a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
 
 The financial statements have been prepared to comply in all material
 respects with the Notified accounting standard by Companies Accounting
 Standards Rules, 2006, (as amended) the relevant provisions of the
 Companies Act, 1956. The financial statements have been prepared under
 the Historical cost convention and on an Accrual basis. The accounting
 policies have been consistently applied by the Company and are
 consistent with those used in the Previous year.
 
 b) USE OF ESTIMATES
 
 The preparation of financial statements in conformity with generally
 accepted Accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 period end. Although these estimates are based upon management’s best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 c) FIXED ASSETS, INTANGIBLE ASSETS AND CAPITAL WORK IN PROGRESS
 
 Fixed assets are stated at cost, less accumulated depreciation and
 impairment losses if any. Cost comprises the purchase price and any
 cost attributable to bringing the asset to its working condition for
 its intended use. Capital work-in-progress comprises outstanding
 advances paid to acquire fixed assets, the cost of fixed assets that
 are not yet ready for their intended use at the balance sheet date.
 Intangible assets are recorded at the consideration paid for
 acquisition.
 
 The computer software costs are capitalized and recognized as
 intangible assets in terms of Accounting Standard 26 - Intangible
 Assets based on materiality, accounting prudence and significant
 economic benefit expected there from to flow over a period longer than
 one year. Capitalized costs include direct costs of implementation and
 expenses directly attributable to the development of the software.
 
 d) DEPRECIATION
 
 Depreciation is provided using the straight line method at the rates
 prescribed under schedule XIV of the Companies Act, 1956, which is
 management’s estimate of the useful lives of the assets.
 
 Computer software cost capitalized is amortized over the estimated
 useful life of 6 years.
 
 Additions to fixed assets are depreciated from the date of addition and
 deletions are depreciated upto the date of sale, on pro-rata basis.
 
 Fixed assets individually costing Rs.5,000 or less are fully
 depreciated in the year of purchase.
 
 e) IMPAIRMENT
 
 i) The carrying amounts of assets are reviewed at each balance sheet
 date if there is any indication of impairment based on internal /
 external factors. An impairment loss is recognized wherever the
 carrying amount of an asset exceeds its recoverable amount. The
 recoverable amount is the greater of the assets net selling price and
 value in use. In assessing value in use, the estimated future cash
 flows are discounted to their present value using a pre-tax discount
 rate that reflects current market assessments of the time value of
 money and risks specific to the asset.
 
 ii) After impairment, depreciation is provided on the revised carrying
 amount of the assets over its remaining useful life.
 
 f) LEASES
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased term, are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the Profit and Loss account on a straight-line basis over the lease
 term.
 
 g) INVESTMENTS
 
 Investments that are readily realisable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis.  Long-term investments are carried at
 cost. However, provision for diminution in value is made to recognise a
 decline other than temporary in the value of the investments.
 
 h) REVENUES
 
 Revenue is recognised to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured.
 
 Brokerage Income and transaction charges are recognised on the trade
 date of the transaction upon confirmation of the transactions by the
 exchanges.
 
 Income from depository services, referral fee and interest and finance
 charges are recognised on the basis of agreements entered into with
 clients and when the right to receive the income is established.
 
 Other interest incomes are recognised on a time proportion basis.
 
 Dividend income is recognised when the shareholders’ right to receive
 payment is established by the balance sheet date. Dividend from
 subsidiaries is recognised even if same are declared after the balance
 sheet date but pertains to period on or before the date of balance
 sheet as per the requirement of Schedule VI of the Companies Act, 1956.
 
 i) EMPLOYEE BENEFITS
 
 i. Retirement benefits in the form of Provident Fund is a defined
 contribution scheme and the contributions are charged to the Profit and
 Loss Account of the year when the contributions to the fund is due.
 There are no obligations other than the contribution payable to the
 trust.
 
 ii. Gratuity liability under the Payment of Gratuity Act which is a
 defined benefit scheme is accrued and provided for on the basis of an
 actuarial valuation on projected unit credit method made at the end of
 each financial year.
 
 iii. Short term compensated absences are provided for based on
 estimates. Long term compensated absences are provided for based on
 actuarial valuation at the year end. The actuarial valuation is done as
 per projected unit credit method
 
 iv.  Actuarial gains/losses are immediately taken to profit and loss
 account and are not deferred.
 
 j) INCOME TAX
 
 Tax expense comprises current and deferred tax. Current income tax is
 measured at the amount expected to be paid to the tax authorities in
 accordance with the Indian Income Tax Act. Deferred income taxes
 reflects the impact of current year timing differences between taxable
 income and accounting income for the year and reversal of timing
 differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets are recognised only to the extent that there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets can be realised. In situations
 where the company has unabsorbed depreciation or carry forward tax
 losses, all deferred tax assets are recognised only if there is virtual
 certainty supported by convincing evidence that they can be realised
 against future taxable profits.
 
 At each balance sheet date the Company re-assesses unrecognized
 deferred tax assets. It recognises unrecognised deferred tax assets to
 the extent that it has become reasonably certain or virtually certain,
 as the case may be that sufficient future taxable income will be
 available against which such deferred tax assets can be realised.
 
 The carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The Company writes-down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realised. Any such write-down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be, that
 sufficient future taxable income will be available.
 
 k) EARNINGS PER SHARE
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders (after
 deducting preference dividends and attributable taxes) by the weighted
 average number of equity shares outstanding during the period. The
 weighted average numbers of equity shares outstanding during the period
 are adjusted for events of bonus issue; bonus element in a rights issue
 to existing shareholders; share split; and reverse share split, if any.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares.
 
 l) CONTINGENT LIABILITY AND PROVISIONS
 
 Contingent liability is a possible but not probable obligation as on
 the balance sheet date based on the available evidence. A provision is
 recognized when an enterprise has a present obligation as a result of
 past event and it is probable that an outflow of resources will be
 required to settle the obligation, in respect of which a reliable
 estimate can be made. Provisions are not discounted to its present
 value and are determined based on management estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and adjusted to reflect the current management
 estimates.
 
 m) SEGMENT REPORTING
 
 The Company is principally engaged in the business of Stock Broking and
 related activities. Accordingly, there are no reportable segments.
 
 n) CASH AND CASH EQUIVALENTS
 
 Cash and cash equivalents in the balance sheet comprise cash at bank
 and in hand and short-term investments with an original maturity of
 three months or less.