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Bajaj Finserv
BSE: 532978|NSE: BAJAJFINSV|ISIN: INE918I01018|SECTOR: Finance - Investments
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Notes to Accounts Year End : Mar '13
1 The Company is primarily engaged in the business of promoting
 financial services such as finance, insurance, wealth management etc.
 through its investments in subsidiaries and joint ventures. The Company
 is also engaged in the business of generating power through wind
 turbines. Since investments dominate the composition of assets and
 revenue, the Company was registered on 30 October 2009 by RBI as a
 Non-Banking Financial Institution (non-deposit taking). However, the
 Company has obtained an exemption from RBI vide its letter dated 8
 March 2010 on the compliance with the norms in respect ''concentration
 of investments'' prescribed in para 18(1) of the Non Banking Financial
 (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve
 Bank) Directions, 2007. The said exemption has been renewed vide its
 letter dated 27 June 2012 for one more year.
 
 2 Contingent liabilities
 
                                                    (Rs. In Crore)
  
                                                      2013     2012
 
 a Claims against the Company not acknowledged 
 as debts                                             7.67     7.71 
 
 b Income Tax matters under dispute
 
 Appeal by Company                                    0.14     0.14
 
 c Value Added Tax (VAT) matters under dispute        0.29        -
 
 3 Lease
 
 Future minimum lease rental in respect of assets given on operating
 lease in the form of office premises after 1 April 2001 Minimum future
 lease payments as on 31 March 2013:
 
 4 Schedule to Balance Sheet as on 31 March 2013
 
 Balance sheet of a non deposit taking non-banking financial company
 
 (As required in terms of Paragraph 13 of Non-Banking Financial
 (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve
 Bank) Directions, 2007)
 
 5 The consolidated financial statements of the Company and its group
 are attached to these independent financial statements.  The details of
 the group regarding the nature of relationship and the basis of
 consolidation can be referred to in note 1 to the said consolidated
 financial statements.
 
 6 Previous year figures
 
 Previous year figures have been reclassified to conform to this year''s
 classification.
 
 7 Miscellaneous
 
 Rs. 1 crore is equal to Rs. 10 million.
 
 Amounts less than Rs. 50,000 have been shown at actual against
 respective line items statutorily required to be disclosed.
Source : Dion Global Solutions Limited
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