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Bajaj Finserv

BSE: 532978|NSE: BAJAJFINSV|ISIN: INE918I01018|SECTOR: Finance - Investments
Jun 23, 16:01
-110.65 (-2.62%)
VOLUME 10,749
Jun 23, 15:55
-118.7 (-2.81%)
VOLUME 93,004
Mar 15
Notes to Accounts Year End : Mar '16
a.  Further, of the above
 1,805,071 equity shares thereof are deemed to be issued by way of Euro
 Equity Issue represented by Global Depository Receipts (GDR) evidencing
 Global Depository Shares outstanding on the record date. Outstanding
 GDRs at the close of the year were 37,532 (41,132)
 b.  Terms/rights attached to equity shares
 The Company has only one class of equity shares having a par value of
 Rs.5 per share. Each holder of equity shares is entitled to one vote per
 share. The interim dividend declared by the Board of Directors and the
 dividend proposed by the Board of Directors and approved by the
 shareholders in the annual general meeting is paid in Indian rupees. In
 the event of liquidation of the Company, the holders of equity shares
 will be entitled to receive remaining assets of the Company, after
 distribution of all preferential amounts. The distribution will be in
 proportion to the number of equity shares held by the shareholders.
 c. Shares reserved for issue at a subsequent date
 20,408 (26,677) equity shares of Rs.5 each offered by way of right in an
 earlier year, have been held in abeyance pending adjudication of title
 and subscription thereafter.
 1. Segment information
 Segment information based on consolidated financial statements is given
 in note 33 to consolidated financial statements.
 The Company has disclosed the business segments as primary reporting
 segment on the basis that risks and returns are primarily determined by
 the nature of products and services. Consequently, geographical segment
 has been considered as a secondary segment.
 The business segments have been identified on the basis of the nature
 of products and services, the risks and returns and internal
 performance reporting systems.
 The business segments comprise the following:
 i.  Insurance
 ii.  Windmill
 iii.  Retail financing
 iv.  Investments and others
 29 Since the Company is no longer registered with RBI under section
 45IA of the Reserve Bank of India Act, 1934, the requirement of
 creating a Reserve fund in terms of section 45-IC(1) (called as
 ''Reserve fund'' hereinafter) of the Reserve Bank of India Act,
 20% of the profit to the Reserve fund does not arise. Consequently, no
 amount has been transferred to the said Reserve fund during the year
 2015-16 and balance in Reserve fund of Rs.120.10 crore has been
 transferred to Surplus in Statement of Profit and Loss.
 30 The consolidated financial statements of the Company alongwith its
 subsidiaries and joint venture are attached to these standalone
 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.
 2. Previous year figures
 Previous year figures have been regrouped wherever necessary to make
 them comparable with those of the current year.
 3. Miscellaneous
 a.  Rs.1 crore is equal to Rs.10 million.
 b.  Amounts less than Rs.50,000 have been shown at actual against
 respective line items statutorily required to be disclosed.
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