 of 2018 & S.C. Suit No. 8048 of 2018 in City Civil Court Dindoshi as well as case filed by Mr. Abhay Kumar Sinha & Mr. Raju Bhatt against IMPPA and Babubhai Thiba S.C. Suit No. 3247 of 2018 in the City Civil Court – Dindoshi which cases are in progress.

IMPPA in the current year is facing cases filed by Mr. Manoj Chaturvedi, Mr. Raju Bhatt, Mr. Anil Nary- ani, Mr. Vijay Kumar Yadav, Ms. J. Neelam and Ms. Sapna Goyal V/s IMPPA & IMPPA had filed case against Central Board of Film Certification & Government of Maharashtra.

FUTURE

With the advancement of technology the film as well as television and entertainment industry is changing every day and film has given way to digital media and even exploitation and exhibition has changed from prints to digital exhibition and besides television content most producers are today producing web series, short films & documentaries for various online platforms. Your Association, IMPPA will always play a key role in maintaining the creative and commercial balance between the new mediums, i.e. films, television, web series and internet for digital exploitation on various platforms like Netflix, Hot Star, Sony Liv, Alt Balaji, Amazon and various other platforms. It is note worthy that the name of IMPPA itself includes films, television, web series and all other entertainment based content as all these contents are based on motion pictures i.e. picture of things in motion which is why the name of Indian Motion Picture Producers’ Association includes all activities of entertainment industry.

Though the present looks bleak we are sure entertainment knows no boundaries and with development of new technology the sky is the limit for which IMPPA will be always available for the benefit of all members.

OBITURY

The Committee places on record its profound sorrow on the sad demise of the following personalities during the year under review.

Imtiaz Khan Veteran Actor & Director Rishi Kapoor Veteran Actor Basu Chatterjee Director & Screenwriter Dhananjay Mishra Music Director Anwar Sagar Lyricist Irrfan Khan Actor Sushant Singh Rajput Actor Nimmi Veteran Actress Yogesh Lyricist Wajid Khan Music Director KulmeetMakkar CEO FTP Guild of India Saroj Khan Choreographer Jadeep Veteran Actor Mammohan Mahapatra Director Pandhuri Juker Makeup Artist Tapas Paul Bengali Actor Kishori Ballal Actress Rajeev Kumar Producer Shaji Thilakan Actor

10 Shriram Lagoo Actor Vinay Kumar Sinha Producer & Ex-Committee member of IMPPA Anil Suri Producer Naraindas Makhija Financer Amar Singh Politician / Actor Kum Kum Veteran Actress Leena Daru Dress Designer Madam Pal Lyricist Girish Karnad Actor, Director & Producer Shyam Ramsay Producer & Director Raju Mavani Producer & Director Champak Jain Producer Gita Siddharth Actress Rajindra Singh (Aatish) Writer Harish Shah Producer R K Sethi Distributor R R Pathak Film Publicist Chandraprakash Verma Producer

LAST WORD

Under the able and capable leadership of Shri T.P. Aggarwal, President IMPPA has achieved tremendous growth and progress which is also due to the fact that the team consisting of the members of the Executive Committee is always available and ready for sorting out grievances of members as and when they arise. Your Committee is always working to ensure that it can do more things in the future for the benefit of the members.

At the outset the Committee expresses its deep sense of gratitude to all its members for their valued co-operation and assistance extended to the Association. The Committee also thanks the auditors, press and electronic media for their valued co-operation. The Committee also appreciates the services rendered by the members and staff of IMPPA and FMC.

Your Committee is also thankful to the entire Executive Committee of Film Makers Combine, Chamber of Motion Picture Producers, Western India Film Producers Association, The Film & Television Producers Guild of India, Indian Film and TV Producers Council, Akhil Bhartiya Marathi Chirapat Mahamandal, A.S.A.P, Film Federation of India, Federation of Western India Cine Employees, and Indian Film & TV Directors’ Association for their co-operation in all matters.

The Committee looks forward for the co-operation of all members and affiliated associations in strengthening IMPPA.

For and on behalf of the Executive Committee.

Sd/- Sd/- (ANIL NAGRATH) (T. P. AGGARWAL) SECRETARY PRESIDENT Mumbai Dated : 1st September 2020

INDEPENDENT AUDITORS’ REPORT INDEPENDENT AUDITORS’ REPORT To TheTo Members of INDIAN MOTION PICTURE PRODUCERS‘ ASSOCIATION The Members of INDIAN MOTION PICTURE PRODUCTION ‘ASSOCIATION Report on the audit of the financial statements Report on the audit of the financial statements Opinion Opinion WeWe have have audited audited the accompanying the accompanying financial financial statements statements of INDIAN of INDIANMOTION MOTION PICTURE PICTUREPRODUCERS‘ ASSOCIATIONPRODUCTION (“the ‘ASSOCIATION Company”), (“thewhich Company”), comprise the which balance comprise sheet as the at March balance 31, sheet 2020, as and at the StatementMarch 31, of 2020, Profit and and the StatementLoss for the of year Profit then and ended, Loss andfor thenotes year to thethen financial ended, andstatements, notes to including the a summaryfinancial of statements, significant includingaccounting apolicies summary and other of significant explanatory accounting information. policies and other explanatory information. InIn ourour opinionopinion andand toto the best ofof our our informatio informationn and and according according to to the the explanations explanations given given to to us, us, the aforesaidthe aforesaid financial financial statements statements give the give information the information required by required the Companies by the CompaniesAct, 2013 (‘Act’) Act, in the manner2013 (‘Act’) so required in the and manner give soa true required and fair and view give in conformity a true and with fair viewthe accounting in conformity principles with generally the acceptedaccounting in India, principles of the generally state of affairsaccepted of thein India,Company of the as atstate March of affairs 31, 2020 of andthe itsCompany Profit foras theat year endedMarch on 31, that 2020 date. and its Profit for the year ended on that date. Basis for opinion Basis for opinion We conducted our audit in accordance with the standards on auditing specified under section We143 conducted (10) of the our Companies audit in accordance Act, 2013. with Our the resp standardsonsibilities on auditing under specified those Standards under section are further 143 (10) of thedescribed Companies in the Act, auditor’s 2013. Our responsibilities responsibilities for under the audit those of Standards the financial are further statements described section in the of ourauditor’s report. We are independent of the Company in accordance with the code of ethics issued by the responsibilities for the audit of the financial statements section of our report. We are independent of the Institute of Chartered Accountants of India together with the ethical requirements that are Companyrelevant toin accordanceour audit of with the the financial code of statements ethics issued under by the the Institute provisions of Chartered of the Act Accountants and the rules of India togetherthere under, with the and ethical we have requirements fulfilled ourthat otherare relevant ethical to responsibilities our audit of the in financial accordance statements with these under the provisionsrequirements of the and Act the and code the of rules ethics. there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the code of ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ourKey opinion. audit matters Key audit matters are those matters that, in our professional judgment, were of most Keysignificance audit matters in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our Keyopinion audit thereon, matters andare those we do matters not provid that,e in a separateour professional opinion judgment, on these matters. were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of ourReporting audit of of the key financial audit matters statements as per as a SA whole, 701, and Key in Audit forming Matters our opinion are not thereon, applicable and to we the do not Company as it is an unlisted company. provide a separate opinion on these matters.

Reporting of key audit matters as per SA 701, Key Audit Matters are not applicable to the Company as it is an unlisted company.

12 Information other than the financial statements and auditors’ report thereon

The Company’s board of directors is responsible for the preparation of the other information. The other information comprises the information included in the Board’s Report including Annexures to Board’s Report, Business Responsibility Report but does not include the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Management’s responsibility for the financial statements

The Company’s board of directors are responsible for the matters stated in section 134 (5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position and financial performance of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The board of directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

13 As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: = Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. = Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls. = Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. = Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. = Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on other legal and regulatory requirements

The provisions of the Companies (Auditor’s Report) Order, 2016 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013 is not applicable.

As required by Section 143(3) of the Act, we report that: (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit;

(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

14 (c)(c) The The(c) balanceThe balance balance sheet sheet sheet and and and the the the statement statement statement of of of profit profit profit and and and loss lossloss dealt dealtdealt with withwith by by by this this this report report report are are arein agreement in in with agreementagreementthe books withwith of thethe account; booksbooks ofof account;account; (d) In our opinion, the aforesaid financial statements comply with the accounting standards (d) In(d) our In opinion,our opinion, the aforesaidthe aforesaid financial financial statements statements comply comply with with the the accounting accounting standards standards specified specifiedspecified under under section section 133 133 of of the the Act, Act, read read with with rule rule 7 7 of of the the CompaniesCompanies (Accounts) (Accounts) Rules, Rules, under section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014; 20142014;; (e)(e) OnOn(e) thethe On basisbasis the basisofof thethe of writtenwritten the written representationsrepresentations representations rereceivedceived received fromfrom from thethe the directorsdirectors directors asas onason on MarchMarch March 31,31, 31, 20202020 2020 taken on takentaken record onon recordrecord by the byby board thethe boardboard of directors, ofof directors,directors, none nonenone of the ofof directorsthethe directorsdirectors is disqualified isis disqualifieddisqualified as on asas Marchonon MarchMarch 31, 2020 31,31, from being 20202020 fromfromappointed beingbeing as appointedappointed a director asas in aa terms directordirector of inSectionin termsterms 164 ofof SectionSection (2) of the 164164 Act; (2)(2) ofof thethe Act;Act; (f)(f) Since Since the the Company’s Company’s turnover turnover as as per per last last au auditeddited financial financial statements statements is is less less than than Rs.50 Rs.50 CroresCrores(f) andand Since itsits the borrowingsborrowings Company’s fromfrom turnover banksbanks as andand per financia financialast auditedll institutionsinstitutions financial atatstatements anyany timetime is duringduring less than thethe Rs.50yearyear isisCrores and its lessless thanthanborrowings Rs.25Rs.25 Crores,Crores, from banks thethe CompanyCompany and financial isis exemptedexempted institutions fromfrom at gettinggettingany time anan during auditaudit the opinionopinion year is withwith less respectthanrespect Rs.25 toto Crores, the thethe adequacyadequacyCompany ofof is the theexempted internalinternal from financialfinancial getting controlscontrols an audit overover opinion financialfinancial with respectreportingreporting to the ofof the theadequacy companycompany of the andand internal thethe financial operatingoperatingcontrols effectivenesseffectiveness over financial ofof suchsuch reporting controlscontrols of videvide the notificationnotification company and dateddated the JuneJuneoperating 13,13, 2017;2017; effectiveness andand of such controls vide (g)(g) WithWithnotification respectrespect toto dated thethe other otherJune matters13,matters 2017; to toand bebe (g) includedincluded With respect inin thethe to Auditor’sAuditor’s the other ReportReport matters inin to accordanceaccordance be included withwith in the Auditor’s RuleRule 11Report11 ofof thethe in CompaniesCompaniesaccordance (Auditwith(Audit Rule andand 11 Auditors)Auditors) of the Companies RuRules,les, 2014,2014, (Audit inin our ourand opinion opinionAuditors) andand Rules, toto thethe 2014, bestbest in ofof our opinion ourour informationinformationand to the best andand ofaccordingaccording our information toto thethe explanationsexplanations and according givengiven to totothe us;us; explanations given to us; a.a. The The Company Company does does not not have have any any pending pending litigations litigations which which would would impact impact its its financial financial a. The Company does not have any pending litigations which would impact its financial position;position; position; b.b. TheThe CompanyCompany diddid notnot havehave anyany long-termlong-term contractscontracts includingincluding derivativederivative contractscontracts forfor whichwhich therethere b.werewere The anyany Company materialmaterial did foreseeableforeseeable not have any losses;losses; long-term andand contracts including derivative contracts for which c.c. ThereTherethere werewere were nono any amountsamounts material whichwhich foreseeable werewere requiredrequired losses; and toto bebe transferredtransferred toto thethe InvestorInvestor EducationEducation andand ProtectionProtection FundFund byby thethe Company.Company. c. There were no amounts which were required to be transferred to the Investor Education and

Protection Fund by the Company.

Yours Faithfully, M/s S.G. KABRA & Co. Chartered Accountants FRN - 104507W

CA S. G. KABRA Partner Membership No. 038867

Place: Mumbai DateDateDate :: 31.08.202031.08.2020 : 31.08.2020 UDIN:UDIN:UDIN: 20038867AAAABG651620038867AAAABG6516 20038867AAAABG6516

15 INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION BALANCEINDIAN SHEET MOTION AS ATPICTURE 31ST MARCH, PRODUCERS' 2020 ASSOCIATION BALANCEBALANCE(CIN:U92100MH1938NPL002842) SHEET ASSHEET AT 31ST AS ATMARCH, 31ST 2020MARCH, 2020 (CIN:U92100MH1938NPL002842)(CIN:U92100MH1938NPL002842) PARTICULARS NOTE.NO AS AT 31ST MARCH, 2020 PARTICULARSPARTICULARS NOTE.NONOTE.NO AS AT 31ST MARCH, AS AT 2020 31ST MARCH, AS 2020AT 31ST A EQUITY AND LIABILITIES MARCH, 2019 A EQUITY AND LIABILITIES A EQUITY AND LIABILITIES 1 MEMBERS FUNDS 1 MEMBERS FUNDS (a) Corpus1 MEMBERS Fund FUNDS 1 9,63,96,042 (b) Reserves(a) Corpus and surplus Fund 12 9,63,96,042 72,67,505 8,38,17,352 (b)(a) Reserves Corpus Fundand surplus 2 1 72,67,505 9,63,96,042 2,84,180 3 CURRENT LIABILITIES(b) Reserves and surplus 2 72,67,505 (a) 3 CURRENTOther Current LIABILITIES Liabilities 3 48,89,473 3 CURRENT(a) Other LIABILITIES Current Liabilities 3 48,89,473 53,86,874 (a) Other Current Liabilities 3 48,89,473 TOTAL 10,85,53,020 TOTAL 10,85,53,020 8,94,88,406 B ASSETSB ASSETS TOTAL 10,85,53,020 B ASSETS 1 NON-CURRENT1 NON-CURRENT ASSETS ASSETS (a) Fixed1 NON-CURRENT(a) assets Fixed assets ASSETS (i) Tangible(a)(i) Fixed Tangible assets assets assets 44 7,83,26,754 7,83,26,754 7,88,51,055 (b) Long-term(b) Long-term(i) loans Tangible and loans advances assets and advances 55 4 43,222 43,222 7,83,26,754 42,462 2 CURRENT2 CURRENT ASSETS(b) Long-term ASSETS loans and advances 5 43,222 (c) Trade2 CURRENT(c) receivables Trade ASSETSreceivables 66 24,27,04424,27,044 12,71,922 (d) Cash (d)and(c) Cash Tradecash and equivalents receivables cash equivalents 77 6 2,62,68,289 2,62,68,289 24,27,044 79,11,207 (f) Other (f)current(d) Other Cash assets current and cash assets equivalents 88 7 14,87,71114,87,711 2,62,68,289 14,11,760 (f) Other current assets 8 14,87,711 TOTALTOTAL 10,85,53,0210,85,53,0200 8,94,88,406 See accompanying notes forming part of the See accompanying notes forming part of the TOTAL 10,85,53,020 financial statements. financial statements.See accompanying notes forming part of the In terms of our report attached. In terms of our reportfinancial attached. statements. ForIn terms S.G.KABRA of our report & CO. attached. FOR INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION For S.G.KABRA & CO. FOR INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION Chartered Accountants Chartered Accountants F.R.No.104507For S.G.KABRAW & CO. FOR INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION F.R.No.104507WChartered Accountants F.R.No.104507W

(S.G.KABRA) (S.G.KABRA)Partner Partner MEMBERSHIP(S.G.KABRA) NO. 038867 MEMBERSHIP PlaceS.G.KabraPartner : NO.Mumbai 038867 Place : Mumbai DatePartnerMEMBERSHIP : 31/08/2020 NO. 038867 Date : 31/08/2020UDIN:MEMBERSHIP Place 20038867AAAABG6516: Mumbai NO.038867 UDIN: 20038867AAAABG6516 Place Date : Mumbai31/08/2020 DateUDIN: : 31/08/2020 20038867AAAABG6516Shri.T.P.Aggarwal Hon.PresideShri.Manish Jain Member UDIN: 20038867AAAABG6516Shri.T.P.AggarwalShri. Ashoke Pandit Hon.PresidentMember Shri.JaiShri.Manish Prakash Shaw Jain Member Shri. AshokeMs.Shri.T.P.Aggarwal Sushama Pandit ShiromaneeMember MemberHon.President Shri.AbhayShri.Jai Kumar PrakashShri.Manish Sinha Shaw Jain Member Shri.Babu Bhai Thiba Member Shri.Nishant Ujjwal Member Shri.T.P.AggarwalMs. SushamaShri. Shiromanee AshokeHon.President Pandit Member Shri.SurendraMember VermaShri.AbhayShri.Jai Kumar Hon. Vice Prakash Sinha President Shaw Shri.Satish Poojary Hon.Treasu Shri.Darshan Bagga Member Shri.Satish PoojaryShri.Babu Ms.Bhai Sushama ThibaHon.Treasurer Shiromanee Member Shri.MahendraMember DhariwalShri.NishantShri.Abhay Ujjwal Hon. Joint Kumar Secretary Sinha Shri.Surendra Verma Hon. Vice P Shri.Aarti Patel Member Ms. Sushama Shri.SatishShiromaneeShri.Babu Poojary MemberBhai Thiba Hon.TreasurerShri.JaiMember Prakash ShawShri.DarshanShri.Nishant Member Bagga Ujjwal Shri.Mahendra Dhariwal Hon. Joint SShri.Anil Nagrath Hon.Secretary Shri.Babu BhaiShri.Surendra Thiba Shri.Satish VermaMember Poojary Hon.Shri.Abhay Vice Hon.TreasurerPresident Kumar SinhaShri.Aarti PatelShri.Darshan Member Bagga Shri. Ashoke Pandit Member Shri.Aarti Patel Member Shri.MahendraShri.Surendra Dhariwal Verma Hon. JointHon. Secretary Vice PresidentShri.Anil NagrathShri.Aarti Patel Shri.Manish Jain Member Shri.Nishant Ujjwal Member Shri.Mahendra Dhariwal Hon. Joint Secretary Shri.Anil Nagrath Shri.Darshan Bagga Member Shri.Anil Nagrath Secretary

16 INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION (CIN:U92100MH1938NPL002842) STATEMENT OF INCOME & EXPENDITURE FOR THE YEAR ENDED 31ST MARCH,2020

PARTICULARS NOTE NO. 2019-2020 2018-2019

I. Other Income 9 2,21,08,766 2,11,68,303

Total Revenue 2,21,08,766 2,11,68,303 II. Expenses: Employee benefit expense 10 48,03,146 41,31,991 Depreciation and amortization expense 4 5,31,081 5,96,136 Other expenses 11 97,91,214 1,21,87,141 Total Expenses 1,51,25,441 1,69,15,268

Profit / Loss for the year (I - II) 69,83,325 42,53,035

IV.Surplus/(Deficit) for the period t/f to B/S 69,83,325 42,53,035

For S.G.KABRA & CO. FOR INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION Chartered Accountants F.R.No.104507W

S.G.Kabra PartnerPartner MEMBERSHIP NO.038867 NO.038867 PlacePlace : :Mumbai Mumbai Date : 31/08/2020 Date : 31/08/2020 UDIN: 20038867AAAABG6516 UDIN: 20038867AAAABG6516 Shri.T.P.Aggarwal Hon.President Shri.Surendra Verma Hon. Vice President Shri.SatishShri.T.P.Aggarwal Poojary Hon.TreasurerHon.President Shri.MahendraShri.Manish Dhariwal Jain Hon. JointMember Secretary Ms.Shri. Sushama Ashoke ShiromaneePandit Member Member Shri.Jai PrakashShri.Jai Shaw Prakash Shaw Member Member Shri.BabuMs. Sushama Bhai ThibaShiromanee Member Member Shri.Abhay Shri.AbhayKumar Sinha Kumar Sinha Member Member Shri.Shri.Babu Ashoke Bhai Pandit Thiba Member Member Shri.Aarti PatelShri.Nishant Ujjwal Member Member Shri.ManishShri.Satish JainPoojary Member Hon.TreasurerShri.Nishant Shri.DarshanUjjwal BaggaMember Member Shri.DarshanShri.Surendra Bagga Verma Member Hon. Vice PresidentShri.Anil NagrathShri.Aarti Patel SecretaryMember Shri.Mahendra Dhariwal Hon. Joint Secretary Shri.Anil Nagrath Hon.Secretary

17 INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION Notes forming part of the financial statements

2019-20 2018-19 Note No.1 Corpus Fund a) Balance B/d 5,28,92,212 4,49,80,612 Add: Members admission fees 77,23,690 79,11,600 6,06,15,902 5,28,92,212

b) Life Membership : Balance b/d 3,09,25,140 2,66,34,225 Add: During the year 48,55,000 42,90,915 3,57,80,140 3,09,25,140

Total Corpus Fund (a+b) 9,63,96,042 8,38,17,352

Note No.2 Reserve & Surplus a) IMPPA Golden Jubilee Fund 22,23,281 22,23,281 b) IMPPA Piracy Vigilance Forum 16,27,147 16,27,147 38,50,428 38,50,429

c) Income & Expenditure Balances b/d (35,66,248) (78,19,283) Add : S Surplusurplus as peperr I& E a/c 69, 83, 325 42, 53, 035 34,17,077 (35,66,248)

Total (a+b+c) 72,67,505 2,84,180

Note No.3 Other Current Liabilities & Provisions Provisions 48,600 65,327 IWT Corpus Fund 25,218 25,218 Members Subscription received in advance 16,96,267 17,10,921 New Members application pending 10,01,973 10,01,973 Security Deposit 18,00,000 18,00,000 Tax Payable 2,35,165 6,31,674 Sundry Creditors 82,250 1,51,761 48,89,473 53,86,874 Note No. 5 Long Term Loans & Advances Deposits & Advances Electricity Deposit 38,500 37,740 Telephone Deposit 4,722 4,722

43,222 42,462

18 INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION Notes forming part of the financial statements

2019-20 2018-19

Note No. 6 Trade Receivable Member Outstanding subscription More than Six Month 1,60,618 1,60,618

a) 1,60,618 1,60,618 OTHER BOOK DEBTS IMPPA Welfare Trust (Tel. receivable) 89,145 57,981 Film Makers Combine 10,57,968 5,24,229 CHAMPP (Tel. Receivable) 1,56,897 1,16,678 I.W.T Contribution 9,62,416 4,12,416

b) 22,66,425 11,11,304

Total (a+b) 24,27,044 12,71,922

Note No.7 Cash & Cash Equivalents Cash In Hand 3,67,6593,67,659 44,16444,164 Petty Cash 56,698 34,634 SBI-Current A/c 10,78,147 5,09,036 P & S Current A/c 10,85,864 8,92,182 Samata Sahakari Bank 1,37,915 2,77,488 SBI FD 2,35,42,006 61,53,704

2,62,68,289 79,11,207

Note No.8 Other Current Assets

1 TDS 2011-12 - 86,916 2013-14 - 9,797 2014-15 - 38,800 TDS On Rent 16-17 - 45,000 TDS Receivable - 9,525 TDS 17-18 - 5,26,230 TDS 18-19 6,20,884 6,20,884 TDF-19-20 7,29,471 - 13,50,355 13,37,152

2 Prepaid Expenses 1,37,356 74,608 1,37,356 74,608

Total (1+2) 14,87,711 14,11,760

19 INDIAN MOTION PICTURE PRODUCERS' ASSOCIATION Notes forming part of the financial statements

Note No. 9 Other Income 2019-20 2018-19 Members Subscription Annual subscription 35,67,600 37,49,065 Additional Subscription 1,15,33,095 1,13,03,762 Interest on Bank FD 9,87,009 2,86,816 Miscellaneous Income 67,562 1,58,660 Rent Received from Bandra Office 59,53,500 56,70,000

2,21,08,766 2,11,68,303 Note No.10 Employee Benefit Expense EmEmployeeployee Renumeration 4242,77,379,77,379 37,66,51737,66,517 Contribution to employee's PF 3,27,672 2,57,938 Staff Welfare 1,98,095 1,07,537 48,03,146 41,31,991 Note No.11 Other Expenses Annual Maintence- AMC 3,29,608 28,541 Audit Fees 48,600 47,200 Bad Debts - 5,21,959 Bank Charges 44,528 33,276 Brokerage & Registration - 5,500 Conveyance Allowance (EC Member ) 6,77,000 10,88,282 Copyright Exp 1,83,400 2,43,300 Digital Expenses - 2,10,000 Donation - 25,000 Electricity Charges 2,16,650 2,52,800 Hotel Lodging & Boarding 3,80,505 23,600 IGST Paid FY 17-18 - 28,881 Insurance 2,82,170 1,01,781 Interest On TDS 3,400 11 Legal & Professional Fees 15,43,606 12,08,600 Meeting Expenses (Including AGM & Election) 2,36,565 15,48,448 MiscMisc. ExpExp - 1,07 , 563 Newspaper & Periodicals 5,183 5,132 Office Exp 2,07,440 3,20,953 Postage & telegram 2,38,570 2,55,476 Printing & Stationary 4,04,487 6,62,951 Professional fee to secreatry (Mr.Anil Nagrath) 13,51,350 12,96,864 Professional Tax - 2,500 Rent,Rates & Taxes 11,90,513 11,50,335 Repairs & Maintenance 3,37,834 6,21,695 ROC Filing Fee 72,800 409 Round Off 86 (190) Screening Charges - 46,622 Server Hire Charges - 1,50,000 Service Tax Int Paid - 2,56,149 Software Expenses 20,000 10,800 Subscription & Contribution to other Association 10,53,258 10,04,767 Telephone & Internet Exp. 51,156 83,394 Title Publish Expenses 8,47,088 4,67,480 Travelling Expenses 65,418 1,60,921 Trophies - 1,95,000 Water Expenses - 21,140 9797,91,214 91 214 11,21,87,141 21 87 141

20 IMPPA Notes formating part of the financial statements Note No.5 DEPRECIATION Sr No. Fixed Assets W.D.V. Addition Total Value Rate Dep for the year W.D.V. 31.3.2020 31.3.2019 2019-2020 1 Office premises (1) 3,94,164 3,94,164 5% 19,708.19 3,74,456 2 Office premises (2) 5,41,90,248 5,41,90,248 0% - 5,41,90,248 3 Office premises (3) 1,96,72,545 1,96,72,545 0% - 1,96,72,545 4 Furniture & Fixture 14,74,957 14,74,957 10% 1,47,495.73 13,27,462 5 Portable Cabin 15,649 15,649 10% 1,564.92 14,084 6 Air Conditioner 2,37,172 2,37,172 15% 35,575.77 2,01,596 7 Office Equipment 27,867 27,867 15% 4,180.10 23,687 8 Vehicle 81,224 81,224 15% 12,183.54 69,040 9 Computers 70,363 70,363 40% 28,145.39 42,218 10 Xerox Machine 53,130 53,130 15% 7,969.49 45,160 11 Fax machine 822 822 15% 123.32 699 12 Telephone Board 22,820 22,820 15% 3,422.95 19,397 13 Refrigerator(Godrej) 7,704 7,704 15% 1,155.59 6,548 14 CC Camera (CCTV) 88,837 88,837 15% 13,325.50 75,511 15 Water Filter 2,787 6,780 9,567 15% 418.11 9,149 16 Thumb Machine 3,762 3,762 15% 564.31 3,198 17 I Card Machine 57,362 57,362 15% 8,604.25 48,757 18 LCD TV 26,153 26,153 15% 3,922.88 22,230 19 Dinning Room 72,138 72,138 10% 7,213.82 64,924 20 Preview Theatre 23,43,922 23,43,922 10% 2,34,392.18 21,09,530 21 Mobile Handset 7,429 7,429 15% 1,114.35 6,315 Total 7,88,51,055 6,780 7,88,57,835 5,31,081 7,83,26,754

Note NOTES TO ACCOUNTS 1 The Accounts have been prepared on historical basis. 2 Fixed Assets are valued at cost less depreciation except office premises (2) & (3). 3 Depreciation on Fixed Assets is provided in accounts on "Written Down Value" basis as provided in the Income Tax Act,1961 except office premises (2) & (3). 4 Investments are shown at cost. 5 Previous years figures are regrouped wherever necessary. 6 Membership subscription fees which are outstanding for more than three years have been writen off as bad debts during the year. 7 Contingent Liabilities -NIL 8 The association has changed the method of billing. W.e.f 01.07.2017 the date of implementation of GST,the association has started making bills of members on receipts of subscription.

21 Indian Motion Picture Producers’ Association PRESIDENTS OF IMPPA

1937-39 Khan Bahadur Ardeshir M. Irani 1965-66 Shri G.P. Sippy 1940 Shri V. Shantaram 1966-67 Shri Roshanlal Malhotra 1941-43 Rai Bahadur Chunilal 1967-68 Shri J.B. Roongta 1943-44 Shri V. Shantaram 1968-71 Shri I.S. Johar 1944-45 Shri Chandulal J. Shah 1971-72 {Smt. Nargis Dutt} {Shri Ramprakash Chibber (Pachhi) 1945-46 Rai Bahadur Chunilal 1972-73 {Shri I.S. Johar) {Shri Shree Ram Bohra 1946-47 Shri Chhotubhai J. Desai 1973-84 Shri Shree Ram Bohra 1947-48 Shri Chhotubhai D. Desai 1984-85 {Shri Ramraj Nahta {Shri Prakash Mehra} 1948-49 Shri Chandulal J. Shah 1985-89 Shri Ramraj Nahta 1949-50 Shri J.B.H. Wadia 1989-92 Shri Shakti Samanta 1950-51 Rai Bahadur Chunilal Shri K.M. Modi 1992-93 Shri Jimmy Nirula 1951-52 Shri Chandulal J. Shah 1993-94 Shri Shakti Samanta 1952-53 Shri Chandulal J. Shah Shri Jaimani Dewan 1994-98 Shri Sultan Ahmed 1953-54 Shri Jaimani Dewan 1998-99 Shri Shakti Samanta 1954-55 Shri Dalsukh M. Pancholi 1999 Shri K.D. Shorey 1955-56 {Shri S.K. Patil {Shri Kishore Sahu 1999-2001 Shri Shakti Samanta 1956-57 Shri J.P. Tiwari 2001-03 Smt. Smita Thackeray 1957-60 Shri J.B. Roongta 2003-04 Shri Saawan Kumar Tak 1960-62 {Shri Bimal Roy 2004 Miss Sushama Shiromanee {Shri R. Chandra Shri Rakesh Kumar Sharma 1962-63 {Shri J. Om Prakash 2004-05 Miss Sushama Shiromanee {Shri J.B. Roongta 2005-06 Mrs. Shabnam Kapoor {Shri Mehboob Khan 2006- Shri T.P. Aggarwal 1963-65 Shri Roshanlal Malhotra

IMPPA Home Theatre for members

IMPPA has started Home Theatre for members in its office premises which has 35 Luxurious push back seats, Silver Screen 16x8, Dolby Atmos 11.2 System, Modern Digital IMPPAIMPPA has hasstarted started Home Home Theatre Theatre for members for members in its inoffice its officepremises premises which whichhas 35 Luxurious has 35 pushCinemaLuxurious back poweredseats, push Silver back by Screen Qube.seats, 16x8, Silver The Dolby charges Screen Atmos 16x8, for members 11.2Dolby System, Atmos are Modern very11.2 System,nominal Digital Modern i.e.Cinema Rs. Digital 6,500/ powered - + byService Qube.Cinema Thetax powered for charges 2 ½ byfilm, for Qube. membersfor 3 The hour chargesare film very for nominal Rs. members 9,000/ i.e.- are+Rs. Service very6,500/- nominal tax + andService i.e.for Rs.taxfilms 6,500/for of 2 shorter½- +film, forlength 3Service hour charges film tax Rs.for will29,000/- ½ film, be + Rs. for Service 3,000/3 hour tax- +film and service for Rs. films tax9,000/ perof -shorter + hour. Service length The tax Home andcharges for Theatre films will be of can Rs.shorter also3,000/- be + bookedservicelength tax chargesby per members hour. will The be for Rs.Home Press 3,000/ Theatre Conference,-+ service can also tax Musi be per booked c hour. release, Theby members TrailerHome Theatre release for Press can or Conference, alsoany be other Musicfunctionbooked release, at by above Trailer members mentioned release for Pressor rates.any Conference, other function Musi at cabove release, mentioned Trailer releaserates. or any other function at above mentioned rates.

INDIAN MOTION PICTURE PRODUCERS’ ASSOCATION

Office:INDIAN G-1 to 7, MOTION Crescent Tower, PICTURE Near Morya PRODUCERS’ House, Opp. VIP ASSOCATION Plaza, Off. Link Road, Andheri (W), Mumbai – 400 053. Office: G-1 to 7, Crescent Tower, Near Morya House, Opp. VIP Plaza, INDIAN MOTION PEI-mail:CT [email protected] PRODUCE RS’ ASSOCATION Contact:Off. 022 Link 26732868 Road, Andheri / 26742892 (W), Mumbai / 26732715 – 400 / 053. 26732790 Office: G-1 to 7, Crescent Tower,E-mail: [email protected] Morya House, Opp. VIP Plaza, Off. Link Road, Contact: 022Andheri 26732868 (W), / 26742892 Mumbai / – 26732715 400 053. / 26732790 E-mail: [email protected] Contact: 022 26732868 / 26742892 / 26732715 / 26732790