Notes
1. Segments have been identified in line with the Accounting Standard on Segment Reporting (AS-17), taking into account the organization structure as well as the differential risks and returns of these segments.
2 The Company has disclosed business segments as the primary segment.
3 Since the Company provides services in the same economic environment, there are no geographic segments.
4 Figures in Italics are previous year figures.
30. Related Parties Disclosures
Category I : Key Management Personnel & Relative of Directors Key Management Personnel
(1) Mr. Gaurang Gandhi - Managing Director
(2) Mr. Rakesh Bhatia - Chief Financial Officer
(3) Mr. Amit Chandra - Company Secretary
Relative of Directors
(1) Mr. Hemang Gandhi
(2) Mr. Ketan Gandhi
Category - II - Subsidiary Companies
(1) Infinity.com Financial Securities Ltd.
(2) Pioneer Commodity Intermediaries Pvt. Ltd.
(3) Pioneer Money Management Ltd.
(4) Pioneer Investment Advisory Services Ltd.
(5) Pioneer Wealth Management Services Ltd.
(6) Pioneer Fundinvest Pvt. Ltd.
Category - III - Entities under common control
(1) Futuristic Impex Pvt. Ltd.
(2) Pioneer Insurance & Reinsurance Brokers Pvt. Ltd.
(3) Sharp Point Motors & Automobiles Pvt. Ltd.
(4) Symbyosys Integrated Solutions Pvt. Ltd.
(5) Associated Capital Market Management Pvt. Ltd.
(6) Siddhi Portfolio Services Pvt. Ltd.
(7) L.Gordhandas & Co. Clearing Agent Pvt. Ltd.
(8) Benefit Realty Pvt. Ltd.
(9) Festive Multitrade Pvt. Ltd.
1. The Company has taken office premises on operating lease. Lease rents in respect of the same have been charged to Statement of Profit and Loss. The agreements are executed for a period ranging 1 to 3 years with a renewable clause. Some agreements have a clause for a minimum lock-in period. The agreements also have a clause for termination by either party giving a prior notice period between 30 to 90 days. The minimum Lease rentals outstanding as at March 31, 2018, are as under:
2. Provision for Income Tax has been made in the accounts as per the provisions of the Income Tax Act, 1961.
3. During the financial year 2017-18, the Company spent Rs 21,00,000 (previous year Rs. 7,00,000) as per section 135 of the Companies Act 2013 in respect of Corporate Social Responsibility.
4. The Company has not received any intimation from 'suppliers' regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006
5. In the opinion of the Board of Directors and to the best of their knowledge adequate provisions has been made in the accounts for all known liabilities and the current assets, loans and advances have a value on realization in the ordinary course of business.
6. The figures of the previous year are regrouped or reclassified, wherever necessary, to make them comparable with the figures of current year.
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