Accounting Policies of Bampsl Securities Ltd. Company

Mar 31, 2015

(a) Basis of Accounting

The financial statements have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The Company has prepared these financial statements to comply in all material respects with the Companies (Accounts) Rules 2014 and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared on an accrual basis and under the historical cost convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year.

(b) Use of Estimates

The presentation of financial statements in conformity with the generally accepted accounting principles requires the management to make estimates and assumptions that affect the reported amount of assets and liabilities, revenues and expenses and disclosure of contingent liabilities. Such estimates and assumptions are based on management's evaluation of relevant facts and circumstances as on the date of financial statements.

(c) Stock in trade

Stock in trade of shares is valued at cost or market value whichever is lower.

(d) Employees Benefits

These are accounted for on accrual basis.

(e) Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income Tax Act, 1961. The company adopts full provision basis for deferred tax in accordance with the Accounting Standard-22 on accounting for taxes on income. Deferred tax is recognized subject to the consideration of prudence, on timing difference, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

(f) Earning per Share

Basic Earning per Share in calculated by dividing the profit after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per shares and weighted average number of equity shares which could have been issued.

(g) Contingent Liabilities

Contingent Liabilities are not provided for and are discussed by way of notes, if any.

(h) Fixed Assets and depreciation

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and in the manner specified in Schedule II to the Companies Act, 2013.

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Mar 31, 2014

(a) Basis of Accounting

The financial statements are prepared as per historical cost convention and in accordance with generally accepted and accounting principles in India, the provisions of the Companies Act,1956, the applicable Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956. income and expenditure having material bearing on the financial statements are recognized on accr basis.

(b) Use of Estimates

The presentation of financial statements in conformity with the generally accepted account principles requires the management to make estimates and assumptions that effect the report amount of assets and liabilities, revenues and expenses and disclosure of contingent liabilities, estimates and assumptions are based on management's evaluation of relevant facts and circumstance as on the date of financial statements.

(c) Stock in Trade

Stock in trade of shares is valued at cost or market value whichever is lower.

(d) Employees Benefits

These are accounted for on accrual basis.

(e) Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under provisions of the Income Tax Act, 1961. The Company adopt full provision basis for deferred tax accordance with the Accounting Standard-22 on accounting for taxes on income. Deferred tax recognized subject to the consideration of prudence, on timing difference, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in or more subsequent periods.

(f) Earning per Share

Basic Earning per Share is calculated by dividing the profit after tax for the year attributable to shareholders by the weighted average number of equity shares outstanding during the year. earnings per share is computed by dividing the profit after tax by the weighted average number equity shares considered for deriving basic earnings per shares and weighted average number of equal shares which could have been issued.

(g) Contingent Liabilities

Contingent Liabilities are not provided for and are discussed by way of notes, if any.

(h) Fixed Assets and Liabilities

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and i: the manner specified in Schedule XIV to the Companies Act, 1956.

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Mar 31, 2013

(a) Basis of Accounting

The financial statements are prepared as per historicai cost convention and in accordance wth the generally accepted and accounting principles in India, the provisions of the Companies Act,1956, and the applicable Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956. All income and expenditure having material bearing on the financial statements are recognized on accrual basis.

(b) Use of Estimates

The presentation of financial statements in conformity with the generally accepted accounting principles requires the management to make estimates and assumptions that effect the reported amount of assets and liabilities, revenues and expenses and disclosure of contingent liabilities, Such estimates and assumptions are based on management''s evaluation of relevant facts and circumstances as on the date of financial statements.

(c) Stock in Trade

Stock in trade of shares is valued at cost or market value whichever is lower.

(d) Employees Benefits

These are accounted for on accrual basis.

(e) Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the the Income Tax Act, 1961 The Company adopts full provision basis for deferred tax in accordance with the Accounting Standard-22 on accounting for taxes on income. Deferred tax is recognized subject to the consideration of prudence, on timing difference, being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

(f) Earning per Share

Basic Earning per Share is calculated by dividing the profit after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per shares and weighted average number of equity shares which could have been issued.

(g) Contingent Liabilities

Contingent Liabilities are not provided for and are discussed by way of notes, if any.

(h) Fixed Assets and Liabilities

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and in the manner specified in Schedule XIV to the Companies Act, 1956.

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Mar 31, 2012

(a) Basis of Accounting

The financial statements are prepared as per historical cost convention and in accordance with the generally accepted accounting principles in India'the provisions of the Companies Act'1956'and the applicable - Accounting Standards referred to in Section 211(3C) of the Companies Act'1956. All income and expenditure having material bearing on the financial statements are recognized on accrual basis.

(b) Use of Estimates

The presentation of financial statements in conformity with the generally accepted accounting principles requires the management to make estimates and assumptions that effect the reported amount of assets and liabilities'revenues and expenses and disclosure of contingent liabilities. Such estimates and assumptions are based on management's evaluation of relevant facts and circumstances as on the date of financial statements.

(c) Stock in trade

Stock in trade of shares is valued at market rate.

(d) Employees Benefits

These are accounted for on accrual basis.

(e) Provision for Current and Deferred Tax

Provision for current tax is made after taking into consideration benefits admissible under the provisions of the Income Tax Act'1961. The company adopts full provision basis for deferred tax in accordance with the Accounting Standard-22 on accounting for taxes on income. Deferred tax is recognized subject to the consideration of prudence'on timing difference'being the difference between taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

(f) Earning per Share

Basic Earning per Share is calculated by dividing the profit after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per shares and weighted average number of equity shares which could have been issued.

(g) Contingent Liabilities

Contingent Liabilities are not provided for and are discussed by way of notes'if any.

(h) Fixed Assets and depreciation.

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and in the manner specified in Schedule XIV to the Companies Act'1956.

b) The company has only one class of equity shares having a par value of Rs. 1 per share. Each shareholder is eligible to one vote per paid equity share heW (i.e. in proportion to the paid up shares in equity capital) and ranks pari passu. The Dividend proposed'if any'by the Board of Directors is subject to approval of shareholders in the ensuring Annual General Meeting. The repayment of equity share capital in the event of liquidation and buy back of shares are possible subject to prevalent regulations. In the event of liquidation'normally the equity shareholders are eligible to receive the remaining assets of the company in proportion to their shareholding.

c) The company has neither any holding company nor any subsidiary company.

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Mar 31, 2011

(i) Financial Period

Current Financial Year consists of twelve months starting from 1st April 2010 to 31st March 2011.

(ii) Basis of Preparation of Financial Statements;

(a) The financial statements have been prepared under the historical cost convention in accordance with the normally accepted accounting principles and the provisions of the Companies Act, 1956.

(b) Accounting Policies not specifically referred to otherwise are consistent and in line with generally accepted accounting principles.

(iii) Nature of Business & Revenue Recognition

(a) The Company is dealing in shares and securities for its own and maintained records for same. It maintains a scrip register in which all types of shares purchased and sold are recorded.

(b) All income and expenditure are accounted for on mercantile basis excepts as stated otherwise.

(iv) Fixed Assets and depreciation.

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and in the manner specified in Schedule XIV to the Companies Act, 1956.

(v) Investment

The Company having policies to valued its investment at cost.

(vi) Accounting & Valuation of Inventory:

Inventory of shares is valued at cost price following first-in-first out method.

(vii) Retirement benefits:

The Company having policies of payment of retirement benefit and gratuity on cash basis, where applicable.

(viii) Provision for Current and Deferred Tax:

Provision for Current Tax is made after taking into consideration benefits admissible under the provisions of Income Tax Act, 1961. Deferred tax resulting from "time difference" between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

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Mar 31, 2010

(i) Financial Year

Current Financial Year consists of twelve months starting from 1st April 2009 to 31st March 2010.

(ii) Basis of Preparation of Financial Statements;

(a) The financial statements have been prepared under the historical cost convention in accordance with the normally accepted accounting principles and the provisions of the Companies Act, 1956.

(b) Accounting Policies not specifically referred to otherwise are consistent and in line with generally accepted accounting principles.

(iii) Nature of Business & Revenue Recognisation

(a) The company is dealing in shares and securities for its own and maintained records for same. It maintains a scrip register in which all types of shares purchased and sold are recorded.

(b) All income and expenditure are accounted for on mercantile basis excepts as stated otherwise.

(iv) Fixed Assets and depreciation.

(a) Fixed Assets are stated at cost less Accumulated Depreciation.

(b) Depreciation on Fixed Assets has been provided on Straight Line Method at the rates and in the manner specified in Schedule XIV to the Companies Act, 1956.

(v) Investment

The Company having a policies to valued its investment at cost.

(vi) Accounting & Valuation of Inventory:

Inventory of shares is valued at cost price following first-in-first out method.

(vii) Retirement benefits:

The Company having policies of payment of retirement benefit and gratuity on cash basis, where applicable.

(viii) Contingent Liabilities:

Contingent Liabilities are not provided for and are disclosed by way of notes, if any.

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Mar 31, 2003

(i) Financial Year

Current Financial Year consists of eight months starting from 1 st August 2002 to 31 st March 2003 (ii) Basis of preparation of financial statements;

(a) The financial statements have been prepared under the historical cost convention in accordance with the normally accepted accounting principles and the provisions of the Companies Act, 1956.

(b) Accounting policies not specifically referred to otherwise are consistent and in with generally accepted accounting principles.

(iii) Revenus recognition

All Income and expenditure are accounted for on mercantile basis excepts as stated otherwise.

(iv) Fixed Assets and depreciation.

(a) Fixed Assets are stated at cost less accumulated depreciation.

(b) Depreciation on Fixed Assets has been provided on straight line method at the rates and in the manner specified in schedule XIV to the Companies Act, 1956.

(v) Investment

Investments are stated at cost of acquisition.

(vi) Accounting & Valuation of Inventory:

(a) The company is dealing in shares and securities for its ownself as well as its clients and maintains combined records for both the categories. It maintains a scrip register in which all types of shares purchased and sold are recorded. The Profit or Loss on any scrip purchased/sold without physical delivery are also recorded in the Scrip Register.

(b) The commission received or paid on Purchase/Sale of such share for clients is being added/ deducted from the amount of purchase and sale of such shares by the company

(c) Inventory of shares are valued at cost price following first-in-first out method. (vii) Retirement benefits: -

Company pays retirement and gratuity etc. benefits on cash basis, wherever applicable

(viii) Contingent Liabilities

All known Liabilities wherever material is provided for, and liabilities, which are in dispute, are referred to by way on Notes to the account.

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Jul 31, 2002

(i) Basis of preparation of financial statements;

(a) The financial statements have been prepared under the historical cost convention in accordance with the normally accepted accounting principles and the provisions of the Companies Act, 1956.

(b) Accounting policies not specifically referred to otherwise are consistent and in with generally accepted accounting principles.

(ii) Fixed Assets and depreciation.

(a) Fixed Assets are stated at cost less accumulated depreciation.

(b) Depreciation on Fixed Assets has been provided on straight line method at the rates and in the manner specified in schedule XIV to the Companies Act, 1956.

(iii) Investment

Investments are stated at cost of acquisition.

(iv) Accounting & Valuation of Inventory:

(a) The company is dealing in shares and securities for its ownself as well as its clients and maintains combined records for both the categories. It maintains a scrip register in which all types of shares purchased and sold are recorded. The Profit or Loss on any scrip purchased/sold without physical delivery are also recorded in the Scrip Register.

(b) The commission received or paid on Purchase/Sale of such share for clients is being added/ deducted from the amount of purchase and sale of such shares by the company.

(c) Inventory of shares are valued at cost price following first-in-first out method.

(v) Retirement benefits: -

Company pays retirement and gratuity etc. benefits on cash basis, wherever applicable

(vi) Contingent Liabilities

All known Liabilities wherever material is provided for, and liabilities, which are in dispute, are referred to by way on Notes to the account.