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RELATED PARTY TRANSACTIONS
12 Months Ended
Mar. 31, 2022
RELATED PARTY TRANSACTIONS  
NOTE 9 - RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

 

During the year ended March 31, 2022 and 2021, the Director of the Company made advancement of $32,533 and $6,500 for operation expenses on behalf of the Company, respectively. The loan is non-interest bearing and due on demand.

 

On September 20, 2021, the Company issued 20,000,000 shares of restricted common stock valued at $140,000,000 based on the Company’s stock trading price at $7.00 per share as compensation the Company director’s salary for the year 2021. During the nine months ended December 31, 2021, the Company has recognized $105,000,000 stock based compensation for the year 2021 salary.

 

As at March 31, 2022 and March 31, 2021, the Company had advances from related parties of $67,574 and $35,041, respectively.