DM (F©H$ Boim (Ddau: Mavr À (V Y (V Am¡A (D (Z Mos ©

dm{f©H$ boIm {ddaU
ANNUAL STATEMENT OF ACCOUNTS

2018-19
^maVr¶ à{V^y{V Am¡a {d{Z‘¶ ~moS>©

Securities and Exchange Board of India
^maV Ho$ {Z¶§ÌH$-‘hmboImnarjH$ Ûmam {dÎmr¶ {ddaUm| ({OZ‘| em{‘b h¢ -
31 ‘mM©, 2019 VH$ H$s pñW{V Ho$ AZwgma VwbZ-nÌ, Cg VmarI H$mo g‘má df©
Ho$ {bE Am¶-ì¶¶ boIm VWm àm{á Am¡a ^wJVmZ ImVm) H$s boImnarjm H$s JB©&
O¡gm {H$ ^maVr¶ à{V^y{V Am¡a {d{Z‘¶ ~moS>© A{Y{Z¶‘, 1992 H$s Ymam 15(4)
Ho$ VhV Ano{jV h¡, BZ {ddaUm| Ho$ gmW BZH$s boImnarjm [anmoQ>© Ho$ÝÐr¶ gaH$ma
H$mo {ÔdmB© Om ahr h¡, {OÝh| g§gX Ho$ XmoZm| gXZm| Ho$ g‘j àñVwV {H$¶m OmEJm&
The Financial Statements comprising the Balance Sheet as
at 31st March 2019, the Income & Expenditure Statement and
Receipts & Payments Account for the year then ended have
been audited by the Comptroller and Auditor General of India.

As required by Section 15(4) of the Securities And Exchange Board of
India Act 1992, the same along with the Audit Report thereon is being
forwarded to Central Government which shall cause the same to be laid
before each house of the Parliament.

SECURITIES AND EXCHANGE BOARD OF INDIA
31 _mM© 2019 H$mo g_má df© Ho$ dm{f©H$ boIm {ddaU hoVw AZwH«$_{UH$m
INDEX FOR STATEMENT OF ACCOUNTS FOR
THE YEAR ENDED 31ST MARCH 2019
{ddaU n¥ð> g§.
PARTICULARS PAGE NO
31 ‘mM© 2018 H$mo g‘má df© Ho$ {bE ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ boIm| Ho$ g§~§Y ‘| ^maV Ho$
{Z`§ÌH$ Am¡a ‘hmboImnarjH$ H$s n¥WH²$ boImnarjm [anmoQ>©
SEPARATE AUDIT REPORT OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA ON 4
THE ACCOUNTS OF SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) FOR THE YEAR
ENDED 31ST MARCH 2018.
31 ‘mM© 2019 VH$ H$s pñW{V Ho$ AZwgma VwbZ-nÌ 10
BALANCE SHEET AS AT 31ST MARCH 2019
31 ‘mM© 2019 H$mo g‘má df© Ho$ {bE Am`-ì`` boIm 11
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
31 ‘mM© 2019 H$mo g‘má df© Ho$ {bE àm{á Am¡a ^wJVmZ ImVm 12
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
31 ‘mM© 2019 VH$ H$s pñW{V Ho$ AZwgma VwbZ-nÌ H$s ^mJñdê$n AZwgy{M`m±
SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH 2019
1 H$m°n©g/ny±Or {Z{Y / CORPUS/CAPITAL FUND 14
2 Ama{j{V VWm A{Yeof / RESERVES AND SURPLUS 14
3 C{Ôï> {Z{Y`m± / EARMARKED FUNDS 15
4 O_mZVr/J¡a-O_mZVr F$U Am¡a CYma / SECURED/UNSECURED LOANS AND BORROWINGS 15
5 Mmby Xo`VmE± Am¡a àmdYmZ / CURRENT LAIBILITIES AND PROVISIONS 16
6 AMb AmpñV`m± / FIXED ASSETS 19
7 C{Ôï> {Z{Y`m| go {Zdoe / INVESTMENTS - FROM EARMARKED FUNDS 20
8 {Zdoe-AÝ` / INVESTMENTS - OTHERS 20
9 Mmby AmpñV`m±, F$U VWm A{J«_ / CURRENT ASSETS, LOANS and ADVANCES. 21
31 _mM© 2019 H$mo g_má df© Ho$ Am`-ì`` boIo H$s ^mJñdê$n AZwgy{M`m±
SCHEDULES FORMING PART OF INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2019
10 \$sg/A{^XmZ / FEES/ SUBSCRIPTIONS 23
11 {Zdoe go Am` / INCOME FROM INVESTMENTS 24
12 A{O©V ã`mO / INTEREST EARNED 25
13 AÝ` Am` / OTHER INCOME 25
14 ñWmnZm ì`` / ESTABLISHMENT EXPENSES 26
15 AÝ` àemg{ZH$ ì`` Am{X / OTHER ADMINISTRATIVE EXPENSES 27
16 ã¶mO / INTEREST 27
17 nyd© Ad{Y g_m`moOZ / PRIOR PERIOD ADJUSTMENT 28
31 _mM© 2019 H$mo g_má df© Ho$ {dÎmr` {ddaUm| H$s ^mJñdê$n AZwgy{M`m±
SCHEDULES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31ST MARCH 2019
18 _hÎdnyU© boIm Zr{V`m± / SIGNIFICANT ACCOUNTING POLICIES 29
19 AmH$pñ_H$ Xo`VmE± VWm boIm| g§~§Yr {Q>ßn{U`m± /CONTINGENT LIABILITIES AND NOTES TO 36
ACCOUNTS
3
31 ‘mM© 2019 H$mo g‘má df© Ho$ {bE ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ boIm|
Ho$ g§~§Y ‘| ^maV Ho$ {Z`§ÌH$ Am¡a ‘hmboImnarjH$ H$s
n¥WH²$ boImnarjm [anmoQ>©
h‘Zo {Z`§ÌH$ Am¡a ‘hmboImnarjH$ (H$V©ì`, e{º$`m± Am¡a godm H$s eV]) A{Y{Z`‘, 1971 H$s Ymam 19(2) Ho$ gmW n{R>V
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 H$s Ymam 15(2) Ho$ A§VJ©V, 31 ‘mM© 2019 H$mo g‘má df© Ho$ {bE ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ g§b¾ VwbZ-nÌ Am¡a Cgr VmarI H$mo g‘má df© Ho$ {bE Am` Am¡a ì`` boIm / àm{á Am¡a
^wJVmZ boIm H$s boImnarjm H$s h¡ & ò {dÎmr` {ddaU go~r Ho$ à~§YZ H$s {Oå‘oXmar h¢ & h‘mar {Oå‘oXmar AnZr boImnarjm Ho$ AmYma
na, BZ {dÎmr` {ddaUm| na H$moB© ‘V A{^ì`º$ H$aZm h¡ &
2. Bg n¥WH²$ boImnarjm [anmoQ>© ‘| gdm}Îm‘ boIm§H$Z n[anm{Q>`m|, boIm§H$Z ‘mZX§S>m| Am¡a àH$Q>Z ‘mZH$m|, Am{X Ho$ gmW Ho$db
dJuH$aU, g‘ê$nVm Ho$ g§~§Y ‘| boIm§H$Z ì`dhma na ^maV Ho$ {Z`§ÌH$ Am¡a ‘hmboImnarjH$ (grEOr) H$s {Q>ßn{U`m± em{‘b h¢ &
{d{Y, {Z`‘m| Ed§ {d{Z`‘m| (Am¡{MË` Am¡a {Z`{‘VVm) Am¡a {ZînmXZ-gh-H$m`©XjVm nhbwAm| Am{X H$s AZwnmbZm Ho$ g§~§Y ‘| {dÎmr`
g§ì`dhmam| na boImnarjm A{^‘V, `{X H$moB© hmo, n¥WH$ ê$n go {ZarjU [anmoQ>m] / {Z`§ÌH$ Am¡a ‘hmboImnarjH$ H$s boImnarjm [anmoQ>©
Ho$ O[aò àñVwV {H$E OmVo h¢²&
3. h‘Zo AnZr boImnarjm ^maV ‘| Am‘Vm¡a na ñdrH¥$V boImnarjm§H$Z ‘mZX§S>m| Ho$ AZwgma H$s h¡ & BZ ‘mZX§S>m| ‘| `h Ano{jV
h¡ {H$ h‘ Eogr boImnarjm H$s `moOZm ~ZmE§ Am¡a BgH$m {ZînmXZ Bg àH$ma H$a| Vm{H$ Bg ~mao ‘| VH©$g§JV AmœmgZ àmá {H$`m Om
gHo$ {H$ {dÎmr` {ddaU VmpËdH$ AewÜX H$WZm| go ‘wº$ h¢ & {H$gr boImnarjm ‘| {dÎmr` {ddaUm| ‘| YZam{e`m| Am¡a àH$Q>Z H$m g‘W©Z
H$aZo dmbo gmú`m| H$s, narjm AmYma na, Om§M H$aZm em{‘b hmoVm h¡ & {H$gr boImnarjm ‘| à`wº$ boIm§H$Z {gÕm§Vm| Am¡a à~§YZ Ûmam
V¡`ma {H$E Jò ‘hÎdnyU© AZw‘mZm| H$m AmH$bZ Am¡a {dÎmr` {ddaUm| Ho$ g‘J« àñVw{VH$aU H$m ‘yë`m§H$Z H$aZm ^r em{‘b hmoVm h¡ &
h‘| {dœmg h¡ {H$ h‘mar boImnarjm h‘mao ‘V H$mo EH$ VH©$g§JV AmYma àXmZ H$aVr h¡ &
4. AnZr boImnarjm Ho$ AmYma na, h‘ àñVwV H$aVo h¢ {H$:
H$. h‘Zo AnZr gdm}Îm‘ OmZH$mar Am¡a {dœmg Ho$ AZwgma, AnZr boImnarjm Ho$ à`moOZ Ho$ {bE Amdí`H$ g^r gyMZm Am¡a
ñnï>rH$aU àmá H$a {bE h¢
I. Bg [anmoQ>© ‘| em{‘b VwbZ-nÌ, Am` Am¡a ì`` boIm VWm àm{á Am¡a ^wJVmZ boIm ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>
A{Y{Z`‘, 1992 H$s Ymam 15(1) ‘| {XE JE AZwgma, ^maV gaH$ma, {dÎm ‘§Ìmb` Ûmam AZw‘mo{XV àê$n ‘| V¡`ma {H$E
JE h¢
J. h‘mao ‘V go, Ohm± VH$ Eogr ~{h`m| H$s h‘mar Om±M go àVrV hmoVm h¡ {H$ ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 H$s Ymam 15(2) Ho$ A§VJ©V `WmAno{jV C{MV boIm~{h`m| Am¡a AÝ`
àmg§{JH$ A{^boIm| H$mo ~ZmE aIm h¡
5. h‘ `h ^r àñVwV H$aVo h¢ {H$ n¥WH²$ boImnarjm [anmoQ>© ‘| em{‘b Z H$s JB© H${‘`m± CnMmamË‘H$ / gwYmamË‘H$ H$ma©dmB© Ho$ {bE
n¥WH$ ê$n Omar {H$E JE à~§YZ nÌ Ho$ ‘mÜ`‘ go go~r Ho$ Ü`mZ ‘| bmB© JB© h¢ &
6. h‘ `h àñVwV H$aVo h¢ {H$ Bg [anmoQ>© ‘| em{‘b VwbZnÌ Am¡a Am`-ì`` g§~§Yr boIo boIm-~{h`m| Ho$ AZwê$n h¢ &
4
Separate Audit Report of the Comptroller & Auditor General of India on
the Accounts of Securities and Exchange Board of India (SEBI) for the
year ended 31st March 2019
We have audited the attached Balance Sheet of Securities and Exchange Board of India (SEBI] for the year
ended 31 March 2019 and the Income and Expenditure Account / Receipts & Payments Account for the year ended
on that date under Section 19 (2) of the Comptroller & Auditor General’s (Duties, Power & Conditions of Service) Act,
1971 read with Section 15 (2) of the Securities and Exchange Board of India Act, 1992. These financial statements are
the responsibility of the management of SEBI. Our responsibility is to express an opinion on these financial statements
based on our audit.
2. This Separate Audit Report contains the comments of the Comptroller and Auditor General of India (CAG) on
the accounting treatment only with regard to classification, conformity with the best accounting practices, accounting
standards and disclosure norms, etc. Audit observations on financial transactions with regard to compliance with the
Law, Rules & Regulations (Propriety and Regularity) and efficiency-cum-performance aspects, etc., if any, are reported
through Inspection Reports/CAG’s Audit Report separately.
3. We have conducted our audit in accordance with auditing standards generally accepted in India. These standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatements. An audit includes examining, on test basis, evidences supporting the amounts and
disclosure in the financial statements. An audit also includes assessing the accounting principles used and significant
estimates made by management as well as evaluating the overall presentation of financial statements. We believe that
our audit provides a reasonable basis for our opinion.
4. Based on our audit, we report that:
a. We have obtained all the information and explanations, which to the best of our knowledge and belief were
necessary for the purpose of our audit
b. The Balance Sheet, Income and Expenditure Account and Receipts and Payments Account dealt with by
this report have been drawn up in the format approved by the Government of India, Ministry of Finance as
stated under Section 15 (1) of the Securities and Exchange Board of India Act, 1992
c. In our opinion, proper books of accounts and other relevant records have been maintained by the Securities
and Exchange Board of India as required under Section 15 (2) of the Securities and Exchange Board of
India Act, 1992 in so far as it appears from the examination of such books.
5. We further report that deficiencies, which have not been included in the Separate Audit Report, have been
brought to the notice to SEBI through a Management Letter issued separately for remedial action.
6. We report that the Balance Sheet and Income and Expenditure Account dealt with by this report are in agreement
with the books of accounts.
5
7. h‘mao ‘V go Am¡a h‘mar gdm}Îm‘ gyMZm VWm h‘| {XE JE ñnï>rH$aUm| Ho$ AZwgma, boImH§$Z Zr{V`m| Am¡a boIm {Q>ßn{U`m| Ho$
gmW n{R>V H${WV {dÎmr` {ddaU, Am¡a Cº$ ‘hÎdnyU© ‘m‘bm| Ho$ AÜ`YrZ Am¡a Bg boImnarjm Ho$ AZw~§Y I ‘| C{„pIV
AÝ` ‘m‘bo ^maV ‘| Am‘Vm¡a na ñdrH¥$V boImH§$Z {gÕm±Vm| Ho$ AZwê$n ghr Am¡a {Zînj Ñ{ï>H$moU àH$Q> H$aVo h¢:
H$. Ohm± VH$ BgH$m g§~§Y 31 ‘mM©, 2019 H$s pñW{V Ho$ AZwgma ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$ ‘m‘bm| H$s pñW{V
g§~§Yr VwbZ-nÌ go h¡; Am¡a
I. Ohm± VH$ BgH$m g§~§Y Cg VmarI H$mo g‘má df© Ho$ {bE ì`` H$s VwbZm ‘| A{YH$ Am` Ho$ Am`-ì`` g§~§Yr boIo go
h¡ &
H¥$Vo Am¡a Amoa go

^maV Ho$ {Z`§ÌH$-‘hmboImnarjH$
h. /-
(nr.dr. h[a H¥$îUm)
àYmZ {ZXoeH$, dm{UpÁ`H$ boImnarjm Ed§
nXoZ gXñ`, boImnarjm ~moS©> - H$, ‘w§~B©
ñWmZ : ‘w§~B©
VmarI : 05.11.2019
AñdrH$aU: n¥WH$ boImnarjm Ho$ qhXr AZwdmX ‘| `{X H$moB© {dg§J{V n[ab{jV hmoVr h¡ Vmo A§J«oOr ‘| Omar à{VdoXZ ‘mÝ` hmoJm &
6
7. In our opinion and to the best of our information and according to the explanations given to us, the said financial
statements read together with the Accounting Policies and Notes to Accounts, and subject to the significant
matters stated above and other matters mentioned in Annexure-I to this Audit Report give a true and fair view in
conformity with accounting principles generally accepted in India:
a. In so far as it relates to Balance Sheet, of the state of affairs of the Securities and Exchange Board of India
as at 31st March 2019 and
b. In so far as it relates to Income and Expenditure Account of the Excess of Income over Expenditure for the
year ended on that date.
For and on the behalf of the

Comptroller & Auditor General of India
(P V Hari Krishna)
Principal Director of Commercial Audit and
Ex-officio Member Audit Board-I, Mumbai
Place :Mumbai
Date: 05.11.2019
7
AZw~§Y - I$
1. Am§V[aH$ boImnarjm H$s n`m©áVm
go~r H$s Am§V[aH$ boImnarjm àUmbr n`m©á h¡ & df© 2018-19 H$s Am§V[aH$ boImnarjm nyar H$a br JB© h¡ &
2. Am§V[aH$ {Z`§ÌU àUmbr H$s n`m©áVm

Am§V[aH$ {Z`§ÌU àUmbr gm‘mÝ` ê$n go n`m©á h¡ &
3. AMb AmpñV`m| Ho$ ^m¡{VH$ gË`mnZ H$s àUmbr

df© 2018-19 Ho$ {bE AMb AmpñV`m| Ho$ ^m¡{VH$ gË`mnZ H$m H$m`© nyam hmo J`m h¡&
4. dñVw gyMr Ho$ ^m¡{VH$ gË`mnZ H$s àUmbr

df© 2018-19 H$s dñVw gyMr O¡go {H$ ~{h`m± Am¡a àH$meZ, nÌ boIZ gm‘J«r Am¡a AÝ` Cn^moÁ` dñVwAm| H$m ^§S>ma Ho$ ^m¡{VH$
gË`mnZ H$m H$m`© nyam hmo J`m h¡ &
5. gm§{d{YH$ Xoàm{e`m| Ho$ ^wJVmZ H$s {Z`{‘VVm

go~r gm§{d{YH$ XoZXm[a`m| H$m {Z`{‘V ê$n go ^wJVmZ / Q>rS>rEg H$m {dàofU H$aVm h¡ &
Cn-{ZXoeH$
ñWmZ : ‘w§~B©
VmarI : 05.11.2019
8
Annexure-I
1. Adequacy of the internal audit system.

The internal audit system in SEBI is adequate. Internal Audit for the year 2018-19 completed.
2. Adequacy of the internal control system.

Internal control system is adequate in general.
3. System of Physical verification of fixed assets

The physical verification of the fixed assets for the year 2018-19 was completed.
4. System of Physical verification of Inventory.

The physical verification of Inventory like Books and Publication, Stock of paper stationery and other
consumables for the year 2018-19 was completed.
5. Regularity in payment of statutory dues.

SEBI regular in payment of statutory dues/remitting TDS.
Deputy Director
Place: Mumbai
Dated: 05/11/2019
9
31 ‘mM©, 2019 VH$ H$s pñW{V Ho$ AZwgma VwbZ-nÌ
BALANCE SHEET AS AT 31ST MARCH 2019
(H$amo‹S> `‘| /` in Crore)
31 ‘mM© 2019 31 ‘mM© 2018
{ddaU AZwgyMr VH$ H$s pñW{V Ho$ VH$ H$s pñW{V Ho$
PARTICULARS Sch. AZwgma AZwgma
As at As at
31-MAR-2019 31-MAR-2018
H$m°n©g/ny±Or {Z{Y Am¡a Xo`VmE±/CORPUS/CAPITAL FUND AND LIABILITIES
H$m°n©g / ny±Or {Z{Y / CORPUS/CAPITAL FUND 1 4,075.49 3,606.24
Ama{j{V`m± Am¡a A{Yeof / RESERVES AND SURPLUS 2 - -
C{Ôï> {Z{Y`m± / EARMARKED FUNDS 3 139.16 131.80
O‘mZVr / J¡a-O‘mZVr F$U Am¡a CYma / 4 - -

SECURED / UNSECURED LOANS AND BORROWINGS
Mmby Xo`VmE± Am¡a àmdYmZ / 5 299.19 197.31
CURRENT LIABILITIES AND PROVISIONS
Hw$b / TOTAL 4,513.83 3,935.35
AmpñV`m± / ASSETS
AMb AmpñV`m± / FIXED ASSETS 6 1,631.28 692.14
{Zdoe - C{Ôï> {Z{Y`m| go / 7 261.02 163.99

INVESTMENTS-FROM EARMARKED FUNDS
{Zdoe - AÝ` / INVESTMENTS -OTHERS 8 1,424.00 1,738.73
Mmby AmpñV`m±, F$U Am¡a A{J«‘ / 9 1,197.53 1,340.49

CURRENT ASSETS, LOANS AND ADVANCES
{d{dY ì`` / MISCELLANEOUS EXPENDITURE - -
(Ohm± VH$ ~Å>o ImVo Z S>mbo JE hm| `m g‘m`mo{OV Z {H$E JE hm|)

(to the extent not writtern off or adjusted)
Hw$b / TOTAL 4,513.83 3,935.35
‘hÎdnyU© boIm Zr{V`m± / SIGNIFICANT ACCOUNTING POLICIES 18
AmH$pñ‘H$ Xo`VmE± Am¡a boIm| g§~§Yr {Q>ßn{U`m± / 19

CONTINGENT LIABILITIES AND NOTES TO ACCOUNTS
g§Vmof Hw$‘ma e‘m©/ SANTOSH KUMAR SHARMA H¥$Vo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>
‘w»` {dÎmr` A{YH$mar / CHIEF FINANCIAL OFFICER For SECURITIES AND EXCHANGE BOARD OF INDIA
ñWmZ/ Place : ‘w§~B©/ MUMBAI Eg. adrÝÐZ / S RAVINDRAN AO` Ë`mJr /AJAY TYAGI
VmarI/ Date : 27-06-2019 H$m`©nmbH$ {ZXoeH / EXECUTIVE DIRECTOR AÜ`j / CHAIRMAN
10
31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE Am¶-ì¶¶ boIm
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2019
(H$amo‹S> `
‘| /` in Crore)
31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
{ddaU AZwgyMr g‘mßV df© g‘mßV df©
PARTICULARS Sch. Year Ended Year Ended
31-MAR-2019 31-MAR-2018
Am` / INCOME
’$sg / A{^XmZ / FEES / SUBSCRIPTIONS 10 750.14 624.44
{Zdoem| go Am` / INCOME FROM INVESTMENTS 11 180.66 207.09
A{O©V ã`mO / INTEREST EARNED 12 15.35 13.36
AÝ` Am` / OTHER INCOME 13 17.44 9.89
Hw$b (H$) / TOTAL (A) 963.59 854.78
ì`` / EXPENDITURE
ñWmnZm ì`` / ESTABLISHMENT EXPENSES 14 293.15 243.67
AÝ` àemg{ZH$ ì`` / OTHER ADMINISTRATIVE EXPENSES 15 131.03 121.42
ã`mO / INTEREST 16 0.02 0.01
‘yë`õmg Am¡a H«${‘H$ AnmH$aU / 68.14 49.36

DEPRECIATION AND AMORTISATION
Hw$b (I) / TOTAL (B) 492.34 414.46
eof - ì`` go Am` Ho$ Am{YŠ` Ho$ ê$n ‘| (H$ - I) / 471.25 440.32
BALANCE BEING EXCESS OF INCOME OVER EXPENDITURE (A-B)
Omo‹S>|/(KQ>mE±) : nyd© Ad{Y g‘m`moOZ 17 (2.00) (4.36)
ADD/(LESS):PRIOR PERIOD ADJUSTMENT
eof - A{Yeof Ho$ ê$n ‘| AmJo bo OmE JE 469.25 435.96
BALANCE BEING SURPLUS CARRIED FORWARD
‘hÎdnyU© boIm Zr{V`m± 18
SIGNIFICANT ACCOUNTING POLICIES
AmH$pñ‘H$ Xo`VmE± Am¡a boIm| g§~§Yr {Q>ßn{U`m± /
CONTINGENT LIABILITIES AND NOTES TO ACCOUNTS 19
11
31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE àm{á Am¡a ^wJVmZ ImVm
(H$amo‹S> `
‘|/` in Crore)
31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
H«$. g§. g‘má df© g‘má df©
Sr. àm{á`m± / RECEIPTS Year Ended Year Ended
No.
31-MAR-2019 31-MAR-2018
I. àma§{^H$ eof / Opening Balance
ZH$Xr eof / CJmhr g§~Õ MoH$ / Cash/Cheques in hand 7.98 5.82
~¢H$ ‘| eof / Bank Balances
~¢H$ eof go A{YH$ {ZH$mbr JB© am{e / Overdrawn Bank balances - -
Mmby / ~MV ImVm| ‘| / in Current/Saving accounts 83.45 68.55
II. {ZåZ{bpIV go {Zdoe na Am` / Income on Investment from
C{Ôï> {Z{Y - AmB©nrB©E’$ / Earmarked Fund-IPEF 11.41 7.81
C{Ôï> {Z{Y - àË`n©U / Earmarked Fund-Disgorgement 0.76 -
III. àmá ã`mO / Interest Received
O‘mam{e`m| na / On deposits 188.40 110.39
F$U, A{J«‘ Am{X / Loans, Advances, etc 2.53 1.72
AÝ` ã`mO / Other Interest 5.66 6.61
IV. AÝ` Am` / Other Income
a{OñQ´rH$aU ’$sg / Registration Fees 201.85 193.97
dm{f©H$ ’$sg / Annual fees 93.33 96.35
AmdoXZ ’$sg / Application Fees 4.67 8.19
ZdrH$aU ’$sg / Renewal fees 55.34 42.09
àñVmd XñVmdoO XmpIb H$aZo hoVw ’$sg / Filing Fees for offer documents 349.50 250.63
A{YJ«hU (Q>oH$Amoda) {d{Z`‘m| Ho$ VhV ’$sg (Aà`moÁ`Vm Ed§ AmdoXZ) / 9.89 12.86
Fees for Takeover regulations (Non applicability & Application)
gyMr~ÕVm ’$sg go g§~§{YV A§eXmZ / Listing Fees Contributions 23.78 19.29
AZm¡nMm[aH$ ‘mJ©Xe©Z ñH$s‘ / gyMZm H$m A{YH$ma A{Y{Z`‘ Ho$ VhV ’$sg / 0.08 0.10
Fees under Informal Guidance Scheme / RTI Act
V H$moB© AÝ` àm{á`m± / Any other receipts
{d{dY Am` / Miscellaneous Income 4.49 1.70
^maV gaH$ma H$mo Xo` empñV`m± - Ý`m`{ZU©`Z / 15.81 12.99
Penalties Remittable to Government of India-Adjudication
{Zdoe gr‘m (E’$ AmB© AmB©) Ho$ Am~§Q>Z hoVw ~mobr ’$sg - Xo` / 1.47 70.26
Bidding Fees for Allocation of Investment Limit (FPI) remittable
^maV gaH$ma H$mo Xo` empñV`m± - {ZnQ>mao / e‘Z g§~§Yr à^ma / 45.35 33.89
Penalties Remittable to Government of India-Settlement/Compounding charges
^maV gaH$ma H$mo Xo` empñV`m| na àmá ã`mO - {ZnQ>mZ / 0.27 0.25
Interest Recd on Penalties Remittable to Government of India-Settlement
Ý`m`{ZUm©`H$ A{YH$mar (EAmo) Ûmam bJmB© JB© empñV`m| H$s Omo aH$‘ gmd{Y O‘mAmo| ({’$ŠgS> {S>nm°{OQ>) - -
‘| aIr JB©, Cg na àmá ã`mO / Interest Recd on AO penalties invested in Fixed Deposits.
dgybr H$m`©dm{h`m± / Recovery Proceedings 128.55 50.12
Aënmd{YH$ O‘mAm| ({S>nm°{µOQ>) na àmá ã`mO - dgybr H$m`©dm{h`m± 1.90 -
Interest recd on Short term deposit Recovery Proceedings
Ý`m`{ZUm©`H$ A{YH$mar Ûmam bJmB© JB© empñV`m| H$s aH$‘ - Omo aI br JB© / {OgH$m gmd{Y O‘mAm| 5.66 -
‘| {Zdoe {H$`m J`m / AO Penalties Retained/ Invested in Fixed Deposit
CÀMV‘ Ý`m`mb` Ho$ AmXoemZwgma O‘m ({S>nm°{OQ>) / Deposit as per Supreme Court Order - -
CÀMV‘ Ý`m`mb` Ho$ AmXoemZwgma O‘mam{e ({S>nm°{OQ>) na ã`mO / 1.77 2.23
Interest on Deposit as per Supreme Court Order
à{V^y{V Anrbr` Ý`m`m{YH$aU Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e ({S>nm°{OQ>) / - 0.54
Deposit pursuant to SAT Order
nÅ>m {H$amE / Lease Rentals 8.43 6.77
AmpñV`m| (AgoQ²g) H$s {~H«$s / Sale of Assets 0.58 0.74
{d{dY boZXma / Increase Sundry Creditors 24.64
A{J«‘m| (A{J«‘m| ‘| H$‘r) / Advances (decrease in Advances) 9.98 -
O‘mam{e`m± - {d{dY njH$ma Am¡a n[aga
{ZåZ{bpIV hoVw àmá {Z{Y -/Deposit Sundry Parties and Premises funds received towards -
{ZdoeH$ g§ajU Am¡a {ejU {Z{Y / Investor Protection Education Fund 7.88 28.29
àË`n©U {Z{Y / Disgorgement Fund - 4.84
Hw$b / TOTAL 1,270.77 1,061.64
g§Vmof Hw$‘ma e‘m©/ SANTOSH KUMAR SHARMA

‘w»` {dÎmr` A{YH$mar / CHIEF FINANCIAL OFFICER
ñWmZ/ Place : ‘w§~B©/ MUMBAI
VmarI/ Date : 27-06-2019
12
31 ‘mM©, 2019 H$mo g‘má df© Ho$ {bE àm{á Am¡a ^wJVmZ ImVm
H«$. 31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
g§. ^wJVmZ g‘má df© g‘má df©
Sr. PAYMENTS Year Ended Year Ended
No. 31-MAR-2019 31-MAR-2018
I. ì`` / Expenses
ñWmnZm ì`` / Establishment Expenses 287.47 242.87
àemg{ZH$ ì`` / Administrative Expenses 132.92 127.92
ã`mO / Interest 0.02 0.01
AmB©nrB©E’$ ì`` / IPEF Expenses 9.81 33.84
II. {H$E JE {Zdoe Am¡a O‘mE± / Investments and deposits made
AnZr {Z{Y`m| ‘| go ({Zdoe - AÝ`) / Out of own Funds (Investment -Others) (344.73) 66.73
C{Ôï> {Z{Y`m| ‘| go / Out of Earmarked Funds 97.03 39.11
EbAmB©gr Ho$ nmg O‘m - CnXmZ Ed§ Nw>{Å>`m| Ho$ ZH$XrH$aU hoVw / 3.63 34.42
Deposit with LIC for Gratuity & Leave Encashment
O‘m ({S>nm°{µOQ>) - Ý`m`{ZUm©`H$ A{YH$mar Ûmam bJmB© JB© empñV`m± (AmpñV) / - -
Deposit- AO Penalties (Asset)
CƒV‘ Ý`m`mb` Ho$ AmXoemZwgma O‘m ({S>nm°{OQ>) / Deposit as per Supreme Court Order 1.77 2.23
III. AMb AmpñV`m| Ed§ à{H«$`mYrZ ny±OrJV H$m`© g§~§Yr ì`` /
Expenditure on Fixed Assets & Capital Work-in-Progress
AMb AmpñV`m| H$s IarX / Purchase of Fixed Assets 818.43 230.91
à{H«$`mYrZ ny±OrJV H$m`© g§~§Yr ì`` / Expenditure on Capital Work in progress 12.33 19.54
IV. amï´>r` à{V^y{V ~mOma g§ñWmZ (EZAmB©EgE‘) H$mo ny±OrJV A{J«‘ / - -
Capital Advance to (National Institute of Securities Market (NISM)
V AÝ` ^wJVmZ / Other Payments
ñQ>m’$ F$U (ewÕ) / Staff Loan (Net) 16.63 23.15
^maV gaH$ma H$mo ôOr JB© empñV`m± Ý`m`{ZU©`Z (ã`mO g{hV) / 15.96 13.23
Penalties Remitted to Government of India-Adjudication (including interest)
{Zdoe gr‘m (E’$ AmB© AmB©) Ho$ Am~§Q>Z hoVw ~mobr ’$sg / 1.47 70.26
Bidding Fees for Allocation of Investment Limit (FPI) remitted
O‘mam{e`m± - {d{dY njH$ma Am¡a n[aga / Deposits - Sundry Parties and Premises 0.35 3.13
^maV gaH$ma H$mo ôOr JB© empñV`m± - {ZnQ>mao / e‘Z g§~§Yr à^ma / 45.35 33.89
Penalties Remitted to Government of India-Settlment/Compounding charges
Ý`m`{ZUm©`H$ A{YH$mar Ûmam bJmB© JB© empñV`m± - Omo ^maV gaH$ma H$mo ôOr JBª / - 0.25
AO Penalties remitted to Govt of India
bm¡Q>mB© JB© empñV`m± / Penalties refunded 0.11 -
dgybr H$m`©dm{h`m± - ^maV gaH$ma H$mo ôOr JB© aH$‘ / Recovery proceedings remittted to Govt of India 7.40 18.80
dgybr H$m`©dm{h`m± - bm¡Q>mB© JB© aH$‘ ([a’§$S>) / AÝ` ^wJVmZ / 0.47 4.03
Recovery Proceedings refund /other payments
VmbwH$Xma g{‘{V H$mo A§V[aV (Q´m§g’$a) H$s JB© dgybr H$s aH$‘ / 1.31
Recoveries transferred to Talukdar committee
à{V^y{V Anrbr` Ý`m`m{YH$aU Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e ({S>nm°{OQ>) / - 1.04
Deposit pursuant to SAT Order
{d{dY boZXma / Decrease in Sundry Creditors 14.04 -
A{J«‘m| H$m ^wJVmZ (A{J«‘m| ‘| d¥{Õ) / Payment of Advances (Increase in Advances) - 4.85
à{V^y{V O‘m H$m ^wJVmZ godm H$a / Payment of Security deposit -Service Tax 9.77
EZgrE’$B© ‘| A{^XmZ (gãg{H«$ßeZ) / Subscription to NCFE 30.00
VI A§{V‘ eof / Closing Balances
ZH$Xr / CJmhr g§~Õ MoH$ / Cash/Cheques in hand 0.58 7.98
~¢H$ ‘| eof / Bank Balances
~¢H$ eof go A{YH$ {ZH$mbr JB© am{e / Overdrawn Bank balances - -
Mmby / ~MV ImVm| ‘| / In Current/Saving accounts 108.65 83.45
Hw$b / TOTAL 1,270.77 1,061.64
H¥$Vo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>

For SECURITIES AND EXCHANGE BOARD OF INDIA
Eg. adrÝÐZ / S RAVINDRAN AO` Ë`mJr /AJAY TYAGI

H$m`©nmbH$ {ZXoeH /EXECUTIVE DIRECTOR AÜ`j / CHAIRMAN
13
31 ‘mM©, 2019 VH$ H$s pñW{V Ho$ AZwgma VwbZ-nÌ H$s ^mJñdê$n AZwgy{M¶m±
(H$amo‹S> ` ‘| /` in Crore)
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
{ddaU pñW{V Ho$ AZwgma pñW{V Ho$ AZwgma
PARTICULARS As at As at
31-MAR-2019 31-MAR-18
AZwgyMr 1 / SCHEDULE 1
H$m°n©g / ny±Or {Z{Y / CORPUS/ CAPITAL FUND
H$m°n©g {Z{Y / Corpus Fund
df© Ho$ Ama§^ ‘| eof / Balance as at the beginning of the year - 7.50
Omo‹S>| : H$m°n©g {Z{Y hoVw A§eXmZ /

- -
Add : Contributions towards Corpus Funds
KQ>mE±: gmYmaU {Z{Y ‘| A§V[aV (Q´m§g’$a) H$s JB© aH$‘ /
7.50
Less: Transferred to General Fund
df© Ho$ A§V ‘| eof / Balance as at the year end - -
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$s gmYmaU {Z{Y /

SEBI' General Fund
Ad{Y Ho$ Ama§^ ‘| eof 3,606.24 3,162.78
Balance as at the beginning of the period
Omo‹S>| : H$m°n©g {Z{Y go A§V[aV (Q´m§g’$a) H$s JB© aH$‘ 7.50
Add : Transferred from Corpus Funds
Omo‹S>| / (KQ>mE±) : {Zdb Am` / (ì``) H$m eof- Am`-ì`` boIo
go A§V[aV
dd / (Deduct) : Balance of net Income / (expenditure)
A
transferd from Income & Expenditure Account 469.25 435.96
df© Ho$ A§V ‘| eof / Balance as at the year end 4,075.49 3,606.24
Hw$b / TOTAL 4,075.49 3,606.24
Ama{j{V VWm A{Yeof / RESERVE AND SURPLUS
F$U-emoYZ {Z{Y / Sinking Fund
{nN>bo boIo Ho$ AZwgma / As per last Account - -
Omo‹S>| : C{Ôï> {Zdoe go Am`/

- -
Add: Income from Earmarked Investment
KQ>mE± : Am`-ì`` boIo ‘| A§VaU
Less: Transfer to Income & Expenditure Account
Hw$b / TOTAL
14
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s

31-MAR-2019 31-MAR-18
C{Ôï> {Z{Y`m± / EARMARKED FUNDS
H$) {ZdoeH$ g§ajU Am¡a {ejU {Z{Y :
A) Investor Protection & Education Fund:
àma§{^H$ eof (H$) / Opening Balance (A) 121.30 115.53
{Z{Y ‘| O‘m / Additions to the Fund
{Zdoe go Am` (AZwgyMr 11) 8.63 8.00
Income from Investments (Schedule 11)
AÝ` àm{á`m± / Other Receipts 7.88 28.29
Hw$b (I) / Total (B) 16.51 36.29
{Z{Y H$m Cn`moJ / Utilisation of Fund
AmB©nrB©E’$ {Z{Y go {H$E JE ì`` (J) 30.53
Expenses incurred from IPEF Fund (C) 9.95
{Zdb eof (H$+I-J) / Net Balance (A+B-C) 127.87 121.30
I) àË`n©U {Z{Y / B) Disgorgement Fund
àma§{^H$ eof (H$) / Opening Balance (A) 10.50 5.51
{Z{Y ‘| O‘m / Additions to the Fund
{Zdoe go Am` (AZwgyMr 11)
0.79 0.15
Income from Investments (Schedule 11)
AÝ` àm{á`m± / Other Receipts - 4.84
Hw$b (I) / Total (B) 0.79 4.99
{Z{Y H$m Cn`moJ / Utilisation of Fund
{ZdoeH$m| H$mo nwZ: Am~§{Q>V am{e
- -
Amount re-allocated to Investors
nwZ: Am~§Q>Z ì``/ Re-allocation Expenses - -
Hw$b (J) / Total (C) - -
{Zdb eof (H$+I-J) / Net Balance (A+B-C) 11.29 10.50
Hw$b / TOTAL 139.16 131.80
O‘mZVr / J¡a-O‘mZVr F$U Am¡a CYma : - -
SECURED/UNSECURED LOANS AND BORROWINGS :
Hw$b / TOTAL - -
15
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s

31-MAR-2019 31-MAR-18
Mmby Xo`VmE± Am¡a àmdYmZ /
CURRENT LIABILITIES AND PROVISIONS
H$) Mmby Xo`VmE±

A) CURRENT LIABILITIES
1 {d{dY boZXma / 1 Sundry Creditors
H$) ny±Or hoVw / a) For Capital 17.73 38.82
I) AÝ` / b) Others 31.63 49.36 38.91 77.73
2 àmá A{J«‘ / 2 Advance Received 0.15 0.71
3 H$mZyZr Xo`VmE± / 3 Statutory Liabilities

H$) A{VXo` a) Overdue - -
I) AÝ`/ b) others 3.90 12.30
3.90 12.30
4 AÝ` Mmby Xo`VmE± / 4 Other Current Liablities :
H$) à{V^y{V Anrbr` Ý`m`m{YH$aU Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e`m± 10.64 10.08
a) Deposits pursuant to SAT Order
KQ>mE± : gmd{Y O‘mAm| ‘| n‹S>r am{e
Less : Amount in Fixed Deposits 10.42 9.86
(AZwgyMr 19 H$m {Q>ßnU g§.15 XoI|) 0.22 0.22
(Refer Note no.15 of Schedule 19)
I) JmoëS>Z ’$m°aoñQ>g² (B§) {b. ({ZOr [agrda) 0.43 0.41

b) Golden Forest (I) Ltd. (Private Receiver)
KQ>mE± : ~¢H$ ‘| n‹S>r am{e 0.43 0.41
Less : Amount lying in Bank
(AZwgyMr 19 H$m {Q>ßnU g§. 23I XoI|) - -
(Refer Note no. 23 b of Schedule 19)
16
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
31-MAR-2019 31-MAR-18
J) Ý`m`{ZUm©`H$ A{YH$mar Ûmam bJmB© JB© empñV`m| H$s aH$‘-Omo
aI br JB© / {OgH$m gmd{Y O‘mAm| ‘| {Zdoe {H$`m J`m 6.78 1.12
c) AO Penalties Retained/ Invested in Fixed Deposit
KQ>mE± : gmd{Y O‘m - Ý`m`{ZUm©`H$ A{YH$mar Ûmam bJmB© JB©
empñV`m± (AmpñV)
Less : Fixed Deposit- AO Penalties (Asset) - -
6.78 1.12
K) {ZnQ>mZ à^ma (Eg~rAmB© ImVm) - -
d) Settlment Charges (SBI A/C)
L>) CƒV‘ Ý`m`mb` Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e`m± 35.35 33.38
e) Deposit persuant to Supreme Court Order
KQ>mE± : gmd{Y O‘mAm| ‘| n‹S>r aH$‘
Less : Amount in Fixed Deposits 35.35 33.38
- -
M) Mmby / ~MV ImVm| ‘| n‹S>r am{e go Á`mXm {ZH$mbr JB© am{e - -
f) Overdrawn Bank balances In Current/Savings Accounts
N>) AÝ` Xo`VmE± / g) Other Liabilities 210.61 89.08
Hw$b (H$) / TOTAL (A ) 271.03 181.17
I) àmdYmZ / B) PROVISIONS
1 CnXmZ / Gratuity
àgw{dYm ~mÜ`Vm H$m dV©‘mZ ‘yë`
86.30 78.01
Present value of Benefit Obligation
KQ>mE± : `moOZmJV AmpñV`m| (ßbmZ AgoQ²g) H$m C{MV ‘yë`
82.16 74.25
Less : Fair value of plan assets
KQ>mE± : J¡a-A{^kmV nyd© godm bmJV
Less : Unrecognised past service cost - 4.14 - 3.76
(AZwgyMr 19 H$m {Q>ßnU g§. 7 XoI|)
(Refer Note no. 7 of Schedule 19)
17
(H$amo‹S> `
‘| /` in Crore)
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
31-MAR-2019 31-MAR-18
2 Nw>{Å>`m| H$m ZH$XrH$aU (Nw>{Å>`m± ^wZmZm)/ Leave Encashment
àgw{dYm ~mÜ`Vm H$m dV©‘mZ ‘yë`
100.21 89.89
Present value of Benefit Obligation
KQ>mE± : `moOZmJV AmpñV`m| (ßbmZ AgoQ²g) H$m C{MV ‘yë`
Less : Fair value of plan assets 91.96 8.25 89.57 0.32
3 AÝ` / OTHERS
à{V{Z`wº$ ì`{º$`m| hoVw n|eZ
- -
Pension to Deputationist
Nw>Å>r doVZ A§eXmZ - à{V{Z`wº$ ì`{º$`m| hoVw
0.01 0.02
Leave Salary Contribution-Deputationist
^{dî` {Z{Y (AZwgyMr 19 H$m {Q>ßnU g§. 8 XoI|)
11.51 4.22
Provident Fund (Refer Note 8 of Schedule 19)
{M{H$Ëgm ghm`Vm {Z{Y / Medical Asst Fund 4.24 3.61
nwñVH$ AZwXmZ / Book Grant - 1.05
{M{H$Ëgm ’$m`Xo / Medical Benefits - 3.16
15.77 12.06
Hw$b (I) / TOTAL (B ) 28.16 16.14
Hw$b (H$ + I) / TOTAL (A + B) 299.19 197.31
18
AZwgyMr 6 … AMb AmpñV¶m±
SCHEDULE 6 : FIXED ASSETS (H$amo‹S> ` ‘| /` in Crore)
gH$b ãbm°H$ / G R O S S B L O C K ‘yë`õmg/ D E P R E C I A T I O N {Zdb ãbm°H$ /
NETBLOCK
df© H$s ewéAmV df© Ho$ A§V
‘| bmJV/ df© Ho$ Xm¡amZ df© Ho$ Xm¡amZ ‘| bmJV / df© H$s df© Ho$ Xm¡amZ df© Ho$ A§V ‘| Mmby df© Ho$ {nN>bo df© Ho$
{ddaU / DESCRIPTION ‘yë`m§H$Z n[adY©Z H$Q>m¡{V`m± ewéAmV ‘| df© Ho$ Xm¡amZ H$Q>m¡Vr na Hw$b A§V ‘| A§V ‘|
COST
‘yë`m§H$Z AS AT THE ON
ADDITIONS COST/ DURING TOTAL UP AS AT THE AS AT THE
VALUATION DEDUCTIONS BEGINNING THE YEAR DEDUCTION
DURING VALUATION TO THE CURRENT PREVIOUS
AS AT DURING OF DURING
THE YEAR AT THE YEAR END YEAR-END YEAR-END
BEGINNING THE YEAR THE YEAR THE YEAR
YEAR END
OF THE YEAR
‘yV© AmpñV`m± / TANGIBLE ASSETS
1 ^y{‘ / Land
nyU© ñdm{‘Ëd dmbr ^y{‘/ Freehold Land 42.25 14.56 0.00 56.81 0.00 0.01 0.00 0.01 56.80 42.25
nÅ>odmbr ^y{‘ / Leasehold Land 48.09 805.09 0.00 853.18 3.71 11.69 0.00 15.40 837.78 44.38
2 ^dZ / BUILDINGS :
H$) nÅ>odmbr ^y{‘ g§~§Yr
a) On Leasehold Land
H$m`m©b` n[aga / Office premises 47.72 160.79 0.00 208.51 1.56 0.00 0.00 1.56 206.95 29.98
[ahmèr ^dZ / Residential Buildings 65.79 0.00 0.01 65.78 2.16 2.16 0.00 4.32 61.46 31.71
I) ñdm{‘Ëd AmYma dmbo âb¡Q> / n[aga
b) Ownership Flat/ Premises
H$m`m©b` n[aga / Office premises 411.39 2.02 0.00 413.41 75.08 21.86 0.00 96.94 316.47 352.49
[ahmèr âb¡Q> / Residential Flats 55.99 0.00 0.00 55.99 54.02 1.84 0.00 55.86 0.13 33.88
3 dmhZ / VEHICLES 9.23 2.28 1.57 9.94 4.60 1.61 1.11 5.10 4.84 4.64
4 ’$ZuMa Am¡a Ow‹S>Zma/FURNITURE & 51.55 1.47 0.00 53.02 41.40 3.29 0.00 44.69 8.33 10.15
FIXTURES
5 H$m`m©b` CnñH$a /OFFICE EQUIPMENTS 29.84 9.86 0.02 39.68 24.97 1.96 0.02 26.91 12.77 4.87
6 H§$ß`yQ>a / COMPUTERS
ghm`H$ CnH$aU /COMPUTERS/ 111.76 0.45 0.26 111.95 75.01 16.88 0.23 91.66 20.29 36.75
PERIPHERALS
gm°âQ>doà / SOFTWARE 42.34 0.12 0.00 42.46 32.01 5.83 0.00 37.84 4.62 10.33
7 {~Obr H$s {’$qQ>J Am{X / 20.57 1.11 0.02 21.66 14.56 1.54 0.00 16.10 5.56 6.00
ELECTRICAL INSTALLATIONS
Mmby df© H$m Hw$b / TOTAL OF CURRENT YEAR 936.52 997.75 1.88 1,932.39 329.08 68.67 1.36 396.4 1,536.00 607.43
{nN>bm df© / PREVIOUS YEAR 808.53 131.86 3.87 936.52 282.86 46.69 3.47 329.08 607.43 525.67
ny±OrJV H$m`© à{H«$`mYrZ / 95.28 84.71
CAPITAL WORK IN PROGRESS
Hw$b / TOTAL 1631.28 692.14
19
(H$amo‹S> ` ‘|/` in Crore)
31 ‘mM© 2019 31 ‘mM© 2018
VH$ H$s pñW{V Ho$ VH$ H$s pñW{V Ho$
{ddaU AZwgma AZwgma
PARTICULARS
As at As at
31-MAR-2019 31-MAR-18
C{Ôï> {Z{Y`m| go {Zdoe / INVESTMENTS FROM EARMARKED FUNDS
H$) {ZdoeH$ g§ajU Am¡a {ejU {Z{Y :

A) Investor Protection & Education Fund:
i) AZwgy{MV ~¢H$m| ‘| O‘m / Deposits with Scheduled Banks 123.75 114.88
ii) ~MV / Mmby ImVm| ‘| ~¢H$ eof / 1.60 5.13

Bank Balance in Savings/Current Accounts
I) àË`n©U {Z{Y / B) Disgorgement Fund
i) AZwgy{MV ~¢H$m| ‘| O‘m / Deposits with Scheduled Banks 4.55 4.28
J) dgybr H$m`©dm{h`m±
C) Recoveries proceedings
i) AZwgy{MV dm{UpÁ`H$ ~¢H$ ‘| O‘m / 131.12 39.70
Deposits with Scheduled Commercial Bank
Hw$b / TOTAL 261.02 163.99
{Zdoe-AÝ` / INVESTMENTS - OTHERS
H$) ~m°ÊS> / Bonds - -
I) AZwgy{MV ~¢H$m| ‘| O‘m : 1,329.00 1,663.73

B) Deposits with Scheduled Banks :
(AZwgyMr 19 H$m {Q>ßnU g§. 21(i) XoI|)
(Refer Note no. 21(i) of Schedule 19)
J) g§ñWmAm| ‘| O‘m / C) Deposits with Institutions 65.00 75.00
S>) EZgrE’$B© ‘| {H$`m J`m A{^XmZ (gãg{H«$ßeZ)/Subscription towards NCFE 30.00
Hw$b / TOTAL 1,424.00 1,738.73
20
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
31-MAR-2019 31-MAR-18
Mmby AmpñV`m±, F$U, A{J«‘ Am{X
CURRENT ASSETS, LOANS, ADVANCES ETC.
H$) Mmby AmpñV`m± : / A) CURRENT ASSETS :
1 {d{dY XoZXma / Sundry Debtors
H$) N>h ‘hrZm| go A{YH$ H$s Ad{Y Ho$ {bE ~H$m`m F$U
a) Debts Outstanding for a period exceeding six months
emoÜ` ‘mZo JE / Considered good - -
g§{X½Y ‘mZo JE / Considered doubtful - -

- -
I) AÝ` / b) Others 97.44 85.67
(AZwgyMr 19 H$m {Q>ßnU g§. 9 XoI|) 97.44 85.67

(Refer Note no.9 of Schedule 19)
KQ>mE± : g§{X½Y F$Um| Ho$ {bE àmdYmZ - -
Less : Provision for doubtful debts
97.44 85.67
2 ZH$Xr eof (MoH$m| / S´mâQ>m| VWm AJ«Xm` am{e g{hV)
Cash balances in hand (including cheques/drafts and
imprest)
ZH$Xr eof / Cash in hand 0.02 0.02
CJmhr g§~Õ MoH$ / Cheque in hand 0.56 7.95

0.58 7.97
3 ~¢H$ eof :/ Bank Balances :
AZwgy{MV ~¢H$m| ‘| :/ With Scheduled Banks:
Mmby / ~MV ImVm| ‘|/ In Current/Savings Accounts 108.65 83.45

4 boIZ-gm‘J«r H$m ñQ>m°H$ / Stock of Stationery 0.06 0.06
Hw$b (H$) / TOTAL (A) 206.73 177.15
21
(H$amo‹S> `
‘|/` in Crore)
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
31-MAR-2019 31-MAR-18
I) F$U, A{J«‘ Am¡a AÝ` AmpñV`m±
B) LOANS, ADVANCES AND OTHER ASSETS
1 ñQ>m’$ H$mo F$U / Loans to staff 161.29 144.66
2 dgybr `mo½` A{J«‘ VWm AÝ` aH$‘ - ZH$Xr `m dñVw ê$n ‘| `m
‘yë` EdO ‘| :
Advances and other amount recoverable in cash or in kind
or for value to be received :
H$) ny±OrJV boIo na
1.56 200.00
a) On Capital Account
I) nyd© ^wJVmZ
5.53 6.50
b) Prepayments
J) O‘mE±
c) Deposits
- n[agam| Ho$ {bE / for premises 1.11 1.11
- à{V^y{V Anrbr` Ý`m`m{YH$aU (g¡Q>) Ho$ AmXoe Ho$
AZwgma O‘mam{e ({S>nm°{OQ>) / - -
Deposit as per SAT Order
- godm H$a Ho$ AZwgma O‘m / Deposit as per service tax 9.77
- AÝ` / Others 1.41 1.07
K) AÝ` A{J«‘
d) Others Advances 22.26 21.60
41.65 230.28
3 amï´>r` à{V^y{V ~mOma g§ñWmZ H$mo {X`m J`m ny±OrJV A{J«‘ (H¡${nQ>b ES>dm§g) 0.27 0.27
3 Capital Advance to NISM
4 Cn{MV Am` (Xo` Zht - O~ VH$ {H$ AÝ` H$moB© C„oI Z {H$`m OmE):
4 Income Accrued (Not due unless otherwise stated) :
H$) C{Ôï> {Z{Y go {Zdoem| na 8.65 8.52
a) On Investments from Earmarked Fund
I) {Zdoem| na - ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$s {M{H$Ëgm
ghm`Vm {Z{Y 0.16 0.24
b) On Investments-SEBI Medical Asst. Fund
J) {Zdoem| na - AÝ` / c) On Investments-others 734.31 742.05
K) ~¢H$ ‘| AënH$m{bH$ gmd{Y O‘m (E’$S>r) na 0.01 0.53
d) On Short term FD with Bank
L>) F$Um| VWm A{J«‘m| na
e) On Loans and Advances 44.46 36.79
787.59 788.13
Hw$b (I) / TOTAL (B) 990.80 1,163.34
Hw$b (H$+I) / TOTAL (A+ B) 1,197.53 1,340.49
22
31 ‘mM©, 2019 H$mo g‘má df© Ho$ Am¶-ì¶¶ boIo H$s ^mJñdê$n AZwgy{M¶m±
SCHEDULES FORMING PART OF INCOME & EXPENDITURE ACCOUNT
31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
{ddaU g‘mßV df© g‘mßV df©
PARTICULARS Year Ended Year Ended
31-MAR-2019 31-MAR-2018
’$sg / A{^XmZ / FEES/SUBSCRIPTIONS
dm{f©H$ ’$sg / A{^XmZ (gãg{H«$ßeZ) go Am` 98.96 100.68
Income from Annual Fees/Subscriptions
ñQ>m°H$ EŠgM|Om| go gyMr~ÕVm ({bpñQ>§J) ’$sg A§eXmZ 22.59 20.43

Listing fees contribution from Stock Exchanges
a{OñQ´rH$aU ’$sg / Registration fees 209.18 188.14
ZdrH$aU ’$sg / Renewal fees 55.34 43.46
AmdoXZ ’$sg / Application fees 4.67 8.19
àñVmd XñVmdoOm| (Am°’$a S>m°Š`y‘|Q²g) hoVw ’$sg 349.49 250.61

Fees for offer documents
A{YJ«hU (Q>oH$Amoda) ’$sg 9.89 12.86

Fees for Takeover regulations
{d{dY Am` 0.02 0.07

Miscellaneous Income
Hw$b / TOTAL 750.14 624.44
23
31 ‘mM©, 2019 H$mo g‘má df© Ho$ Am¶-ì¶¶ boIo H$s ^mJñdê$n AZwgy{M¶m±
SCHEDULES FORMING PART OF INCOME & EXPENDITURE ACCOUNT FOR
THE YEAR ENDED 31ST MARCH 2019
(H$amo‹S> `
‘| /` in Crore)
{Zdoe go Am` - AmBnrB©E’$ C{Ôï> {Z{Y go {Zdoe - àË`n©U {Zdoe go Am` - AÝ`
Investment from Earmarked Income from Investments-
Income on investment IPEF
Fund -Disgorgement other
31 ‘mM© 2019 31 ‘mM© 2018 31 ‘mM© 2019 31 ‘mM© 2018 31 ‘mM© 2019 31 ‘mM© 2018
H$mo g‘má df© H$mo g‘má df© H$mo g‘má df© H$mo g‘má df© H$mo g‘má df© H$mo g‘má df©
Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended
31-MAR-2019 31-MAR-2018 31-MAR-2019 31-MAR-2018 31-MAR-2019 31-MAR-2018
{Zdoe go Am`
INCOME FROM INVESTMENTS
ã`mO / Interest :
~m°ÊS>m| na / On Bonds - - - - - -
~¢H$m| ‘| O‘m / Deposit with Banks 8.63 8.00 0.79 0.15 175.50 198.98
g§ñWmAm| ‘| O‘m - - - - 5.16 8.11

Deposits with Institutions
Hw$b / TOTAL 8.63 8.00 0.79 0.15 180.66 207.09
24
31 ‘mM©, 2019 H$mo g‘má df© Ho$ Am¶-ì¶¶ boIo H$s ^mJñdén AZwgy{M¶m±
31 ‘mM© 2019 H$mo g‘má 31 ‘mM© 2018 H$mo g‘má

{ddaU df© df©
31-MAR-2019 31-MAR-2018
A{O©V ã`mO / INTEREST EARNED
~¢H$ ‘| AënmH$m{bH$ gmd{Y O‘m (E’$S>r) na ã`mO 4.58 4.71

Interest on Short term Fixed deposit with Bank
AZwgy{MV ~¢H$ ‘| ~MV ~¢H$ ImVo na ã`mO 0.46 0.42

Interest on Savings Banks with Scheduled Bank
H$‘©Mm[a`m| H$mo {XE JE F$Um| na 10.21 7.83

On Loans to Employees
Xbmbm| VWm AÝ` go ã`mO 0.10 0.28

Interest from Brokers and Others
amï´>r` à{V^y{V ~mOma g§ñWmZ H$mo {XE JE ny±OrJV A{J«‘ (H¡${nQ>b

ES>dm§g) na ã`mO - 0.12
Interest on Capital Advance to NISM
Hw$b / TOTAL 15.35 13.36
AÝ` Am` / OTHER INCOME

AmpñV`m| (AgoQ²g) H$s {~H«$s go hþAm bm^ / Profit on sale of 0.06 0.34
Assets
àmá {H$am`m / Rent received 12.94 7.88
{d{dY Am`/ Miscellaneous Income 4.44 1.67
Hw$b / TOTAL 17.44 9.89
25
31 ‘mM© 2019 31 ‘mM© 2018
{ddaU H$mo g‘má df© H$mo g‘má df©
31-MAR-2019 31-MAR-2018
ñWmnZm ì``/ ESTABLISHMENT EXPENSES
doVZ Am¡a ‘OXyar / Salaries and Wages 157.46 146.50
^Îmo Am¡a ~moZg / Allowances and Bonus 84.13 66.16
^{dî` {Z{Y ‘| A§eXmZ / Contribution to Provident Fund 21.55 12.97
amï´>r` n|eZ `moOZm ‘| A§eXmZ / Contribution to National Pension Scheme 0.19 0.09
H$‘©Mmar àgw{dYmE± / Employee Benefits
CnXmZ (J«oÀ`wQ>r) hoVw àmdYmZ / Provision for Gratuity 4.20 3.68
Nw>Å>r Ho$ ZH$XrH$aU hoVw àmdYmZ / Provision for Leave encashment 8.38 (1.27)
ñQ>m’$ H$ë`mU ì`` / Staff Welfare Expenses 17.24 15.54
Hw$b / TOTAL 293.15 243.67
26
31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
{ddaU g‘má df© g‘má df©
31-MAR-2019 31-MAR-2018
AÝ` àemg{ZH$ ì`` Am{X /
OTHER ADMINISTRATIVE EXPENSES ETC.
{~Obr VWm D$Om© / Electricity and Power 9.47 7.14
Ob à^ma / Water Charges 0.52 0.32
~r‘m/ Insurance 0.56 0.83
‘aå‘V Ed§ aIaImd / Repair and maintenance : -
^dZ Ed§ n[aga / Building and Premises 27.16 20.92
’$ZuMa Ed§ CnñH$a / Furnitures & Equipments 8.22 11.97
{H$am`m, Xa| Ed§ H$a / Rent, Rates and Taxes 20.04 19.92
dmhZm| H$mo MbmZo Ed§ CZHo$ aIaImd, `mÌm Am¡a gdmar g§~§Yr 12.44 12.33
Vehicles Running and Maintenance, Travelling and Conveyance
S>mH$ ì``, Xya^mf Ed§ g§Mma g§~§Yr à^ma 3.27 2.42
Postage, Telephone and Communication Charges
‘wÐm Ed§ boIZ gm‘J«r/ Printing and Stationery 2.44 1.70
g§Jmoð>r / H$m`©embmAm| g§~§Yr ì`` / Expenses on Seminar/Workshops 0.28 0.84
^Vu g§~§Yr ì`` / Recruitment Expenses 3.06 -
A{^XmZ g§~§Yr ì`` / Subscription Expenses 0.61 0.67
boImnarjH$m| H$m nm[al{‘H$ / Auditors Remuneration - 0.06
{ZdoeH$ {ejU / {eH$m`V {ZdmaU ì`` 2.86 2.45
Investor Education/Grievances Redressal Expenses
ì`mdgm{`H$ Ed§ {d{YH$ ì`` / Professional & Legal Expenses 22.04 22.73
{dkmnZ Ed§ àMma / Advertisement and Publicity 1.60 3.26
AZwg§YmZ Ed§ nam‘e© ’$sg / Research and Consultation Fees - 0.02
~¡R>H$ g§~§Yr ì`` / Meeting Expenses 0.80 0.80
A{V{W J¥h g§~§Yr ì`` / Guest House Expenses 0.94 0.92
gwajmH${‘©`m| g§~§Yr ì`` / Security Guards Expenses 10.89 7.50
AmpñV`m| (AgoQ²g) H$s {~H«$s go hþB© hm{Z / Loss on sale of Assets - -
{d{dY ì`` / Miscellaneous Expenses 3.83 4.62
Hw$b / TOTAL 131.03 121.42
ã`mO / INTEREST
ã`mO - AÝ` / Interest others 0.02 0.01
Hw$b / TOTAL 0.02 0.01
27
31 ‘mM© 2019 H$mo 31 ‘mM© 2018 H$mo
{ddaU g‘má df© g‘má df©
31-MAR-2019 31-MAR-2018
nyd© Ad{Y g‘m`moOZ / PRIOR PERIOD ADJUSTMENT
Am` / INCOME
a{OñQ´rH$aU ’$sg / Registration Fees -
{d{Z`m‘H$ (ao½`yboQ>ar) ’$sg / Regulatory fees - (0.50)
gyMr~ÕVm ({bpñQ>§J) ’$sg / Listing Fees - -0.01
ZdrH$aU ’$sg / Renweal Fees 0.63
dm{f©H$ ’$sg / Annual Fees -
{H$am`m / Rent - 0.23
{d{dY-Am` / Misc - Income 0.04 0.03
A{O©V ã`mO / Interest Earned 0.00 0.03
Hw$b (H$) / TOTAL (A) 0.67 (0.22)

ì`` / EXPENDITURE
ñWmnZm ì`` / Establishment Expenses 0.10 0.15
Nw>Å>r H$m ZH$XrH$aU - ~r‘m§{H$H$ ‘yë`m§H$Z ‘| g§emoYZ / - -
Leave Encashment - Revision in actuarial valuation
àemg{ZH$ ì``/ Administrative Expenses

{d{YH$ ì`` / Legal Expenses 0.07 0.46
‘aå‘V Ed§ aIaImd / Repairs and Maintenance 1.94 1.96
AÝ` / Others 0.25 1.25
‘yë`õmg / Depreciation 0.33 0.33
Hw$b (I) / TOTAL (B) 2.69 4.15

Hw$b (H$) - (I) / TOTAL (A) - (B) (2.00) (4.36)
28
31 ‘mM©, 2019 H$mo g‘má df© Ho$ {dÎmr¶ {ddaUm| H$s ^mJñdê$n AZwgy{M¶m±
SCHEDULES FORMING PART OF THE FINANCIAL STATEMENTS
AZwgyMr - 18 : ‘hÎdnyU© boIm Zr{V`m±

SCHEDULE - 18: SIGNIFICANT ACCOUNTING POLICIES
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (""~moS©>'') ^maV gaH$ma Ûmam {ZYm©[aV ’$m°‘}Q> ‘| ^maV Ho$ {Z`§ÌH$-‘hmboImnarjH$ Ho$ nam‘e©
go AnZo {dÎmr` {ddaU V¡`ma H$aVm h¡ Am¡a boIm| H$s boImnarjm àËòH$ df© ^maV Ho$ {Z`§ÌH$-‘hmboImnarjH$ Ûmam H$s OmVr h¡ &
SEBI (“the Board”) prepares its financial statements in the format prescribed by the Government of India in consultation
with the Comptroller and Auditor General of India (C&AG) and the accounts are audited by the C&AG every year.
‘hÎdnyU© boIm Zr{V`m± : / SIGNIFICANT ACCOUNTING POLICIES:

~moS©> Ho$ {dÎmr` {ddaU CZ boIm Zr{V`m| Ed§ nÕ{V`m| Ho$ AmYma na V¡`ma {H$E OmVo h¢, {OZH$m ^maV ‘| Am‘ Vm¡a na AZwgaU {H$`m
OmVm h¡, {OÝh| Am‘ ~mobMmb H$s ^mfm ‘| gm‘mÝ`V`m ‘mÝ` boImH$aU {gÜXm§Vm| (^maV Ho$) Ho$ Zm‘ go OmZm OmVm h¡ & ~moS©> Ûmam
bJmVma {ZåZ{bpIV ‘hÎdnyU© boIm Zr{V`m| H$mo AnZm`m OmVm h¡, O~ VH$ {H$ AÝ`Wm H$moB© C„oI Z {H$`m OmE :-
The financial statements of the Board are prepared based on accounting policies and practices generally followed in
India, which in normal parlance are known as Generally Accepted Accounting Principles (Indian GAAP). The significant
accounting policies consistently followed by the Board, unless otherwise stated, are mentioned below:-
1. boIm nÕ{V / Accounting Convention

^maVr` MmQ>©S©> EH$mC§Q>|Q> g§ñWmZ Ûmam Omar bmJy boIm-‘mZH$m| VWm gm‘mÝ`V`m ‘mÝ` boImH$aU {gÕm±Vm| Ho$ AZwgma, CnM`
AmYma na na§namJV bmJV nÕ{V Ho$ A§VJ©V {dÎmr` {ddaU V¡`ma {H$E OmVo h¢ (O~ VH$ {H$ AÝ`Wm H$moB© C„oI Z {H$`m OmE)&
The financial statements are prepared under the historical cost convention on accrual basis, in accordance with
the applicable accounting standards issued by the Institute of Chartered Accountants of India (ICAI) and generally
accepted accounting principles, unless otherwise stated.
2. àm¸$bZm| H$m à`moJ / Use of Estimates

^maV Ho$ gm‘mÝ`V`m ‘mÝ` boImH$aU {gÕm§Vm| (OrEEnr) Ho$ AZwê$n {dÎmr` {ddaU V¡`ma {H$E OmZo Ho$ g§~§Y ‘| ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo àm¸$bZ VWm AZw‘mZ bJmZo n‹S>Vo h¢, {OZH$m Aga {dÎmr` {ddaUm| ‘| AmpñV`m|, Xo`VmAm|
(AmH$pñ‘H$ Xo`VmAm| Ho$ àH$Q>rH$aU g{hV), Am` Ed§ ì`` boIm| ‘| Xem©B© OmZo dmbr aH$‘m| na n‹S> OmVm h¡ & `Ú{n, {dÎmr`
{ddaUm| H$mo V¡`ma H$aVo g‘` àm¸$bZ Vmo ghr T>§J go bJmE OmVo h¢, bo{H$Z dmñV{dH$ n[aUm‘ BZ àm¸$bZm| go {^Þ hmo gH$Vo
h¢ & dmñV{dH$ n[aUm‘m| VWm àm¸$bZm| Ho$ ~rM Ho$ A§Va H$mo g§~Õ boIm erf© ‘| Am` / ì`` Ho$ ê$n ‘| Xem©`m OmVm h¡, Cg
Ad{Y ‘| {Og‘| n[aUm‘ kmV / ’$br^yV hmoVo h¢ &
The preparation of financial statements in conformity with Indian GAAP requires SEBI to make estimates and
assumptions that affect the reported amounts of assets, liabilities (including contingent liabilities disclosure),
incomes and expenditure in the financial statements. Though it is believed that the estimates used in the
preparation of the financial statements are prudent and reasonable, actual results could differ from these
estimates. Differences between actual results and the estimates are recognised as income /expense in the
relevant account head, in the period in which the results are known / materialised.
29
3. amOñd A{^kmZ ({ZYm©aU) / Revenue Recognition
H$) Am` Am¡a ì`` ({OZH$s VH©$g§JV {Z{üVVm h¡) H$m A{^kmZ ({ZYm©aU) gm‘mÝ`V: CnM` AmYma na {H$`m J`m h¡ &
g§~§{YV {d{Z`‘m| Ho$ VhV ‘Ü`d{V©`m| (B§Q>a‘r{S>àrµO) go àmá ’$sg Am` ‘mZr OmVr h¡, O~ VH$ {H$ AÝ`Wm H$moB© C„oI
Z {H$`m OmE & g^r ‘Ü`d{V©`m| go àmá a{OñQ´rH$aU / ZdrH$aU H$s ’$sgm| H$mo ~{h`m| ‘| a{OñQ´rH$aU / ZdrH$aU Ho$
nhbo df© ‘| hr {XIm`m OmVm h¡, {’$a Bg ~mV na Jm¡a Zht {H$`m OmVm {H$ a{OñQ´rH$aU / ZdrH$aU {H$VZo g‘` Ho$
{bE d¡Y h¡ &
a) Income and Expenditure having reasonable certainty have been generally recognised on accrual basis. Fees
from all intermediaries are recognised as income in the manner prescribed in the respective Regulations,
unless otherwise stated. Registration / Renewal of fees received from all intermediaries are accounted in
the first year of registration/renewal, irrespective of the validity of the registration / renewal period.
I) àmW{‘H$ ~mOma g§~§Yr àñVmd XñVmdoOm| hoVw XmpIb {H$E OmZo g§~§Yr (’$mBqbJ) ’$sg H$m boIm-OmoIm àm{á AmYma
na Am` Ho$ ê$n ‘| aIm OmVm h¡ & {ZJ©‘ Ho$ AmH$ma ‘| n[adV©Z H$s dOh go, XmpIb {H$E OmZo Ho$ g§~§Y ‘| Omo ’$sg
(’$mBqbJ ’$sg) A{YH$ hmo Cgo dmng bm¡Q>mE OmZo `m XmpIb {H$E OmZo Ho$ g§~§Y ‘| A{V[aº$ ’$sg EH$Ì {H$E OmZo
g§~§Yr boIm-OmoIm, O~ H$^r dh, `WmpñW{V, Xo` `m àmß` ê$n ‘| {ZYm©[aV {H$`m OmE, {XIm`m OmVm h¡ &
b) Filing fees for Primary Market Offer Documents are accounted as income on receipt basis. Refund of
excess filing fees or collection of additional filing fees arising due to change in the size of the issue is
accounted as & when determined as payable or receivable, as the case may be.
J) ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (ñQ>m°H$ Xbmb Am¡a Cn-Xbmb) {d{Z`‘, 1992 [go~r (ñQ>m°H$ ~«moH$g© E§S> g~-
~«moH$g©) ao½`yboeÝg, 1992] (df© 2006 Ho$ Xm¡amZ `Wm g§emo{YV) H$s AZwgyMr III H$, IV Am¡a IV H$ Ho$ VhV ZH$Xr Ed§
ì`wËnÞr I§S>m| (H¡$e E§S> So>[ado{Q>d goJ‘|Q²g) Ho$ Xbmbm| go {‘bZo dmbr ’$sg H$m boIm-OmoIm CnM` AmYma na {XIm`m
OmVm h¡ &
c) Fees from brokers of cash & derivative segments under schedule IIIA, IV and IVA of SEBI (Stock Brokers
and Sub-brokers) Regulations, 1992 as amended during 2006 are accounted on accrual basis.
K) Cn-Xbmbm| (g~-~«moH$g©) go {‘bZo dmbr ’$sg H$m boIm-OmoIm àm{á AmYma na {XIm`m OmVm h¡, Š`m|{H$ {‘bZo dmbr
’$sg H$s aH$‘ nhbo go V` Zht hmoVr &
d) Due to uncertainty about recovery of fees, fees from sub-brokers are accounted on receipt basis.
4. {Zdoe / Investments
XrKm©d{Y {Zdoe bmJV na {bE OmVo h¢ & hmbm±{H$, XrKm©d{Y {Zdoem| H$s àM{bV am{e ‘| {H$gr {JamdQ> (AñWm`r go {^Þ) H$m
A{^kmZ H$aZo Ho$ {bE àmdYmZ {H$`m OmVm h¡ &
Long term investments are carried at cost. However, provision is made to recognise any decline, other than
temporary, in the carrying amount of long term investments.
5. AMb AmpñV`m± Am¡a ‘yë`õmg / Fixed Assets and Depreciation

AMb AmpñV`m| H$m {ddaU CZH$s ‘yb bmJV ‘| go g§{MV ‘yë`õmg H$mo KQ>mH$a Am¡a õmg, `{X H$moB© hmo, H$m àmdYmZ H$aHo$
{X`m OmVm h¡ & bmJV ‘| em{‘b hmoVo h¢ - AO©Z VWm {Z‘m©U/g§ñWmnZ ‘| {H$E JE ì`` Am¡a AmpñV`m| H$mo CZHo$ Ame{`V
Cn`moJ hoVw H$m`©erb AdñWm ‘| bmZo Ho$ CÔoí` go {H$E JE AÝ` g§~§{YV ì`` &
Fixed Assets are stated at their original cost less accumulated depreciation and provision for impairment, if
any. The cost includes expenditure incurred in the acquisition and construction/ installation and other related
expenses in bringing the assets to working condition for their intended use.
30
‘yë`õmg grYr aoIm nÕ{V Ho$ AmYma na {ZåZmZwgma {X`m J`m h¡ :
Depreciation is provided on Straight Line Method (SLM) as under:
AmpñV`m± / Assets AmpñV H$m dmñV{dH$ Cn`mo{JVmH$mb -

5% Ad{eï> ‘yë` Ho$ gmW
Effective life of the asset with 5%
residual value
^dZ, H$m`m©b` n[aga VWm [ahmèr âb¡Q> 29 df©

Buildings, Office Premises and Residential Flats. 29 years
H§$ß`yQ>a / ghm`H$ CnH$aU, H$m°{nà, g§Mma gmYZ (’¡$Šg, ‘m°So>‘, Q>obr’$moZ, 3 df©
Am{X) VWm {dÚwV / BboŠQ´mo{ZH$ H$m`m©b` CnH$aU 3 years
Computers / Peripherals, Copiers, Communication devices (Fax,
Modems, Telephones, etc.) and Electrical / Electronic Office
Instruments.
dmhZ, ’$ZuMa VWm {~Obr H$s {’$qQ>J (CXmhaUmW© n§Io, ~{Îm`m±, dmVmZwHy$bH$) 5 df©
Am¡a g^r ‘X| {OZH$m D$na C„oI Zht h¡ 5 years
Vehicles, Furniture and Electrical Fittings (e.g. Fans, Lights, Air
conditioners) and all items not covered above.
nÅ>o na {bE JE n[agam| Ho$ ZdrH$aU (arZmodoeZ) na hþE ì`` 5 df© `m nÅ>o H$s Ad{Y (Omo ^r H$‘ hmo)
Renovation expenses of leasehold premises 5 years or lease period whichever is
shorter
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ ~moS©> Ûmam ‘§Oya ‘yë`õmg H$s Zr{V Ho$ AZwgma, AMb AmpñV`m| H$m Ad{eï> ‘yë`
‘yb bmJV H$m 5% (Xam| H$mo nyUmª{H$V {H$`m OmVm h¡) ‘mZm OmVm h¡ Am¡a VXZwgma AMb AmpñV`m| H$m ‘yë`õmg ‘yb bmJV
Ho$ 95% (Xam| H$mo nyUmª{H$V {H$`m J`m h¡) VH$ hmoVm h¡ &
As per the depreciation policy approved by SEBI Board, the residual value of the fixed assets is considered as
5% (the rates are rounded off) of the original cost and accordingly fixed assets are depreciated up to 95% (the
rates are rounded off) of the original cost.
Cgr AmpñV (AgoQ>) H$m ny±OrH$aU {H$`m OmVm h¡, {OgH$s Ý`yZV‘ bmJV é. 10,000.00 hmo &
Minimum cost of asset shall be of ` 10,000.00 for qualifying to be capitalized.
df© Ho$ Xm¡amZ ‘m¡OyXm AmpñV ‘| {H$gr àH$ma H$s d¥{Õ `m {dñVma, Omo ny±OrJV ñdê$n H$m hmo Am¡a Omo ‘m¡OyXm AmpñV H$m A{^Þ
A§J ~Z OmVm hmo, H$m ‘yë`õmg Cg AmpñV Ho$ eof Cn`mo{JVm-H$mb Ho$ AZwgma {H$`m OmVm h¡ &
Any addition or extension to an existing asset during the year, which is of a capital nature and which becomes an
integral part of the existing asset is depreciated over the remaining useful life of that asset.
à{H«$`mYrZ ny±OrJV H$m`© Ho$ A§VJ©V CZ AMb AmpñV`m| Ho$ AO©Z Ho$ {bE AXm H$s JB© ~H$m`m A{J«‘ am{e em{‘b hmoVr h¡ Omo
[anmo{Qª>J H$s VmarI H$mo CZHo$ Ame{`V Cn`moJ Ho$ {bE V¡`ma Z hm| &
Capital work-in-progress comprises outstanding advances paid to acquire fixed assets that are not yet ready for
their intended use at the reporting date.
nÅ>o dmbr ^y{‘ H$m H«${‘H$ AnmH$aU BgH$s nÅ>m Ad{Y na {H$`m OmVm h¡ &
Leasehold land is amortised over its lease period.
nwñVH$mb` H$s nwñVH|$ amOñd ì`` Ho$ ê$n ‘| A{^kmV hmoVr h¢ Am¡a Omo Am`-ì`` boIo ‘| à^m[aV hmoVr h¢ &
Library books are recognised as revenue expenditure and charged to Income and Expenditure Account.
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d f© Ho$ Xm¡amZ IarXr / ~oMr JB© AmpñV`m| H$mo CVZo dmñV{dH$ {XZm| Ho$ ‘ÔoZµOa hr g‘mZwnm{VH$ AmYma na ‘yë`õm{gV {H$`m
OmVm h¡, {OVZo {XZm| VH$ AmpñV H$m Cn`moJ {H$`m J`m hmo &
Assets purchased / sold during the year are depreciated on a pro-rata basis for the actual number of days the
asset has been put to use.
6. A‘yV© AmpñV`m± / Intangible Assets

gm°âQ>doà {bE OmZo g§~§Yr bmJV| ""A‘yV© AmpñV`m|'' Ho$ ê$n ‘| ny±OrH¥$V H$s OmVr h¢ & gm°âQ>doà g§~§Yr bmJVm| H$m AnmH$aU
VrZ dfm] H$s Ad{Y Ho$ ^rVa grYr aoIm nÕ{V (ñQ´¡Q> bmBZ ‘oWS>) AmYma na {H$`m OmVm h¡ &
Costs relating to acquisition of software are capitalised as “Intangible assets". Software costs are amortised
within a period of three years on straight line method.
i) `{X
gm°âQ>doà ~mOma go EH$ hr ~ma nyam ^wJVmZ H$aHo$ IarXm OmVm h¡, Vmo IarX H$s bmJV Ho$ gmW-gmW CZ AmpñV`m|
(AgoQ²g) H$mo {Og CÔoí` go IarXm J`m h¡ Cg CÔoí` go CÝh| H$m`©erb AdñWm ‘| bmZo hoVw {H$E JE AÝ` ì`` H$mo
bmJV Ho$ ê$n ‘| nyOrH¥$V {H$`m OmVm h¡ & IarX H$s VmarI hr dh VmarI hmoJr O~ go CgH$m H«${‘H$ AnmH$aU {H$`m
OmEJm; AWdm,
If the software is outright purchased from the market, the cost of purchase and any cost directly attributable
to bring the assets in working conditions for the intended use may be the cost to be capitalized. The date
of purchase will be the date from which it needs to be amortized. Or,
ii) `{X
{H$gr gm°âQ>doà H$mo MaU~Õ VarHo$ go ~Zm`m ({dH${gV {H$`m) OmVm h¡, Vmo ha MaU ‘| Cgo H$m`©erb AdñWm ‘|
bmZo hoVw AmZo dmbr bmJV H$mo ny±OrH¥$V {H$`m OmEJm & {Og {d^mJ na Cg gm°âQ>doà H$mo ~ZdmZo ({dH${gV H$admZo)
Am¡a Cgo {H«$`mpÝdV H$admZo H$s {Oå‘oXmar hmo, Cg {d^mJ H$s Amoa go g^r Cn`moJH$Vm©Am| (`yµOa) H$s gh‘{V boZo Ho$
nümV Cº$ MaU Ho$ g§~§Y ‘| Cgo Mmby H$admZo (Jmo bmBd) hoVw Omar {H$E JE à‘mUnÌ H$s VmarI hr dh VmarI hmoJr
O~ go CgH$m H«${‘H$ AnmH$aU {H$`m OmEJm & Bg{bE, Eogo ‘m‘bm| ‘| ny±OrH$aU Am¡a H«${‘H$ AnmH$aU ha MaU ‘|
gm°âQ>doà H$mo Mmby H$admE OmZo (Jmo bmBd) H$s VmarI Ho$ AZwgma hr {H$`m OmEJm &
If the software is developed in phase wise manner, the cost attributable to respective phase for bringing it in
usable condition will be the cost to be capitalized. The date of certificate of “Go Live” from the department,
which owns the responsibility of ensuring development & implementation of software, with respect to
the said phase after all user acceptances will be the date from which it needs to be amortized. Hence,
capitalization and amortization in such cases will be done phase-wise in line with the “Go-Live” date for the
respective phase.
7. AmpñV`m| H$m õmg / Impairment of Assets

àËòH$ VwbZ-nÌ H$s VmarI VH$ H$s pñW{V Ho$ AZwgma õmg Ho$ g§~§Y ‘| AMb AmpñV`m| H$s g‘rjm H$s OmVr h¡, `{X õmg
Ho$ g§~§Y ‘| Eogm H$moB© g§Ho$V hmo {H$ AmpñV H$s àM{bV am{e Cggo dgyb hmo gH$Zo dmbr am{e go A{YH$ hmo OmEJr, Vmo aIr
OmZo dmbr Am¡a BñVo‘mb H$s OmZo dmbr AmpñV`m| go {H$VZm dgyb hmo gH$Vm h¡, Bg g§^mdZm H$mo, AmpñV H$s àM{bV am{e
Am¡a "{‘{VH$mQ>o na ^mdr ewÕ ZH$Xr (amoH$‹S>) àdmhm|' (â`yMa ZoQ> {S>ñH$mC§Q>oS> H¡$e âbmo) Omo AmpñV go CËnÞ hmo gH$Vo hm|
H$s VwbZm H$aHo$ Am§H$m OmVm h¡ & `{X Eogr AmpñV`m| Ho$ g§~§Y ‘| õmg H$s g§^mdZm àVrV hmoVr h¡, Vmo õmg H$s JUZm AmpñV
H$s àM{bV am{e ‘| go AmpñV Ho$ C{MV ‘yë` H$mo KQ>mH$a H$s OmVr h¡ &
Fixed Assets are reviewed for impairment at each balance sheet date, if there is any indication of impairment
that the carrying amount of an asset exceeds recoverable amount. Recoverability of assets to be held and used
is measured by a comparison of the carrying amount of an asset to future net discounted cash flows expected
to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognised is
measured by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
32
õmg Ho$ nümV², ‘yë`õmg H$m àmdYmZ AmpñV Ho$ eof Cn`mo{JVm-H$mb ‘| AmpñV H$s g§emo{YV àM{bV am{e Ho$ AmYma na {H$`m
OmVm h¡ &
After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful
life.
8. boIZ-gm‘J«r Am¡a ñQ>m§n H$m ñQ>m°H$ / Stock of Stationeries and Stamps

àËòH$ VwbZ-nÌ H$s VmarI VH$ H$s pñW{V Ho$ AZwgma, Cn`moJ ‘| Z bmB© JB© boIZ-gm‘J«r H$m ‘yë`m§H$Z bmJV na {H$`m
OmVm h¡ Am¡a Cn`moJ ‘| Z bmE JE ñQ>m§nm| Ho$ ‘yë` H$mo nyd©XÎm ì`` ‘| em{‘b {H$`m OmVm h¡ &
s at each Balance Sheet date, unutilized stationeries is valued at cost and value of unutilised stamps is included
A
in the prepaid expenses.
9. ZH$Xr Am¡a ZH$Xr-g‘Vwë` / Cash and Cash Equivalents

àm{á Am¡a ^wJVmZ ImVo ‘| ZH$Xr Am¡a ZH$Xr-g‘Vwë` Ho$ A§VJ©V ~¢H$ ‘| O‘m ZH$Xr, ZH$Xr eof Am¡a VrZ ‘hrZm| `m Cggo
H$‘ H$s ‘yb n[an¹$Vm (‘¡À`w[aQ>r) Ad{Y dmbo AënH$m{bH$ {Zdoe em{‘b h¢ &
ash and cash equivalents in the receipt and payment account comprises cash at bank, cash on hand and short
C
term investments with an original maturity of three months or less.
10. H$‘©Mmar àgw{dYmE± / Employee Benefits

H$) ^{dî` {Z{Y :
^{dî` {Z{Y ‘| ~moS©> Ho$ A§eXmZ Am¡a ã`mO H$s {H$gr H$‘r H$mo Bg à`moOZmW© ñWm{nV {H$E JE Ý`mg H$mo ào{fV
H$a {X`m OmVm h¡ Am¡a {Ogo Am`-ì`` boIo ‘| à^m[aV {H$`m OmVm h¡ & boIm ‘mZH$ 15, H$‘©Mmar àgw{dYmE±
(g§emo{YV 2005) H$mo A‘b ‘| bmE OmZo Ho$ g§~§Y ‘| ^maVr` MmQ>©S©> EH$mC§Q>|Q> g§ñWmZ Ho$ boIm ‘mZH$ ~moS©> Ûmam Omar
{Xem{ZX}e (JmBS|>g) Ho$ A§VJ©V `h C„oI h¡ {H$ Eogr àgw{dYmAm| H$mo {Z{üV àgw{dYm `moOZmE± ‘mZm OmEJm {OZ‘|
{Z`moº$m Ûmam ~ZmB© JB© ^{dî` {Z{Y`m± em{‘b h¢, {OZHo$ g§~§Y ‘| ã`mO g§~§Yr H${‘`m| H$mo nyam {H$`m OmZm Ano{jV h¡ &
^{dî` {Z{Y Ho$ à{V ~moS©> H$s XoZXmar H$m àmdYmZ dm{f©H$ AmYma na ñdV§Ì ~r‘m§H$H$ Ûmam {H$E JE ~r‘m§{H$H$ ‘yë`m§H$Z
Ho$ AmYma na {H$`m OmVm h¡ & ~r‘m§{H$H$ bm^ / hm{Z H$mo dm{f©H$ AmYma na Am`-ì`` boIo ‘| à^m[aV {H$`m OmVm h¡ &
a) Provident Fund:
he Board’s contribution to the Provident Fund and any interest shortfall is remitted to a trust established
T
for this purpose and charged to Income and Expenditure Account. The Guidance on Implementing AS
15, Employee Benefits (revised 2005) issued by Accounting Standards Board of ICAI states that benefits
involving employer established provident funds, which require interest shortfalls to be recompensed, are to
be considered as Defined Benefit Plans. The Board’s liability towards provident fund is provided for based
on actuarial valuation carried out by an independent actuary on an annual basis. Actuarial gain / loss are
charged to the Income and Expenditure account on an annual basis.
I) CnXmZ (J«oÀ`wQ>r) VWm à{VH$m[aV Nw>Å>r ZH$XrH$aU (Nw>{Å>`m± ^wZmZm) :

CnXmZ (J«oÀ`wQ>r) VWm à{VH$m[aV Nw>Å>r ZH$XrH$aU (Nw>{Å>`m± ^wZmZo) hoVw ~moS©> Ho$ Xm{`Ëd, Omo {Z{üV àgw{dYm `moOZmAm|
Ho$ ê$n ‘| {Z`V h¢, H$m àmdYmZ dm{f©H$ AmYma na ñdV§Ì ~r‘m§H$H$ Ûmam {H$E JE ~r‘m§{H$H$ ‘yë`m§H$Z Ho$ AmYma na {H$`m
OmVm h¡ & ~r‘m§{H$H$ bm^m| Ed§ hm{Z`m| H$mo dm{f©H$ AmYma na Am`-ì`` boIo ‘| à^m[aV {H$`m OmVm h¡ &
b) Gratuity and Compensated Leave Encashment:
The Board’s liability towards gratuity and compensated leave encashment, being defined benefit plans,
are provided for based on actuarial valuation carried out by an independent actuary on an annual basis.
Actuarial gains and losses are charged to Income and Expenditure Account on an annual basis.
33
J) AÝ` ‘r`mXr H$‘©Mmar àgw{dYmE± :
AÝ` ‘r`mXr H$‘©Mmar àgw{dYmAm| H$m A{^kmZ AZ{S>ñH$mC§Q>oS> AmYma na àË`m{eV ~mÜ`Vm Ho$ AmYma na ~moS©> H$s ñH$s‘
Ho$ AZwgma ì`` Ho$ ê$n ‘| {H$`m OmVm h¡ &
c) Other Term Employee Benefits:
Other Term Employee Benefits are recognized as an expense as per the Board’s scheme based on
expected obligation on undiscounted basis.
11. {dXoer ‘wÐm boZXoZ / Foreign Currency Transactions

df© Ho$ Xm¡amZ {dXoer ‘wÐmAm| ‘| hþE boZXoZ, boZXoZm| H$s VmarI Ho$ {d{Z‘` Xa na XO© {H$E OmVo h¢ & {dXoer ‘wÐm, ‘m¡{ÐH$ ‘Xm|
H$mo, VwbZ-nÌ H$s VmarI VH$ H$s pñW{V Ho$ AZwgma A§{V‘ {d{Z‘` Xa na énò ‘| g‘‘yë` am{e Ho$ ê$n ‘| nwZ: ì`º$ {H$`m
OmVm h¡ & J¡a-‘m¡{ÐH$ ‘Xm| H$mo {dXoer ‘wÐm ‘| A§{H$V na§namJV bmJV na bm`m OmVm h¡ Am¡a CZH$s [anmoQ>© boZXoZ H$s VmarI
Ho$ {d{Z‘` Xa H$m à`moJ H$aVo hþE Xr OmVr h¡ & ‘m¡{ÐH$ ‘Xm| Ho$ {ZnQ>mZ / H$mo nwZ: ì`º$ {H$E OmZo H$s dOh go AmZo dmbo
{d{Z‘`-A§Va H$m A{^kmZ Am` Ho$ ê$n ‘| `m ì`` Ho$ ê$n ‘| Cg df© ‘| {H$`m OmVm h¡, {Og‘| do hþE hm| &
Transactions arising in foreign currencies during the year are recorded at the exchange rate prevailing on the date
of the transactions. Foreign currency, monetary items are restated into rupee equivalent at the closing exchange
rate prevailing as on Balance Sheet date. Non monetary items are carried at historical cost denominated in
a foreign currency and are reported using the exchange rate prevailing on the date of transaction. Exchange
differences arising on settlement / restatement of monetary items are recognised as income or as expenses in
the year in which they arise.
12. nÅ>o / Operating Leases

H$) nÅ>m| Ho$ A§VJ©V A{O©V AmpñV`m± CZ AmpñV`m| H$mo Xem©Vr h¢ Ohm± nÅ>mH$Vm© CZHo$ ñdm{‘Ëd Ho$ g‘ñV OmopI‘m| VWm ’$m`Xm|
H$mo n`m©á ê$n ‘| AnZo nmg hr aIVm hmo & nÅ>m g§~§Yr ^wJVmZm| H$m A{^kmZ nÅ>m-Ad{Y ‘| grYr aoIm nÕ{V AmYma
na Am`-ì`` boIo ‘| ì`` Ho$ ê$n ‘| {H$`m OmVm h¡ &
a) Assets acquired under operating leases represent assets where the lessor effectively retains substantially
all the risks and benefits of their ownership. Operating lease payments are recognized as an expense in
the Income and Expenditure Account on a straight-line basis over the lease term.
I) nÅ>m| Ho$ VhV Xr JB© AmpñV`m| H$mo AMb AmpñV`m| ‘| em{‘b {H$`m OmVm h¡ & nÅ>m g§~§Yr Am` H$m A{^kmZ nÅ>m-Ad{Y
‘| grYr aoIm nÕ{V AmYma na Am`-ì`` boIo ‘| {H$`m OmVm h¡ & bmJVm| (‘yë`õmg g{hV) H$m A{^kmZ Am`-ì``
boIo ‘| ì`` Ho$ ê$n ‘| {H$`m OmVm h¡ &
b) Assets given under operating leases are included in Fixed Assets. Lease income is recognized in the
Income and Expenditure Account on a straight-line basis over the lease term. Costs including depreciation
are recognized as an expense in the Income and Expenditure Account.
13. àmdYmZ VWm AmH$pñ‘H$ Xo`VmE± / Provisions and Contingent Liabilities

H$) àmdYmZ : ~moS©> àmdYmZ H$mo V~ A{^kmV ({ZYm©[aV) H$aVm h¡, O~ {H$gr {nN>br KQ>Zm Ho$ ’$bñdê$n H$moB© dV©‘mZ
~mÜ`Vm hmo & Eogr g§^mdZm h¡ {H$ Cg ~mÜ`Vm Ho$ {ZnQ>mZ Ho$ {bE g§gmYZm| H$m ~{hJ©‘Z Ano{jV hmoJm, {OgHo$ g§~§Y ‘|
àm‘m{UH$ AZw‘mZ bJm`m Om gH$Vm h¡ & àËòH$ VwbZ-nÌ H$s VmarI H$mo àmdYmZm| H$s g‘rjm H$s OmVr h¡ Am¡a CÝh|
g‘m`mo{OV {H$`m OmVm h¡, Vm{H$ dV©‘mZ gdm}Îm‘ àm¸$bZ àX{e©V hmo gH|$ &
a) Provisions: The Board recognises a provision when there is a present obligation as a result of a past event.
There is a probability that an outflow of resources will be required to settle the obligation in respect of which
reliable estimate can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the
current best estimates.
34
I) AmH$pñ‘H$ Xo`VmE± : AmH$pñ‘H$ Xo`Vm H$mo V~ àH$Q> {H$`m OmVm h¡, O~ H$moB© g§^d ~mÜ`Vm hmo `m dV©‘mZ ~mÜ`Vm hmo
{OgHo$ {bE g§gmYZm| Ho$ ~{hJ©‘Z H$s Anojm hmo gH$Vr h¡, {H$ÝVw g§^dV: Zht hmoJr &
Cg g§^d ~mÜ`Vm `m dV©‘mZ ~mÜ`Vm Ho$ ‘m‘bo ‘| H$moB© àmdYmZ `m àH$Q>rH$aU Zht {H$`m OmVm h¡, Ohm± g§gmYZm| Ho$
~{hJ©‘Z H$s g§^mdZm gwXya hmo & AmH$pñ‘H$ AmpñV`m± Z Vmo A{^kmV H$s OmVr h¢, Am¡a Z hr àH$Q> H$s OmVr h¢ &
b) Contingent Liabilities: A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources.
In case of a possible obligation or a present obligation where the likelihood of outflow of resources is remote,
no provision or disclosure is made. Contingent assets are neither recognised nor disclosed.
35
AZwgyMr - 19: AmH$pñ‘H$ Xo`VmE± VWm boIm| g§~§Yr {Q>ßn{U`m±

Schedule - 19: CONTINGENT LIABILITIES AND NOTES TO ACCOUNTS
1. AmH$pñ‘H$ Xo`VmE± : AmH$pñ‘H$ Xo`VmAm| Ho$ ã`m¡ao {ZåZmZwgma h¢ :

H$. Q>rS>rEg : {dÎmr` df© 2007-08 go boH$a {dÎmr` df© 2017-18 VH$ H$s Ad{Y H$s ~m~V H$mQ>o JE Am¡a
ôOo JE Q>rS>rEg Ho$ g§~§Y ‘| Am`H$a àm{YH$m[a`m| H$s Amoa go Hw$b ` 0.19 H$amo‹S> H$s aH$‘ Ho$ H$a H$s ‘m§J h¡
({nN>bo df© : ` 0.22 H$amo‹S>) & Eogo Q>rS>rEg H$s ‘m§J H$m ã`m¡am (df© Ho$ AZwgma) ZrMo {X`m J`m h¡ :
{dÎmr` df© 2007-08 2008-09 2009-10 2011-12 2012-13 2013- 14
‘m§J (` ‘|) 85,780.00 1,010.00 410.00 18,12,580.00 3,280.00 560.00
{dÎmr` df© 2014-15 2015-16 2016-17 2017-18 2018-19
‘m§J (` ‘|) 610.00 40.00 5,640.00 4,940.00 eyÝ¶
H$mQ>o JE H$a Am¡a {gñQ>‘ ‘| O‘m {H$E JE H$a ‘| g‘mZVm Z hmoZo Ho$ H$maU Cnamoº$ ‘m±J H$s JB© h¡ Am¡a {OgHo$ g§~§Y ‘|
Am`H$a àm{YH$aU Ho$ ñVa na gwYma Am{X {H$E OmZo h¢ & Bg g§~§Y ‘| ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo Am`H$a
AmXoem| Ho$ gwYma hoVw AnZo Odm~ / g§emo{YV [aQ>Z© XmpIb H$a {XE h¢ &
I. godm H$a : {dÎmr` df© 2012-13 Am¡a 2015-16 Ho$ {bE godm-H$a Ho$ ^wJVmZ Ho$ g§~§Y ‘| ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©> (go~r) Ho$ pIbm’$ Ý`m`{ZU©`Z (AOy{S>Ho$eZ) H$m`©dm{h`m± ewê$ H$s JB© h¢ & Bg ‘m‘bo H$mo ^maVr` à{V^y{V
Am¡a {d{Z‘` ~moS©> (go~r) Ho$ ~moS©> Ho$ g‘j aIm J`m, Vm{H$ Bg g§~§Y ‘| ~moS©> H$s am` OmZr Om gHo$ {H$ `{X OrEgQ>r
Ed§ Ho$ÝÐr` CËnmX-ewëH$ Ho$ {àpÝgnb Am`wº$ (H${‘eZa) Ho$ H$m`m©b` (‘w§~B© nyd©) H$s Amoa go H$moB© à{VHy$b AmXoe
àmá hmoVm h¡, Vmo Eogo ‘| AmJo Š`m H$X‘ CR>m`m OmE & 28 ‘mM©, 2018 H$mo ~moS©> H$s 176dt ~¡R>H$ hþB©, {Og‘| ~moS©> Zo
Bg ‘gbo na {dMma-{d‘e© {H$`m Am¡a Bg ~mV na gh‘Vr ~Zr {H$ ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) H$mo JV
Ad{Y Ho$ {bE godm-H$a AXm H$aZo H$m Xm`r Zht ~Zm`m OmZm Mm{hE Am¡a ~moS©> H$m `h ‘V Wm {H$ ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©> (go~r) Ho$ nmg grOrEgQ>r Ed§ Ho$ÝÐr` CËnmX-ewëH$ Am`wº$, ‘w§~B© Ûmam ewê$ H$s JB© {ZYm©aU H$m`©dm{h`m|
(Agog‘|Q> àmogrqS>½g) H$mo MwZm¡Vr XoZo H$m ‘O~yV AmYma Vmo h¡ hr Am¡a gmW hr gmW godm H$a H$s ‘m±J (ã`mO g{hV)
Ho$ pIbm’$ VWm `{X CZHo$ Ûmam H$moB© empñV bJmB© OmVr h¡, Vmo Cg empñV Ho$ pIbm’$ ^r Anrb XmpIb H$aZo H$m
‘O~yV AmYma h¡ &
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Zo ‘mZZr` grB©EgQ>rEQ>r Ho$ g‘j Anrb XmpIb H$aZo Ho$ {bE VmarI
27 OwbmB© 2018 Ho$ MmbmZ Ho$ ‘mÜ`‘ go ` 9,77,29,511/- (‘m±Jo JE godm H$a H$m 7.5%) H$s aH$‘ O‘mZVr
O‘mam{e ({gŠ`y[aQ>r {S>nm°{µOQ>) Ho$ ê$n ‘| O‘m H$am Xr h¡ & ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Zo Bg AmXoe
Ho$ pIbm’$ ‘mZZr` grB©EgQ>rEQ>r Ho$ g‘j VmarI 1 AJñV, 2018 H$mo Anrb XmpIb H$a Xr & {’$bhmb `h Anrb
‘mZZr` grB©EgQ>rEQ>r Ho$ g‘j b§{~V h¡ &
J. {H$amE go hþB© Am‘XZr na godm H$a : {dÎmr` df© 2013-14 go {dÎmr` df© 2017-18 (30 OyZ, 2017 VH$) VH$
H$s Ad{Y Ho$ Xm¡amZ, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo J¡a-[ahmèr n[agam| H$mo {H$amò na XoZo go Omo Am‘XZr
hþB© Cg na godm H$a H$m ^wJVmZ H$aZo Ho$ g§~§Y ‘| ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo VmarI 25 Aºy$~a, 2018
H$s H$maU ~VmAmo gyMZm gh ‘m±J gyMZm (emo H$m°µO H$‘ {S>‘m§S> Zmo{Q>g) àmá hþB© & Bg g§~§Y ‘|, ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©> Zo 22 Aà¡b, 2019 H$mo godm H$a Ho$ ê$n ‘| ` 1,74,95,548/- H$s aH$‘ O‘m H$am Xr & Bg godm H$a
36
Ho$ ^wJVmZ Ho$ g§~§Y ‘|, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo ^r J¡a-[ahmèr n[agam| Ho$ {H$amòXmam| go `h aH$‘ AXm
H$aZo H$mo H$hm h¡ &
K. Am` H$a : {d{^Þ {dH«o$VmAm|, ~¢H$m| Am{X, Ûmam JbVr go H$mQ>o JE Q>rS>rEg H$s aH$‘ bm¡Q>mZo ([a’§$S> H$aZo) H$m Xmdm
H$aZo Ho$ {bE, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo Am`H$a A{Y{Z`‘, 1961 Ho$ àmdYmZm| Ho$ AZwgma {ZYm©aU df©
2017-18 Ho$ {bE Am` H$a {ddaUr (BZH$‘ Q>¡Šg [aQ>Z©) XmpIb H$a Xr h¡ & ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>
H$mo Am`H$a {d^mJ go Ymam 143(1) Ho$ VhV gyMZm (Zmo{Q>g) àmá hþB© h¡, {OgHo$ A§VJ©V {ZYm©aU df© 2017-18 hoVw
XmpIb H$s JB© Am`H$a {ddaUr (BZH$‘ Q>¡Šg [aQ>Z©) H$s ~m~V Am`H$a {d^mJ Zo Am`H$a g§~§Yr Xo`Vm (XoZXmar) Ho$
g§~§Y ‘| ` 69,61,83,490/- H$s aH$‘ H$s ‘m±J H$s JB© Wr & CgHo$ ~mX, Bg Zmo{Q>g Ho$ Odm~ ‘|, 3 Aà¡b, 2019
H$mo Am`H$a {d^mJ H$mo Am°ZbmBZ hr Odm~ àñVwV H$a {X`m J`m h¡, {Og‘| `h C„oI {H$`m J`m h¡ {H$ ^maVr` à{V^yV
Am¡a {d{Z‘` ~moS©> EH$ ñdm`Îm {ZH$m` h¡ {OgH$s ñWmnZm ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 (go~r
EŠQ>, 1992) Ho$ VhV H$s JB© & ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 H$s Ymam 25 Ho$ AZwgma ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> H$s Am` H$mo Am`H$a go Ny>Q> àmá h¡ &
L>. ‘OXyar H$s AXm`Jr : R>oHo$Xma Ûmam V¡ZmV ñQ>m’$ H$mo ‘OXyar H$s AXm`Jr go g§~§{YV H$mZyZr ‘m‘bm| go Ow‹S>o {ddmXmñnX
Xmdm| H$mo F$U Zht ‘mZm J`m h¡, Am¡a Omo ‘mZZr` Ý`m`mb`m| Ho$ A§{V‘ AmXoem| Ho$ AÜ`YrZ h¡& Bg g§~§Y ‘|, Ý`m`mb`
Ho$ AmXoem| Ho$ AZwgaU ‘| Hw$b ` 0.02 H$amo‹S> H$s aH$‘ Ý`m`mb`m| Ho$ nmg O‘m aIr JB© h¡ Am¡a {Ogo ""AÝ` O‘mE±''
Ho$ A§VJ©V Xem©`m J`m h¡ ({nN>bo df© : ` 0.02 H$amo‹S>) Am¡a `m{MH$m A^r ^r {dMmamYrZ h¡ &
M. ZJanm{bH$m H$am| H$s j{Vny{V© : VmarI 5 ‘B©, 2010 Ho$ g‘Pm¡Vm H$ama (goQ>b‘|Q> EJ«r‘|Q>) Ho$ AZwgaU ‘|, ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> Zo A{V[aº$ ZJanm{bH$m H$am| Ho$ ^wJVmZ hoVw ` 0.31 H$amo‹S> H$s A{YH$V‘ XoZXmar Ho$ g§~§Y
‘| j{Vny{V© ~§YnÌ H$m àmdYmZ {H$`m h¡ ({nN>bo df©: ` 0.31 H$amo‹S>) &
N>. ’$sg bm¡Q>mE OmZo g§~§Yr Xmdo : Anrb àm{YH$mar / Ý`m`mb`m| Ho$ g‘j ’$sg Ho$ g§~§Y ‘| Mb aho {d{^Þ ‘m‘bm| Ho$
Ý`m`{ZU©`Z Ho$ AÜ`YrZ, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (ã`mO Xm{`Ëd {Z`{‘VrH$aU) ñH$s‘, 2004 Ho$ VhV
`m CgHo$ ~mX Xbmbm| Ûmam nhbo AXm H$s JB©, ’$sg (Omo {damoY OVmVo hþE AXm H$s JB© Wr) bm¡Q>mE OmZo Ho$ g§~§Y ‘|
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$ nmg Xmdo Am gH$Vo h¢ & hmbm±{H$, H$m’$s A{YH$ ì`mnmamdV© (Q>Z© Amoda) VWm
’$sg g§~§Yr Am±H$‹S>m| Am¡a Ý`m`mb` Ho$ {d{^Þ àH$ma Ho$ ‘m‘bm| H$s dOh go BZH$s JUZm Zht H$s Om gH$Vr &
O. n[a{ZYm©[aV hOm©Zo ({b{¹$So>Q>oS> S¡>‘oµOoµO) H$m àmdYmZ Z hmoZm: AÝ` Am` ‘| n[a{ZYm©[aV hOm©Zo ({b{¹$So>Q>oS> S¡>‘oµOoµO)
H$s ` 6,75,01,062/- H$s aH$‘ em{‘b Zht h¡ Omo go~r Ho$ E§Q>aàmBµOoµO nmoQ>©b àmoOoŠQ> Ho$ gm°âQ>doà ’o$µO - 1 Am¡a
gm°âQ>doà ’o$µO - 2 Ho$ {H«$`mÝd`Z ‘| hþB© Xoar Ho$ H$maU bJm`m J`m h¡ &
Am§V[aH$ AmH$bZ Ho$ AmYma na ` 6,75,01,062/- H$s aH$‘ dgybr OmZr h¡ & Bgo {àpÝg’$b Am°’$ H$Ýgd}{Q>dµÁ‘
Ho$ AmYma na AÝ` Am` H$m {hñgm Zht ‘mZm J`m h¡, Š`m|{H$ Bg g§~§Y ‘| V~ VH$ A{Z{üVVm h¡ O~ VH$ {H$ àmoOoŠQ>
Ho$ g^r ñQ>oH$hmoëS>g© H$s gh‘{V go `h V` Z hmo OmE {H$ n[a{ZYm©[aV hOm©Zo hoVw {H$VZr aH$‘ dgybr OmZr h¡ &
1. Contingent Liabilities: The details of Contingent Liabilities are as under:
a. TDS: There is an aggregate tax demand of ` 0.19 crore from Income Tax authorities in respect of TDS
deducted and remitted (Previous year: ` 0.22 crore) with respect to period from FY 2007-08 to FY 2017-18.
The year wise break up of such TDS demand is as follows:
Financial Year 2007-08 2008-09 2009-10 2011-12 2012-13 2013- 14
Demand In ` 85,780.00 1,010.00 410.00 18,12,580.00 3,280.00 560.00

Financial Year 2014-15 2015-16 2016-17 2017-18 2018-19
Demand In ` 610.00 40.00 5,640.00 4,940.00 NIL
37
The aforesaid demand has arisen on account of mis-match of the tax deducted vis-à-vis tax deposited in
the system and are subject to revision/rectification by the Income Tax authority. SEBI has filed its response/
revised Returns for rectification of IT orders in respect of the same.
b. Service Tax: The adjudication proceedings has been initiated against SEBI in the matter of payment of
service tax for the F.Y. 2012-2013 to 2015-2016. The matter was placed before the SEBI Board seeking
guidance w.r.t. further action to be taken, in case of adverse order if any, of the Office of the Principle
Commissioner of GST & C.Ex, Mumbai East. 176th Board meeting was held on March 28, 2018 wherein
the Board deliberated on the issue and agreed that SEBI should not be made liable to pay service tax for the
past period and was of the view that SEBI has a strong ground to challenge the assessment proceedings
instituted by the Commissioner CGST, C.Ex, Mumbai and file appeal against service tax demand including
interest and imposition of penalty, if any raised by him.
SEBI has deposited an amount of ` 9,77,29,511/- vide challan dated July 27, 2018 as security deposit for
filing an appeal before the Hon'ble CESTAT (7.5 % of service tax demanded). SEBI has filed an appeal
before CESTAT against the said order on August 01, 2018. The said appeal is now pending before Hon'ble
CESTAT.
c. Service Tax Rental income: SEBI has received a show cause cum demand notice dated October 25,
2018 with respect to payment of service tax on rental income received on non- residential premises by SEBI
during the period FY 2013-14 to FY 2017-18 (upto 30th June 2017). In this regard, SEBI has deposited the
service tax of ` 1,74,95,548/- on April 22, 2019. With respect to the said service tax payment, SEBI also
made a demand of the same from lessees of leased out non- residential premises.
d. Income Tax: In order to claim the refund of TDS wrongly deducted by various vendors, Banks etc., SEBI
had filed income tax returns as per the Provisions of Income Tax Act, 1961 for the assessment year 2017-
18. SEBI is in receipt of a notice/s 143(1) from Income Tax department raising a demand of ` 69,61,83,490/-
towards income tax liability with respect to the return filed for the assessment year 2017-18. Further, in
response to the said notice, on April 03, 2019 online reply has been submitted to Income Tax Department
stating that Securities and Exchange Board of India (SEBI) is an autonomous body set by virtue of SEBI
Act, 1992. As per Section 25 of SEBI Act, 1992 the Income of SEBI is exempt from Income Tax.
e. Payment of Wages: Disputed Claims representing legal cases, regarding payment of wages to staff placed
by the contractor are not acknowledged as debts and is subject to the final orders of Hon’ble Courts. In
this regard deposits aggregating ` 0.02 crore was placed with Courts, pursuant to Court orders and shown
under “Other Deposits” (Previous year: ` 0.02 crore) and the petition is still pending.
f. Indemnity for Municipal taxes: Pursuant to Settlement Agreement dated 5th May, 2010, SEBI has provided
an Indemnity Bond with a maximum liability of ` 0.31 crore towards payment of additional municipal taxes
(Previous year: ` 0.31 crore).
g. Claims for refund of fee: Subject to adjudication of various fee related matters pending before Appellate
Authority/Courts, there may arise claims against SEBI for refund of fees earlier made, under protest, by the
brokers under the SEBI (Interest regularization) Scheme 2004 or thereafter. The same, however, cannot
be quantified due to voluminous turnover and fee data and different types of court matters.
h. Non provision of Liquidated Damages: The other income does not include ` 6,75,01,062/- being
liquidated damages charged on account of delay in implementation of Software Phase-I and Software
Phase-2 of SEBI enterprises portal project.
An amount of ` 6,75,01,062 to be recovered is based on the internal assessment. The same is not
considered as part of other income on the basis of principle of conservatism as the same is uncertain till
the time the amount to be recovered for liquidation damages becomes final after the acceptances by all
stakeholders of the project.
38
2. ny±OrJV à{V~ÕVm : ny±OrJV boIo (H¡${nQ>b EH$mC§Q>) ‘| H$m°ÊQ´¡ŠQ> (Omo A^r nyao Zht hþE) H$s AZw‘m{ZV aH$‘ (A{J«‘m| H$mo
KQ>mH$a) ` 50.28 H$amo‹S> h¡ ({OgHo$ {bE àmdYmZ ^r Zht {H$`m J`m) ({nN>bo df© `h aH$‘ ` 785.42 H$amo‹S> Wr) &
2. Capital Commitment: Estimated amount of Contracts remaining to be executed on Capital Account (net of
advances) and not provided for is ` 50.28 crore (Previous Year ` 785.42 crore).
3. H$am| Ho$ {bE àmdYmZ : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 H$s Ymam 25 Ho$ VhV Am` VWm YZ na H$a go
Ny>Q> hmoZo Ho$ ‘ÔoZµOa, boIm| ‘| Am`-H$a / YZ-H$a Ho$ {bE H$moB© àmdYmZ Zht {H$`m J`m h¡ &
3. Provision for taxes: In view of the exemption from tax on income and wealth under section 25 of the Securities
and Exchange Board of India Act, 1992, no provision for Income Tax / Wealth Tax is made in the accounts.
4. Xbmbm| g§~§Yr ’$sg H$m boIm-OmoIm : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (ñQ>m°H$ Xbmb Am¡a Cn-Xbmb) {d{Z`‘, 1992 ‘|
g§emoYZ go nyd© AZwgyMr III Ho$ VhV ZH$Xr I§S> (H¡$e goJ‘|Q>) Ho$ Xbmbm| go VWm AZwgyMr IV Ho$ VhV ì`wËnÞr I§S> (So>[ado{Q>d
goJ‘|Q>) Ho$ Xbmbm| go {‘bZo dmbr ’$sg H$m boIm-OmoIm {ZåZ{bpIV H$maUm| Ho$ ‘ÔoZµOa àm{á AmYma na aIm J`m h¡ &
E ŠgM|Om| Ho$ ZH$Xr I§S>m| (H¡$e goJ‘|Q>) Ho$ Xbmbm| Ûmam Xo` ’$sg H$mo boH$a Hw$N> Xbmbm| Zo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>
H$s ’$sg bJmZo H$s j‘Vm, ’$sg Ho$ AmYma, ì`mnmamdV© (Q>Z©Amoda) H$s n[a^mfm, g§JUZm nÕ{V Ho$ g§~§Y ‘| {d{^Þ Ý`m`mb`m|
Ho$ g‘j {damoY OVm`m h¡ & CƒV‘ Ý`m`mb` Ho$ ’$adar 2001 Ho$ {ZU©` ({OgHo$ A§VJ©V ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>
H$s ’$sg bJmZo H$s e{º$`m| H$mo ‘mÝ` R>ham`m J`m Am¡a ’$sg bJmZo Ho$ AmYma H$m AZwg‘W©Z {H$`m J`m) Ho$ ~mdOyX, A~ ^r
à{V^y{V Anrbr` Ý`m`m{YH$aU (g¡Q>), CÀM Ý`m`mb`m| Am¡a CƒV‘ Ý`m`mb` Ho$ g‘j ’$sg Ho$ {d{^Þ nhbwAm| go g§~§{YV
H$B© ‘m‘bo Mb aho h¢ & VWm{n, MyH$ H$m {Z`{‘VrH$aU H$aZo Ho$ g§~§Y ‘| ñQ>m°H$ Xbmbm| H$mo g‘W© ~ZmZo hoVw, EH$~maJr Adga
àXmZ H$aZo Ho$ {bE, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo 2004 ‘| ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (ã`mO Xm{`Ëd
{Z`{‘VrH$aU) ñH$s‘ Ama§^ H$s & hmbm±{H$, H$B© Xbmbm| Zo Bg ñH$s‘ H$m bm^ CR>m`m h¡ Am¡a ^wJVmZ {H$E h¢, VWm{n Hw$N>
Xbmb Ý`m`mb`m| Ho$ {ZU©`m| H$m B§VµOma H$a aho h¢ & O~ VH$ {H$ Ý`m`mb`m| Ûmam ‘m‘bm| H$mo nyar Vah {ZnQ>m Zht {X`m OmVm,
~moS©> H$m `h ‘mZZm h¡ {H$ Am` H$mo boIm| ‘| Cn{MV {H$E OmZo H$s Oê$aV Zht h¡, Š`m|{H$ ‘m‘bm Ý`m`mYrZ h¡ & AmB©grEAmB©
Ho$ boIm-‘mZH$ 9 Ho$ n¡am 9 (`m{Z {H$ - ""amOñd A{^kmZ na A{Z{üVVmAm| H$m à^md'') Ho$ AZwgma, Cggo hmoZo dmbr
Am` {Z{üV Zht h¡ & Bg{bE, Am` H$m A{^kmZ dgybr VH$ ñW{JV H$a {X`m J`m h¡ &
4. Accounting of broker fee: Fees from brokers of cash segment under schedule III and brokers of derivative
segment under schedule IV prior to amendment of stock brokers and sub brokers regulation 1992 are accounted
on receipt basis in view of the reasons mentioned below:
ees payable by brokers of the cash segments of the Exchanges has been contested by some of the brokers on
F
the grounds of SEBI’s competence to levy fees, the basis of fees, definition of turnover, computation methodology,
before various courts. Despite Supreme Court judgement in February 2001, which upheld SEBI's powers to levy
fees and ratified the basis of levy of fees, there are still a large number of cases pending before the Securities
Appellate Tribunal (SAT), High Courts and the Supreme Court relating to different aspects of the fees. However,
to provide a one-time opportunity, to enable the Stock Brokers, to regularise the default, SEBI came out with the
SEBI (Interest Liability Regularisation) Scheme in 2004. Though many brokers have availed of the Scheme and
made payments, some are awaiting decisions from the Courts. Until the Courts finally dispose-off the issues,
the Board is of the view that the income need not be accrued in the accounts, as being sub-judice. The income
therefrom is not certain, in terms of AS 9 of ICAI, as per Para 9 “Effect of uncertainties on Revenue Recognition”.
Therefore the recognition of revenue is postponed to realisation
5. nÅ>o na H$m`m©b` VWm [ahmèr n[aga : ~moS©> Zo BOmOV Am¡a AZwk{á (brd E§S> bmBg|g) B§VOm‘m| Ho$ AmYma na nÅ>o Ho$ VhV
[ahmèr VWm H$m`m©b` n[aga {bE h¢ & BÝh| gm‘mÝ`V: aÔ {H$`m Om gH$Vm h¡ Am¡a {OZH$s Ad{Y 12 ‘hrZm| go 60 ‘hrZm| Ho$
~rM H$s h¡ Am¡a BÝh| nañna gh‘V eVm] Ho$ AmYma na ZdrH¥$V {H$`m Om gH$Vm h¡ & ~moS©> Zo Hw$N> H$amaZm‘m| Ho$ VhV ã`mO‘wº$
O‘mZVr O‘mam{e`m± (Omo dmng H$s Om gH$Vr h¢) Xr hþB© h¢ & nÅ>m g§~§Yr ^wJVmZm| H$m A{^kmZ Am`-ì`` boIo ‘| "{H$am`m,
39
Xa| Ed§ H$a' erf© Ho$ VhV {H$`m J`m h¡ & ~moS©> Zo AnZo Hw$N> [ahmèr Ed§ H$m`m©b` n[aga nÅ>o na {XE h¢ & ò gm‘mÝ`V: aÔ
Zht {H$E Om gH$Vo h¢ Am¡a Omo 12 ‘hrZm| go 60 ‘hrZm| H$s Ad{Y Ho$ {bE h¢ Am¡a {OZH$m ZdrH$aU nañna gh‘V eVm] Ho$
AmYma na {H$`m Om gH$Vm h¡&
5. Office and Residential Premises on Lease: The Board has taken residential and office premises under operating
lease on leave and license arrangements. These are generally cancellable and range between 12 months to 60
months and are renewable by mutually agreeable terms. The Board has given refundable interest free security
deposits under certain agreements. Lease payments are recognised in the Income and Expenditure Account,
under the head ‘Rent, Rates and Taxes’. The Board has given some of its residential and office premises under
operating lease. These are generally non-cancellable and are for a period of 12 months to 60 months and are
renewable by mutually agreeable terms.
6. ^maVr` à{V^y{V Am¡a {d{Z‘` ~moSz©> (go~r) Ho$ ~MV / âboŠgr ImVm| ‘| eof am{e`m± : àË`n©U {Z{Y ({S>ñJm°O©‘|Q> ’§$S>) go
g§~§{YV ` 6.57 H$amo‹S> H$s aH$‘ Am¡a à{V^y{V Anrbr` Ý`m`m{YH$aU (g¡Q>) Ho$ A§V[a‘ (B§Q>[a‘) AmXoem| go g§~§{YV ` 0.23
H$amo‹S> H$s aH$‘ ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ ~MV / âboŠgr ImVo ‘| aIr JB© h¡ &
6. Balances kept in SEBI's Savings / Flexi Account: An amount of ` 6.57 Crore with regard to Disgorgement fund
and ` 0.23 Crore SAT Interim Orders is kept in SEBI's Savings / Flexi Account.
7. CnXmZ (J«oÀ`wQ>r) Ed§ Nw>{Å>`m| H$m ZH$XrH$aU (Nw>{Å>`m± ^wZmZm) : ~moS©> Zo ^maVr` MmQ>©S©> EH$mC§Q>|Q> g§ñWmZ (AmB©grEAmB©) Ûmam
Omar boIm-‘mZH$ 15 (g§emo{YV 2005) ""H$‘©Mmar àgw{dYmE±'' H$mo AnZm`m h¡ & ~moS©> Zo AnZo H$‘©Mm[a`m| H$s ~m~V CnXmZ
(J«oÀ`wQ>r) Am¡a Nw>{Å>`m| Ho$ ZH$XrH$aU (Nw>{Å>`m| H$mo ^wZmZo) g§~§Yr Xo`VmAm| Ho$ g§~§Y ‘| ^maVr` OrdZ ~r‘m {ZJ‘ H$s H«$‘e:
J«wn J«oÀ`wQ>r ñH$s‘ Am¡a J«wn brd EZH¡$e‘|Q> ñH$s‘ Ho$ O[aE àmdYmZ {H$`m h¡ &
7. Gratuity and Leave Encashment: The Board has adopted Accounting Standard 15 (revised 2005) ‘Employee
Benefits’ issued by the Institute of Chartered Accountants of India (ICAI). The Board has funded the Gratuity
and Leave encashment liabilities in respect of its employees with Group Gratuity Scheme and Group Leave
encashment scheme respectively, of LIC of India.
The relevant contents of actuarial valuation report is given below:
~r‘mqH$H$ ‘yë`m§H$Z [anmoQ>© Ho$ g§~§{YV {ddaU ZrMo {XE JE h¢:

(i) gmaUr ‘| Xo`VmAm| Ho$ dV©‘mZ ‘yë` ‘| n[adV©Z H$mo Xem©`m J`m h¡ &
(i) Table showing changes in present value of obligations:
gmaUr - 1 / Table - 1
(H$amo‹S> ` ‘| / ` in crore)
Nw>{Å>`m| H$m ZH$XrH$aU
CnXmZ (J«oÀ`wQ>r)
Gratuity (Nw>{Å>`m± ^wZmZm)
{ddaU Leave Encashment
Particulars {dÎmr` df© {dÎmr` df© {dÎmr` df© {dÎmr` df©
2018-19 2017-18 2018-19 2017-18
FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18
df© Ho$ Ama§^ ‘| ~mÜ`Vm H$m dV©‘mZ ‘yë` 78.01 71.60 89.88 89.07
Present value of obligation as at beginning of year
Omo‹S>| : ã`mO bmJV/Add: Interest Cost 5.94 5.17 6.73 6.41
Omo‹S>| : Mmby godm bmJV/Add: Current service cost 7.41 7.63 8.33 10.52
40
KQ>mE± : àgw{dYmE± ({OZHo$ g§~§Y ‘| ^wJVmZ {H$`m J`m) (1.67) (1.58) (4.90) (2.39)
Less: Benefits paid
Omo‹S>| : nyd© godm bmJV/Add: Past Service Cost 0.00 0.00 0.00 0.00
Omo‹S>| : ~mÜ`VmAm| na ~r‘m§{H$H$ (bm^) / hm{Z (3.38) (4.81) 0.16 (13.73)

Add: Actuarial (gain)/Loss on obligations
VwbZ-nÌ H$s AZwgyMr 5I Ho$ AZwgma df© Ho$ A§V ‘|

~mÜ`VmAm| H$m dV©‘mZ ‘yë` 86.30 78.01 100.20 89.89
Present value of obligations as at end of year as
per Schedule 5B of the Balance Sheet
(ii) gmaUr ‘| `moOZmJV AmpñV`m| (ßbmZ AgoQ²g) Ho$ C{MV ‘yë` ‘| hþE n[adV©Z H$mo Xem©`m J`m h¡ :
(ii) Table showing changes in the fair value of plan assets:
Nw>{Å>`m| H$m ZH$XrH$aU
CnXmZ (J«oÀ`wQ>r)
Gratuity (Nw>{Å>`m± ^wZmZm)
{ddaU Leave Encashment
2018-19 2017-18 2018-19 2017-18
FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18
df© Ho$ Ama§^ ‘| `moOZmJV AmpñV`m| (ßbmZ AgoQ²g)

H$m dV©‘mZ ‘yë` 74.25 56.00 89.58 64.04
Present value of plan assets at beginning of year
Omo‹S>| : `moOZmJV AmpñV`m| (ßbmZ AgoQ²g) na

àË`m{eV à{V’$b 5.86 5.04 6.90 5.94
Add: Expected return on plan assets
Omo‹S>| : A§eXmZ/Add: Contributions 3.77 15.60 0.31 25.03
KQ>mE± : àgw{dYmE± ({OZHo$ g§~§Y ‘| ^wJVmZ {H$`m J`m) (1.75) (1.72) (0.27) (4.49)
Less: Benefits paid
Omo‹S>| : ~r‘m§{H$H$ bm^ / (hm{Z) (0.03) (0.67) 0.08 (0.95)

Add: Actuarial Gain / (Loss)
VwbZ-nÌ H$s AZwgyMr 5I Ho$ AZwgma df© Ho$ A§V ‘|

`moOZmJV AmpñV`m| (ßbmZ AgoQ²g) H$m C{MV ‘yë` 83.66* 74.25 96.60* 89.57
Fair value of plan Assets at the end of year as per
Schedule 5B of Balance sheet
* CnXmZ (J«oÀ`wQ>r) Ho$ g§~§Y ‘| ` 1.50 H$amo‹S> H$s aH$‘ Am¡a Nw>{Å>`m| Ho$ ZH$XrH$aU (Nw>{Å>`m± ^wZmZo) Ho$ g§~§Y ‘| ` 4.63
H$amo‹S> H$s aH$‘ H$s ~m~V {dÎmr` df© 2018-19 Ho$ Xm¡amZ AXm H$s JB© aH$‘ H$m g‘m`moOZ boIm ~{h`m| ‘| ^maVr`
OrdZ ~r‘m {ZJ‘ H$s Amoa go àmá hmoZo dmbr aH$‘ Ho$ ê$n ‘| H$a {X`m J`m &
* Adjustment for receivables from LIC against the benefits paid during the FY 2018-19 towards Gratuity of
` 1.50 crore and leave encashment of ` 4.63 crore have been made in the books of accounts.
41
(iii) ‘yb ~r‘m§{H$H$ AmH$bZ :
(iii) The principle actuarial assumptions :
(H$amo‹S> `
‘| / ` in crore)
CnXmZ (J«oÀ`wQ>r) Nw>{Å>`m| H$m ZH$XrH$aU (Nw>{Å>`m± ^wZmZm)
Gratuity Leave Encashment
{ddaU
2018-19 2017-18 2018-19 2017-18
FY 2018-19 FY 2017-18 FY 2018-19 FY 2017-18
[a`m`Vr Xa
7.65% 7.70% 7.65% 7.70%
Discount rate
doVZ d¥{Õ 10.00% 10.00% 10.00% 10.00%

Salary escalation
8. ^{dî` {Z{Y : {dÎmr` df© 2017-18 hoVw {H$E JE ~r‘m§{H$H$ ‘yë`m§H$Z (EŠMyE[a`b d¡ë`yEeZ) Ho$ AmYma na, ^maVr` à{V^y{V
Am¡a {d{Z‘` ~moS©> (go~r) Zo 31 ‘mM©, 2019 H$mo g‘má df© hoVw boIm ~{h`m| ‘| ‘net interest rate guarantee liability’ Ho$
{bE Amdí`H$ àmdYmZ H$a {XE h¢ & ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) {dÎmr` df© 2018-19 hoVw ~r‘m§{H$H$ ‘yë`m§H$Z
(EŠMyE[a`b d¡ë`yEeZ) H$adm ahm h¡ & hmbm±{H$, à~§Y-‘§S>b H$s am` ‘| BgH$m H$moB© ‘hÎdnyU© à^md Zht n‹S>oJm &
8. Provident Fund: Based on the actuarial valuation for the F.Y. 2017-18, SEBI has made necessary provisions
for net interest rate guarantee liability in the books of accounts for the year ended March 31, 2019. SEBI is in
the process of obtaining the actuarial valuation for F.Y. 2018-19. However in the opinion of the Management, the
impact is not material.
9. {d{dY XoZXmam| ‘| {ZåZ{bpIV em{‘b h¢ :

9. Sundry Debtors comprise the following:
(H$amo‹S> `
‘| / ` in crore)
31 ‘mM©, 2019 VH$ 31 ‘mM©, 2018 VH$
{ddaU H$s pñW{V Ho$ AZwgma H$s pñW{V Ho$ AZwgma
Particulars As on As on
March 31, 2019 March 31, 2018
{d{^Þ ñQ>m°H$ EŠgM|Om| go àmßV hmoZo dmbr gyMr~ÕVm ’$sg A§eXmZ

Listing Fees contribution receivable from various Stock 0.91 2.10
Exchanges
{d{^Þ ñQ>m°H$ EŠgM|Om| go àmá hmoZo dmbr {d{Z`m‘H$ ’$sg 25.52 22.79
Regulatory fee receivable from various Stock Exchanges
{ZjonmJma ({S>nm°{OQ>ar) go àmá hmoZo dmbo dm{f©H$ A{âjm (H$ñQ>S>r) ewëH$ 0.00 0.15
Annual Custody Chgs, Receivable- Depositories
à{V^y{V A{âjH$ go àmá hmoZo dmbo dm{f©H$ ’$sg 48.47 40.64

Annual Fees receivable from Custodian of Securities
Xbmb ’$sg - ZH$Xr I§S> /Broker Fees – Cash Segment 0.29 2.07
42
ì`wËnÞr - B{¹$Q>r (E’$ E§S> Amo) / Derivatives – Equity (F&O) 5.25 5.48
ì`wËnÞr - ‘wÐm (H$a§gr) / Derivatives – Currency 1.90 1.21
àmá hmoZo dmbr {d{Z`m‘H$ ’$sg - E’$drgrAmB© Ed§ E’$nrAmB© 5.22 4.54
Regulation Fees Receivable-FVCI and FPI
H$‘mo{S>Q>r ì`wËnÞr Ho$ ñQ>m°H$ EŠgM|Om| go {d{Z`m‘H$ (ao½`yboQ>ar) ’$sg 0.02 4.79
Regulatory Fees from Commodity Derivative - stock exchanges
àmá hmoZo dmbr ’$sg - H$‘mo{S>Q>r ì`wËnÞr Xbmb 4.02 1.62

Fees Receivable - Commodity Derivatives Brokers
àmá hmoZo dmbr ’$sg - ã`mO Xa ì`wËnÞr (So>[ado{Q>d) 0.01 0.03

Fees Receivable- Interest Rate Derivatives
àmá hmoZo dmbr ’$sg - Ho$dmB©gr a{OñQ´rH$aU ’$sg - -

Fees Receivable- KYC Regn Fees
{d{Z`m‘H$ ’$sg - {ZOr ñWmZZ (àmBdoQ> ßbog‘|Q>) - F$U (S¡>Q>) - -

Regulatory Fees Private placement –Debt
àmá hmoZo dmbr ’$sg - AÝ` / Fees Receivable - Others 2.96 0.25
àmá hmoZo dmbr ’$sg - nmoQ>©’$mo{b`mo à~§YH$/ 1.90 -

Fees Receivable – Portfolio Manager
àmá hmoZo dmbr ’$sg - ‘M]Q> ~¢H$H$ma / 0.38 -

Fees Receivable – Merchant Bankers
àmá hmoZo dmbr ’$sg - {Zdoe gbmhH$ma / 0.45 -

Fees Receivable – Investment Advisor
àmá hmoZo dmbr aH$‘ - AmaQ>rAmB© Ed§ EgQ>rE / -

0.05
Receivable – RTI & STA
àmá hmoZo dmbr aH$‘ - {S>~oÝMa Ý`mgr / -

0.09
Receivable – Debenture Trustee
Hw$b / TOTAL 97.44 85.67
10. {dXoer ‘wÐm ‘| Am` :

10. Earnings in Foreign Currency:
31 ‘mM©, 2019 VH$ 31 ‘mM©, 2018 VH$
March 31, 2019 March 31, 2018
{dXoer OmopI‘ ny±Or {Z{Y`m|, {dXoer nmoQ>©’$mo{b`mo {ZdoeH$ - àdJ© I,II,III,

{JâQ> {gQ>r go àmßV ’$sg 66.60 71.62
Fees from Foreign Venture Capital Funds, Foreign Portfolio
Investor – Cat I,II,III, Gift City.
43
11. {dXoer ‘wÐm ‘| ì`` :
11. Expenditure in Foreign Currency:
31 ‘mM©, 2019 VH$ 31 ‘mM©, 2018 VH$
March 31, 2019 March 31, 2018
{dXoe `mÌm / Foreign Travelling 2.05 2.70
gXñ`Vm ’$sg Ed§ A{^XmZ 0.47 0.04

Membership Fees & Subscription
g§Jmoð>r, gå‘obZ, à{ejU, gbmhH$ma g{‘{V H$s ~¡R>H$ 0.93 0.96

Seminar, conference, training, Advisory Committee meeting
Hw$b / TOTAL 3.45 3.70
12. ~mobr ’$sg : 31 ‘mM© 2019 H$mo g‘má df© Ho$ Xm¡amZ, ~mobr ’$sg Ho$ ê$n ‘| ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo Hw$b
` 1.46 H$amo‹S> H$s aH$‘ àmá hþB© ({nN>bo df© : ` 70.26 H$amo‹S>), Omo ^maV H$s g§{MV {Z{Y ‘| O‘m H$am Xr JB© &
Bidding fees: During the year ended March 31, 2019, SEBI has received a sum of ` 1.46 crore as bidding fees
(Previous Year ` 70.26 crore) which has been remitted to Consolidated Fund of India (CFI).
13. empñV (noZëQ>r) / {ZnQ>mao (goQ>b‘|Q>) g§~§Yr à^mam| H$m àofU : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (g§emoYZ) A{Y{Z`‘,
2002 H$s Ymam 15ÄmH$ (15OoE) Ho$ AZwgma, ~moS©> H$mo 31 ‘mM©, 2019 H$mo g‘má df© Ho$ Xm¡amZ dgybr JB© empñV (noZëQ>r)
Ho$ ê$n ‘| Hw$b ` 16.07 H$amo‹S> H$s aH$‘ àmá hþB© ({nN>bo df©: ` 13.24 H$amo‹S>) VWm ^maV H$s g§{MV {Z{Y (grE’$AmB©) ‘|
` 15.96 H$amo‹S> H$s aH$‘ ({nN>bo df©: ` 13.48 H$amo‹S>) O‘m H$amB© JB© Am¡a njH$mam| H$mo ` 0.11 H$amo‹S> H$s aH$‘ dmng H$s
JB© & BgHo$ Abmdm, ~moS©> H$mo 31 ‘mM©, 2019 H$mo g‘má df© Ho$ Xm¡amZ {ZnQ>mao (goQ>b‘|Q>) g§~§Yr à^ma / e‘Z (H$ånmC§qS>J)
à^ma Ho$ ê$n ‘| Hw$b ` 45.35 H$amo‹S> H$s aH$‘ àmá hþB© ({nN>bo df© ` 33.89 H$amo‹S>), Omo ^maV H$s g§{MV {Z{Y ‘| O‘m H$amB©
JB© &
Remittance of penalty/settlement charges: In terms of Section 15JA of SEBI (Amendment) Act 2002, the
Board has received a sum of ` 16.07 Crore (Previous Year: ` 13.24 Crore) being penalty realized during the year
ended March 31, 2019 and remitted ` 15.96 Crore (Previous Year: ` 13.48 Crore) to the CFI and refunded ` 0.11
Crore to parties. Further, the Board has received a sum of ` 45.35 Crore (Previous Year ` 33.89 Crore) being
Settlement / Compounding charges received during the year ended March 31, 2019 and remitted the same to
CFI.
14. dgybr H$m`©dm{h`m± : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> A{Y{Z`‘, 1992 H$s Ymam 28H$ (28E), à{V^y{V g§{dXm ({d{Z`‘Z)
A{Y{Z`‘, 1956 H$s Ymam 23ÄmI (23Oo~r) VWm {ZjonmJma A{Y{Z`‘, 1996 H$s Ymam 19-PI (19-AmB©~r) Ho$ VhV
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo `h e{º$ àXmZ H$s JB© h¡ {H$ dh MyH$H$Vm©Am| ({S>’$m°ëQ>g©) go ~H$m`m aH$‘m| H$s dgybr
H$a gH$Vm h¡ & 31 ‘mM© 2019 H$mo g‘má df© Ho$ Xm¡amZ, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$mo AbJ-AbJ erfm] AWm©V²
dgybr àË`n©U ([aH$dar {S>ñJm°O©‘|Q>), dgybr empñV ([aH$dar noZëQ>r) Am¡a dgybr ’$sg ([aH$dar ’$sg) Am{X Ho$ VhV dgybr
H$m`©dm{h`m| Ho$ ê$n ‘| ` 130.45 H$amo‹S> ({nN>bo df© : ` 50.12 H$amo‹S>) H$s aH$‘ àmá hþB© h¡ &
Recovery Proceedings: SEBI has been empowered under section 28A of the SEBI Act, 1992, Sec-23 JB of
the Securities Contracts (Regulation) Act, 1956 and Sec-19-1B of the Depositories Act, 1996 to recover various
44
amounts due from defaulters. During the year ended March 31, 2019 SEBI has received ` 130.45 Crore (Previous
Year ` 50.12 Crore) as Recovery Proceedings under different heads viz. recovery disgorgement, recovery penalty
and recovery fees etc.
15. à{V^y{V Anrbr` Ý`m`m{YH$aU (g¡Q>) Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e`m± : à{V^y{V Anrbr` Ý`m`m{YH$aU Ûmam g‘`-g‘`
na Omar {H$E JE A§V[a‘ AmXoem| Ho$ AZwgaU ‘|, {d{^Þ ‘Ü`d{V©`m| (B§Q>a‘r{S>àrµO) Am¡a ~mOma gh^m{J`m| (‘mH}$Q>
nm{Q©>{gn|Q²g) Zo ~moS©> Ho$ nmg YZam{e O‘m H$s h¡ Am¡a {Ogo ""à{V^y{V Anrbr` Ý`m`m{YH$aU Ho$ AmXoe Ho$ AZwgma O‘mam{e
({S>nm°{µOQ>)'' erf© Ho$ VhV Xem©`m Om ahm h¡ & ã`mO g{hV ` 10.64 H$amo‹S> H$s aH$‘ (à{V^y{V Anrbr` Ý`m`m{YH$aU Ho$
AmXoe Ho$ AZwgma ã`mO-`wº$ O‘mam{e go g§~§{YV) Cgr ImVo ‘| n‹S>r h¡ ({nN>bo df© : ` 10.08 H$amo‹S>) &
Deposit pursuant to SAT Order: Pursuant to Interim Orders issued by Securities Appellate Tribunal (SAT) from
time to time, various intermediaries and market participants have deposited monies with the Board and the same
is being shown under the head ‘Deposit pursuant to SAT Order’. An amount of ` 10.64 crore together with interest
(pertaining to interest bearing deposit as per SAT Order) is lying in the same account (Previous year: ` 10.08
crore).
16. CÀMV‘ Ý`m`mb` Ho$ AmXoe Ho$ AZwgaU ‘| O‘mam{e`m± : [aQ> `m{MH$m ({H«${‘Zb - g§. 41/2016) Ho$ ‘m‘bo ‘| ‘mZZr`
CÀMV‘ Ý`m`mb` Ho$ AmXoe Ho$ AZwgaU ‘|, g‘¥Õ OrdZ ’y$S²g B§{S>`m {b{‘Q>oS> Zo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r)
Ho$ nmg ` 30 H$amo‹S> H$s aH$‘ O‘m H$s VWm ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo Bg aH$‘ H$mo ~¢H$ ‘| gmd{Y O‘m ({’$ŠñS>
{S>nm°{µOQ>) Ho$ ê$n ‘| aIm h¡ & ã`mO g{hV ` 35.35 H$amo‹S> H$s aH$‘ ‘mZZr` CƒV‘ Ý`m`mb` Ho$ AmXoemZwgma Eogr O‘mam{e
({S>nm°{µOQ>) {Og na ã`mO {‘bVm h¡ go g§~§{YV Bgr ImVo ‘| n‹S>r h¡ ({nN>bo df©: ` 33.38 H$amo‹S>) &
Deposit Pursuant to Supreme Court Order: Pursuant to the order of Hon’ble Supreme Court in the matter of
writ petition (Criminal No 41/2016), Samruddha Jeevan Foods India Limited has deposited an amount of ` 30.00
crore with SEBI and SEBI has kept the fund in fixed deposit with bank. An amount of ` 35.35 crore together with
interest (pertaining to interest bearing deposit as per Hon’ble Supreme Court Order) is lying in the same account
(Previous year: ` 33.38 crore)
17. AmB©nrB©E’$ go {‘bZo dmbr aH$‘ : {ZdoeH$ g§ajU Am¡a {ejU {Z{Y (AmB©nrB©E’$) H$s Amoa go ^maVr` à{V^y{V Am¡a {d{Z‘`
~moS©> Ûmam Omo ^wJVmZ {H$E OmVo h¢, dh aH$‘ {ZdoeH$ g§ajU Am¡a {ejU {Z{Y ‘| go bo br OmVr h¡, 31 ‘mM© 2019 VH$ H$s
pñW{V Ho$ AZwgma `h aH$‘ ` 2.46 H$amo‹S> ahr ({nN>bo df© ` 6.47 H$amo‹S>)&
Receivable from IPEF: Payments made by SEBI on behalf of Investor Protection and Education Fund (IPEF)
recoverable from IPEF as on 31st March, 2019 stands at ` 2.46 crore (Previous year: ` 6.47 crore).
18. amï´>r` à{V^y{V ~mOma g§ñWmZ (EZAmB©EgE‘): {dÎmr` df© 2018-19 Ho$ Xm¡amZ, EZAmB©EgE‘ nmVmbJ§Jm n[a`moOZm
(àmoOoŠQ>) Ho$ ßbm°Q> Am¡a ^dZ ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$ Zm‘ na A§V[aV (Q´m§g’$a) H$a {XE JE & `h ßbm°Q>
‘hmamï´> B§S>pñQ´`b So>dbn‘|Q> H$manmoaoeZ (E‘AmB©S>rgr) go b§~r Ad{Y Ho$ nÅ>o (95 dfm]) na {b`m J`m h¡ & ‘hmamï´> B§S>pñQ´`b
So>dbn‘|Q> H$manmoaoeZ (E‘AmB©S>rgr) VWm ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ ~rM nÅ>m {dboI (brO S>rS>)
8 ’$adar, 2019 H$mo {H$`m J`m, {Og‘| amï´>r` à{V^y{V ~mOma g§ñWmZ (EZAmB©EgE‘) nw{ï>H$Vm© nj (H$Ý’${‘ªJ nmQ>u) Wm &
CgHo$ ~mX 13 ’$adar, 2019 H$mo a{OñQ´rH$aU (n§OrH$aU) H$adm {b`m J`m &
NISM: During the F.Y. 2018-19, Land and Building of NISM- Patalganga Project have been transferred in
the name of SEBI. The said land is on long term lease of 95 years from Maharashtra Industrial Development
Corporation (MIDC). The lease deed between MIDC and SEBI with NISM as confirming party had been executed
on February 08, 2019 followed by registration on February 13, 2019.
19. ZE H$m`m©b` n[agam| H$s IarX:

(i) ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Ho$ ~moS©> Zo VmarI 28 ‘mM©, 2018 H$s AnZr ~¡R>H$ ‘| AmB©S>r~rAmB© ~¢H$
45
{b. go AmB©S>r~rAmB© ^dZ Omo ßbm°Q> g§. gr - 7, "Or' ãbm°H$, ~m§Ðm-Hw$bm© H$m°‘ßboŠg, ~m§Ðm (nyd©), ‘w§~B© ‘| pñWV h¡
` 915 H$amo‹S> [{Og‘| ñQ>mån ewëH$, a{OñQ´rH$aU (n§OrH$aU) Ho$ g§~§Y ‘| bJZo dmbo IM}, A§VaU ewëH$ (Q´m§g’$a
MmO}g), H$mZyZr àmdYmZm| Ho$ AZwgma bJZo dmbo ewëH$ Am¡a AÝ` g§~§{YV ewëH$ em{‘b Zht h¢ Am¡a ò ewëH$ {OVZo ^r
Xo` hm|Jo AXm {H$E OmE±Jo] ‘| IarXZo H$s ‘§Oyar Xr & Bg H$m`m©b` n[aga H$m joÌ’$b (Cggo bJr O‘rZ Am¡a ^dZ Ho$
~og‘|Q> Ho$ joÌ’$b H$mo {‘bmH$a) 19,209.86 dJ© ‘rQ>a AWm©V² bJ^J 2,06,775 dJ© ’y$Q> ({~ëQ> An) h¡ &
(ii) {dÎmr` df© 2018-19 Ho$ Xm¡amZ, 'S>rS> Am°’$ AgmBZ‘|Q> E§S> gob' na hñVmja {H$E JE & AmB©S>r~rAmB© ~¢H$ {b. Zo 26
Aà¡b, 2018 H$mo Bg S>rS> Ho$ a{OñQ>a hmoZo Ho$ ~mX Bg ^dZ H$mo Imbr H$aHo$ em§{VnyU© VarHo$ go Bg ^dZ H$m H$ãOm
^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) H$mo gm¢n {X`m & ^maVr` à{V^y{V Am¡a {d{Z`‘ ~moS©> Zo ZE H$m`m©b` n[aga
H$s IarX na hþE ` 960.75 H$amo‹S> H$s bmJV [{Og‘| ñQ>mån ewëH$ Am¡a a{OñQ´rH$aU (n§OrH$aU) na hþAm IM© em{‘b
h¡] H$mo ny§OrH¥$V H$a {X`m, &
19. Acquisition of New Office Premises:
i. The SEBI Board in its meeting dated March 28,2018, approved the acquisition of IDBI Building at Plot No.
C - 7, ‘G’ Block, Bandra - Kurla Complex, Bandra (E), Mumbai from IDBI Bank Ltd. admeasuring an area
of 19,209.86 sq. meter i.e. approx. 2,06,775 sq. ft. (built up) along with appurtenant land and basement of
the building for a consideration amount of ` 915 crore excluding stamp duty, registration, transfer charges,
other statutory and incidental charges which would be paid as per actuals.
ii. During the FY 2018-19, the ‘Deed of Assignment and Sale’ has been executed. The peaceful vacant
possession of the subject property has been handed over by IDBI bank Ltd. to SEBI followed by registration
of the Deed on April 26, 2018. SEBI has capitalized the total consideration amount of ` 960.75 crore
including stamp duty, registration charges towards acquisition of new office premises.
20. AXÎm M¡H$ : ` 0.013 H$amo‹S> VH$ H$s aH$‘ Ho$ M¡H$ Omo Omar {H$E JE {H$ÝVw 3 dfm] go ^r A{YH$ g‘` go {OZH$m g‘memoYZ
Zht hþAm (Omo Šbsà Zht hþE) {d{dY Am` ‘| A§V[aV (Q´m§g’$a) {H$E Om MwHo$ h¢ ({nN>bo df© : ` 0.02 H$amo‹S>)&
20. Unpaid cheques: The cheques issued but not cleared for more than 3 years amounting to ` 0.013 crore have
been transferred to Miscellaneous Income Account (Previous year: ` 0.02 crore).
21. O‘mam{e`m± : 31 ‘mM©, 2019 VH$ H$s pñW{V Ho$ AZwgma O‘mam{e`m| Ho$ {ddaU:
21. Deposits: The details of Deposits as on 31st March, 2019 are as under:
I. AZwgy{MV ~¢H$m| ‘| :
I. With Scheduled Banks:
(H$amo‹S> `
‘| / ` in crore)
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
H«$.g§. pñW{V Ho$ AZwgma pñW{V Ho$ AZwgma
Sr.
~¢H$ H$m Zm‘ As on March 31, 2019 As on March 31, 2018
Name of the Bank A§{V‘ eof A{YH$V‘ eof A§{V‘ eof A{YH$V‘ eof
No.
Closing Maximum Closing Maximum
Balance Balance Balance Balance
1. AmB©grAmB©grAmB© ~¢H$ / ICICI Bank 30.00 75.00 75.00 175.00
2. EopŠgg ~¢H$ / Axis Bank 60.00 78.00 78.00 128.00
3. ~¢H$ Am°µ’$ ~‹S>m¡Xm / Bank of Baroda 65.00 65.00 65.00 65.00
4. Ho$Zam ~¢H$ / Canara Bank 112.00 277.00 277.00 277.00
46
31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s
H«$.g§. pñW{V Ho$ AZwgma pñW{V Ho$ AZwgma
Sr.
~¢H$ H$m Zm‘ As on March 31, 2019 As on March 31, 2018
Name of the Bank A§{V‘ eof A{YH$V‘ eof A§{V‘ eof A{YH$V‘ eof
No.
Closing Maximum Closing Maximum
5. BpÊS>`Z AmodagrµO ~¢H$ / Indian Overseas 0.00 0.00 0.00 20.00

bank
6. H$mnm}aoeZ ~¢H$ / Corporation Bank 340.00 340.00 340.00 340.00
7. XoZm ~¢H$ / Dena Bank 252.00 252.00 252.00 252.00
8. n§Om~ EÊS> qgY ~¢H$ / Punjab and Sind 0.00 0.00 0.00 135.00
Bank
9. ^maVr` ñQ>oQ> ~¢H$ / State Bank of India 276.00 333.00 333.00 333.00
10. Bbmhm~mX ~¢H$ / Allahabad Bank 0.00 89.00 89.00 89.00

ñQ>oQ> ~¢H$ Am°µ’$ ÌmdUH$moa (A~ ^maVr` ñQ>oQ>
11. ~¢H$) State Bank of Travancore (Now State 116.00 116.00 116.00 116.00
Bank of India)
12. n§Om~ ZoeZb ~¢H$ / Punjab National 18.00 18.00 18.00 18.00
Bank
13. AmB©S>r~rAmB© ~¢H$ / IDBI Bank 0.00 20.73 20.73 20.73
14. `y{Z`Z ~¢H$ Am°’$ B§{S>`m/Union Bank Of 60.00 60.00 0.00 0.00
India
Hw$b / TOTAL 1329.00 1663.73
II. g§ñWmAm| ‘| :
II. With Institutions:
(H$amo‹S> `
‘| / ` in crore)
31 ‘mM© 2019 VH$ H$s pñW{V Ho$ AZwgma 31 ‘mM© 2018 VH$ H$s pñW{V Ho$ AZwgma
g§ñWm H$m Zm‘ As on 31st March, 2019 As on 31st March, 2018
H«$.g§. Name of the
Sr. No. A§{V‘ eof A{YH$V‘ eof A§{V‘ eof A{YH$V‘ eof
Institution Closing Maximum Closing Maximum
1.
EMS>rE’$gr {b. 65.00 75.00 75.00 187.00
HDFC LTD
22. amï´>r` {dÎmr` {ejm H|$Ð (EZgrE’$B©) H$s eoà ny±Or (eoà H¡${nQ>b) ‘| A{^XmZ (gãg{H«$ßeZ) : ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©> (go~r) Ho$ ~moS©> Zo 21 OyZ, 2018 H$s AnZr ~¡R>H$ ‘| amï´>r` {dÎmr` {ejm H|$Ð (EZgrE’$B©) H$mo Ymam 8 Ho$ VhV
H§$nZr Ho$ ê$n ‘| J{R>V H$aZo Ho$ àñVmd na Am¡a amï´>r` {dÎmr` {ejm H|$Ð (EZgrE’$B©) H$s ` 100 H$amo‹S> H$s g‘mXÎm ny±Or
(noS>-An H¡${nQ>b) H$s 30% VH$ H$s eoà ny±Or (` 30 H$amo‹S> H$s) ‘| A{^XmZ (gãg{H«$ßeZ) H$aZo Ho$ àñVmd na {dMma
{H$`m Am¡a Cgo ‘§Oyar Xo Xr & {dÎmr` df© 2018-19 Ho$ Xm¡amZ, ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Zo amï´>r` {dÎmr` {ejm H|$Ð
(EZgrE’$B©) H$mo ` 30 H$amo‹S> H$s aH$‘ AXm H$a Xr Am¡a amï´>r` {dÎmr` {ejm H|$Ð (EZgrE’$B©) Zo nyU©V… g‘mXÎm eoàm| (’w$„r
noS>-An eo`g©) Ho$ ê$n ‘| eoà à‘mUnÌ (` 10 Ho$ A§{H$V ‘yë` dmbo 3 H$amo‹S> eoà) Omar {H$E &
47
Subscription to Share Capital of NCFE: SEBI Board in its meeting dated June 21,2018 has considered
and approved the proposal for Establishment of National Centre for Financial Education (NCFE) as section 8
company and to subscribe to the share capital of NCFE to the extent of 30% of the paid up capital of ` 100 crores
amounting to ` 30 crores. SEBI made payment of ` 30 crores to NCFE during the FY 2018-19 and NCFE has
issued share certificate (3 crore shares with face value ` 10) as fully paid up shares.
23. Ý`m`mb` Ho$ AmXoem| Ho$ AZwgaU ‘| Imobo JE AbJ ~¢H$ ImVo -
H$) go~r-ghmam [a’§$S> EH$mC§Q> : ‘mZZr` CÀMV‘ Ý`m`mb` Ûmam nm[aV {H$E JE {d{^Þ AmXoem| VWm ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©> (go~r) Ûmam nm[aV {H$E JE VmarI 13 ’$adar 2013 Ho$ Hw$H$r© Ho$ AmXoem| Ho$ AZwgaU ‘|, 31 ‘mM© 2019
VH$, ghmam Am¡a {d{^Þ AÝ` òmoVm| Ûmam Hw$b ` 15,023.96 H$amo‹S> H$s aH$‘ ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$
~¢H$ ImVo (~¢H$ Am°µ’$ B§{S>`m, ~r.Ho$.gr. emIm ‘| ""go~r - ghmam [a’§$S> EH$mC§Q>'' Ho$ Zm‘ go) ‘| O‘m H$s Om MwH$s h¡ &
31 ‘mM©, 2019 VH$ H$s pñW{V Ho$ AZwgma, Bg aH$‘ VWm Bg aH$‘ na A{O©V ã`mO H$s aH$‘ H$mo {‘bmH$a [{ZdoeH$m|
H$mo YZ-dmngr ([a’§$S>) H$aZo H$m àmdYmZ H$aZo Ho$ ~mX ] Hw$b ` 20,123 H$amo‹S> H$s aH$‘ "amï´>r`H¥$V ~¢H$m|' (‘mZZr`
CÀMV‘ Ý`m`mb` Ho$ VmarI 31 AJñV 2012 Ho$ {ZU©` Ho$ AZwgma) ‘| O‘m H$s Om MwH$s h¡ & 31 ‘mM© 2019 VH$
H$s pñW{V Ho$ AZwgma, ~m°ÊS>YmaH$m| H$mo bm¡Q>mB© JB© Hw$b aH$‘ (ã`mO g{hV) ` 106.10 H$amo‹S> h¡ &
I) ‘¡gg© JmoëS>Z ’$m°aoñQ²g² (B§) {b. : ~moS©> ~Zm‘ ‘¡gg© JmoëS>Z ’$m°aoñQ²g² (B§) {b. Ho$ ‘m‘bo ‘|, ‘mZZr` Cƒ Ý`m`mb`, ‘w§~B©
Ho$ {ZXoem| Ho$ AZwgaU ‘|, g‘`-g‘` na {ZOr [agrda Ho$ {ZXoem| Ho$ AZwgma g§n{Îm`m| H$s {~H«$s go hmoZo dmbr Am‘XZr
H$mo O‘m {H$E OmZo VWm ^wJVmZ {H$E OmZo hoVw AbJ go EH$ ~MV ImVm Imobm J`m h¡ & Cnamoº$ ImVo ‘| ` 0.42 H$amo‹S>
({nN>bo df©: ` 0.41 H$amo‹S>) H$s aH$‘ n‹S>r h¡ &
23. Separate Bank Accounts Opened Pursuant to Court Orders-
a) SEBI - Sahara Refund Account Pursuant to various Orders passed by the Hon’ble Supreme Court
and the attachment Orders dated 13th February, 2013 passed by SEBI, as on 31st March 2019, an
aggregate amount of ` 15,023.96 Crore has been remitted by Sahara and various other sources, to the
designated bank account of SEBI (“SEBI – Sahara Refund Account” with Bank of India, BKC Branch). As
on 31st March 2019, these amounts along with interest earned on them after providing for making refunds
to the investors, have been deposited in ‘nationalized banks’ for an aggregate amount of ` 20,173 Crore, in
terms of the judgment dated 31st August, 2012 of the Hon’ble Supreme Court. The total amount refunded
to the bondholders along with interest up to 31st March 2019 is ` 106.10 crore.
b) M/s. Golden Forests (I) Ltd.: Pursuant to the directions of the Hon’ble High Court, Mumbai, in the matter of
the Board v/s M/s. Golden Forests (I) Ltd., a separate savings bank account has been opened for crediting
the proceeds from the sale of properties and making the payments in accordance with the directions of the
private receiver from time to time. An amount of ` 0.42 crore (Previous Year: ` 0.41 crore) is lying in the
above designated account.
24. Ý`m`‘y{V© (godm{Zd¥Îm) dmYdm g{‘{V H$s {g’$m[aem| Ho$ AZwgma : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) Zo df©
2002-05 Ho$ Xm¡amZ Ama§{^H$ gmd©O{ZH$ àñVmdm| (AmB©nrAmo) ‘| hþB© A{Z`{‘VVmAm| Ho$ ‘m‘bo ‘|, CZ {ZdoeH$m| Ho$ ~rM JbV
VarHo$ go H$‘mE JE ‘wZm’o$ H$mo {dV[aV H$aZm ewê$ H$a {X`m h¡, Omo BZ A{Z`{‘VVmAm| go à^m{dV hþE Wo & Bg CÔoí` go, ^maVr`
à{V^y{V Am¡a {d{Z‘` ~moS©> Zo à^m{dV {ZdoeH$m| H$mo MaUm| (Q´m§M) ‘| n¡go {dV[aV H$aZo ewé {H$E, {OZ‘| go nhbm MaU (Q´m§M)
df© 2010 ‘| nyam hþAm & BgHo$ {bE, df© 2002-05 Ho$ Xm¡amZ Ama§{^H$ gmd©O{ZH$ àñVmdm| (AmB©nrAmo) ‘| hþB© A{Z`{‘VVmAm|
go g§~§{YV ‘m‘bo Ho$ g§~§Y ‘| ewê$ {H$E JE àË`n©U ({S>ñJm°O©‘|Q>), gh‘{V (H$Ýg|Q>) Am¡a dgybr ([aH$dar) H$m`©dm{h`m| go
{‘bo n¡go H$m Cn`moJ {H$`m J`m Wm & nhbo MaU (Q´m§M) Ho$ ~mX, eof am{e H$m Cn`moJ Xygao MaU (Q´m§M) ‘| {dV[aV H$aZo Ho$
{bE {H$`m J`m, {OgH$s ewéAmV {Xgå~a 2015 ‘| H$s JB© Wr & VXZwgma, EMS>rE’$gr ~¢H$ ‘| AbJ go Imobo JE ImVo ‘|
` 19.00 H$amo‹S> H$s aH$‘ A§V[aV (Q´m§g’$a) H$s JB©, Vm{H$ eof 4.63 bmI {ZdoeH$m| Ho$ ~rM n¡gm| H$m {dVaU {H$`m Om gHo$ &
{ZdoXZm| na H$m`©dmhr H$aZo / {’$a go d¡Y ~ZmZo ([ad¡{bSo>eZ) Ho$ {ZdoXZm| na H$m`©dmhr H$aZo Ho$ nümV², 31 ‘mM©, 2017 VH$
48
H$s pñW{V Ho$ AZwgma Bg ImVo ‘| ã`mO g{hV ` 4.29 H$amo‹S> H$s aH$‘ n‹S>r hþB© Wr & {dÎmr` df© 2017-18 ‘|, Cnamoº$ eof
aH$‘ ‘| go, ` 4.28 H$amo‹S> H$s aH$‘ gmd{Y O‘m ({’$ŠñS> {S>nm°{µOQ>) Ho$ ê$n ‘| aIr JB© Am¡a {’$a go d¡Y ~ZmZo ([ad¡{bSo>eZ)
Ho$ b§{~V `m ZE {ZdoXZm| Ho$ g§~§Y ‘| H$m`©dmhr H$aZo hoVw Bg ~¢H$ ImVo ‘| ` 0.01 H$amo‹S> H$s aH$‘ eof N>mo‹S> Xr JB© &
24. As per the recommendations of Justice (Retd.)Wadhwa Committee: SEBI, in the matter of IPO irregularities
in 2002-2005, has initiated distribution of ill-gotten profits amongst the affected investors. For the purpose of
same, SEBI has initiated distribution of money in tranches, first of which was completed in 2010. For the same,
the amount were utilised out of the funds collected under disgorgement, consent and recovery proceedings
initiated in the matter of IPO irregularities of 2002-05. Post Tranche 1, the balance amount was made available
for distribution in Tranche 2, which was initiated in December 2015. Accordingly, an amount of ` 19.00 crores was
transferred to a dedicated bank account held with HDFC Bank for distribution to the remaining 4.63 lac investors.
Post processing/revalidation of requests, as on 31st March, 2017 an amount of ` 4.29 crore was held as balance
including principal and interest earned. In FY 2017-18, out of the said balance, an amount of ` 4.28 crores was
kept as FD (Fixed Deposits) and an amount of ` 0.01 crore was kept as balance in the bank account for meeting
any pending or fresh validation requests.
25. grE‘AmaEb go ‘wAmdOm : ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$ àmXo{eH$ H$m`m©b` (MoÞB©) Ho$ {bE "O¡gm h¡ Ohm± h¡ Am¡a
Omo h¡ Ohm± h¡' AmYma na, ` 37.04 H$amo‹S> Ho$ Hw$b IM© na, Aºy$~a 2008 ‘| AmodagrO Q>m°dg©, 756-Eb, ‘mC§Q> amoS>, MoÞB©
- 600002 ‘| H$m`m©b` n[aga {b`m J`m (A{O©V {H$`m J`m) & n[aga ‘|, AÝ`m| Ho$ gmW-gmW, 12912.15 dJ© ’w$Q> Ho$
~am~a H$m 35.70 H$m A{d^º$ {hñgm (AZ{S>dmBSo>S> eoà) em{‘b h¡ & MoÞB© ‘¡Q´mo aob {b{‘Q>oS> (grE‘AmaEb) Zo MoÞB© ‘¡Q´mo
aob n[a`moOZm Ho$ ^mJñdê$n AmodagrO Q>m°dg© n[aga H$s Hw$b ^y{‘ H$m EH$ {hñgm A{O©V {H$`m Wm, {OgH$m ‘mn 2,248 dJ©
’w$Q> Wm Am¡a Cg ^mJ Ho$ {bE ‘wAmdOm ^r {X`m J`m Wm & My§{H$ OyZ 2012 ‘| ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ûmam àmá
` 1.08 H$amo‹S> H$m ‘wAmdOm ^y{‘ Ho$ ~hr ‘yë` go H$‘ Wm, {OgHo$ n[aUm‘ñdê$n ` 0.88 H$amo‹S> H$s hm{Z hþB© & ^maVr` à{V^y{V
Am¡a {d{Z‘` ~moS©> Zo ^y{‘ AO©Z A{Y{Z`‘, 1894 H$s Ymam 18 Ho$ VhV ‘wAmdOm ~‹T>mE OmZo Ho$ {bE VmarI 25 Aà¡b, 2012
Ho$ nÌ Ho$ ‘mÜ`‘ go {deof VhgrbXma (EbE) H$mo AmdoXZ {H$`m h¡ Am¡a AmdoXZ CZHo$ nmg b§{~V h¡ & ^maVr` à{V^y{V Am¡a
{d{Z‘` ~moS©>, {gS>~r, EpŠµO‘ ~¢H$ Am¡a B©grOrgr Zo {‘bH$a (Ho$ H$Ýgmo{Q©>`‘ Zo) ES>dmoHo$Q> (‘¡gg© {edHw$‘ma E§S> gwaoe, MoÞB©)
H$mo {Z`wº$ {H$`m h¡, Vm{H$ do MoÞB© ‘| pñWV {gQ>r {g{db H$moQ>© Ho$ ‘mZZr` VI A{gñQ>|Q> H$moQ>© ‘| CZH$m nj aI gH|$ Am¡a Cnamoº$
‘m‘bo ‘| ‘wAmdOo Ho$ Xmdo Ho$ {bE `m{MH$m Xmà H$s Om MwH$s h¡ & BgHo$ Abmdm, Bg ‘m‘bo ‘| gwZdmB© MoÞB© ‘| pñWV {gQ>r
{g{db H$moQ>© Ho$ ‘mZZr` VI A{gñQ>|Q> H$moQ>© ‘| 1 OyZ, 2016 H$mo H$s JB© (Bg ‘m‘bo Ho$ g§~§Y ‘| ày’$ E{’$So>{dQ> XmpIb H$aZo
hoVw) & Bg ‘m‘bo ‘| 2 {gVå~a, 2016 H$mo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> (go~r) H$m ày’$ E{’$So>{dQ> XmpIb H$a {X`m
J`m Wm VWm 18 Aà¡b, 2017 H$mo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> Ho$ Jdmhm| H$s à{Vnarjm (H«$m°g-E½µOm{‘ZoeZ) ^r nyar
hmo JB© & `h ‘m‘bm A^r ^r b§{~V h¡ VWm Bg g§~§Y ‘| Am¡a g~yV noe H$aZo Ho$ {bE 18 OyZ, 2019 H$s VmarI Xr JB© h¡ &
25. Compensation from CMRL: SEBI, Regional Office (Chennai) acquired office premises at Overseas Towers,
756-L, Mount Road, Chennai – 600 002 in October 2008 at a total cost of ` 37.04 crore on ‘as is where is
and what is where is’ basis. The premises, inter-alia, comprises undivided share of 35.7% equivalent to 12912.15
sq ft. The Chennai Metro Rail Limited (CMRL) had acquired a portion of total land, admeasuring 2,248 sq. ft. from
the Overseas Towers premises as part of the Chennai Metro rail project and disbursed compensation for the
same. Since the compensation of ` 1.08 crore received by SEBI in June 2012 was less than the book value of
the land, this resulted in loss of ` 0.88 crore. SEBI vide letter dated 25th April, 2012 had made an application to
the Special Tahsildar (LA) for enhancement of compensation award under Section 18 of the Land Acquisition Act,
1894 and the application is pending with them. The consortium comprising SEBI, SIDBI, EXIM Bank and ECGC
have appointed advocates, M/s Shivakumar and Suresh, Chennai to represent them in the Hon'ble VI Assistant
Court in the City Civil Court in Chennai and a compensation claim petition has been filled in respect of the above
matter. Further, the case came up for hearing in the Hon'ble VI Assistant Court in the City Civil Court in Chennai
on June 01, 2016 for filing of Proof Affidavit in the matter. The proof affidavit of SEBI had been filed in the case on
2nd September, 2016 and the cross examination of SEBI’s witness had also been completed on April 18, 2017.
The case is still pending and is now posted to June 18, 2019 for further evidence.
49
26. õmg : ~moS©> H$s am` ‘|, df© Ho$ Xm¡amZ Eogr AmpñV`m| H$m ~hþV A{YH$ õmg Zht hþAm h¡, {OZ na boIm ‘mZH$ 28 - ""AmpñV`m|
H$m õmg'' bmJy hmo &
26. Impairment: In the opinion of the Board, there is no material impairment to the assets during the year to which
Accounting Standard 28 - "Impairment of Assets" applies.
27. E‘EgE‘B©S>r g§~§Yr àH$Q>rH$aU : CZ Amny{V©H$Vm©Am| H$mo H$moB© ‘yb am{e Xo` Zht h¡, Omo gyú‘, bKw Am¡a ‘Ü`‘ CÚ‘ {dH$mg
A{Y{Z`‘, 2006 Ho$ VhV AmVo hm|; Bg{bE H$moB© àmdYmZ Zht {H$`m J`m h¡ ({nN>bo df© : eyÝ`) & CÝh| H$moB© ã`mO Xo` Zht
h¡ & E‘EgE‘B© Ho$ ê$n ‘| Amny{V©H$Vm©Am| H$s pñW{V H$m {ZYm©aU CZgo àmá nw{ï>`m| Ho$ AmYma na {H$`m OmVm h¡ &
27. MSMED disclosure: There is no principal amount due to suppliers who are covered under Micro, Small and
Medium Enterprises Development Act, 2006; hence no provision has been made (Previous year: NIL). There is
no interest payable to them. The status of suppliers as MSME is determined based on the confirmations received
from them.
28. eofam{e H$s nw{ï> : nyd© nÕ{V Ho$ AZwgma, XoZXmam| Am¡a boZXmam| Ho$ g§~§Y ‘|, eofam{e ~hr ImVo Ho$ AZwgma ‘mZr OmVr h¡ &
à~§Y-‘§S>b H$s am` ‘|, My§{H$ am{e`m± nyU©V: dgybr`mo½` / Xo` h¢, Bg{bE {ZnQ>mZ Ho$ g‘` Eogm H$moB© R>mog A§Va CËnÞ hmo
OmZo H$s Cå‘rX Zht h¡, {Oggo {dÎmr` {ddaUm| ‘| boIm-OmoIm (boIm§H$Z) à^m{dV hmo &
28. Balance confirmation: As per past practice, in respect of debtors and creditors, balance as per books of account
are considered. In the opinion of the Management, since the amounts are fully recoverable / payable, no material
difference is expected to arise at the time of settlement, requiring accounting effect in the financial statements.
29. VwbZ-nÌ, Am`-ì`` boIo VWm àm{á Am¡a ^wJVmZ ImVo ‘| {XE JE Am±H$‹S>m| H$mo H$amo‹S> énò ‘| nyUmª{H$V H$a {X`m J`m h¡ &
BgHo$ Abmdm, {nN>bo df© Ho$ Am±H$‹S>m| H$mo Mmby df© Ho$ àñVwVrH$aU Ho$ AZwê$n nwZ: dJuH¥$V H$a {X`m J`m h¡ &
29. Figures in the Balance Sheet, Income and Expenditure Account and Receipts and Payments Account have
been rounded off to the Rupees in crore. Further, the previous year's figures have been regrouped to conform to
current year’s presentation.
30. 1 go 19 VH$ H$s AZwgy{M`m± 31 ‘mM© 2019 Ho$ VwbZ-nÌ Am¡a Cgr VmarI H$mo g‘má df© Ho$ Am`-ì`` boIo go g§b¾ h¢
Am¡a BZH$m A{^Þ ^mJ h¢ &
30. Schedule 1 to 19 are annexed to, and form an integral part of the Balance Sheet as at March 31, 2019 and the
Income and Expenditure Account for the year ended on that date.
50

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dm{f©H$ boIm {ddaU

ANNUAL STATEMENT OF ACCOUNTS

^maVr¶ à{V^y{V Am¡a {d{Z‘¶ ~moS>©

The Financial Statements comprising the Balance Sheet as

at 31st March 2019, the Income & Expenditure Statement and

been audited by the Comptroller and Auditor General of India.

forwarded to Central Government which shall cause the same to be laid

before each house of the Parliament.

4. Based on our audit, we report that:

H¥$Vo Am¡a Amoa go

For and on the behalf of the

2. Am§V[aH$ {Z`§ÌU àUmbr H$s n`m©áVm

3. AMb AmpñV`m| Ho$ ^m¡{VH$ gË`mnZ H$s àUmbr

4. dñVw gyMr Ho$ ^m¡{VH$ gË`mnZ H$s àUmbr

5. gm§{d{YH$ Xo`am{e`m| Ho$ ^wJVmZ H$s {Z`{‘VVm

1. Adequacy of the internal audit system.

2. Adequacy of the internal control system.

3. System of Physical verification of fixed assets

4. System of Physical verification of Inventory.

5. Regularity in payment of statutory dues.

Ama{j{V`m± Am¡a A{Yeof / RESERVES AND SURPLUS 2 - -

C{Ôï> {Z{Y`m± / EARMARKED FUNDS 3 139.16 131.80

O‘mZVr / J¡a-O‘mZVr F$U Am¡a CYma / 4 - -

{Zdoe - C{Ôï> {Z{Y`m| go / 7 261.02 163.99

Mmby AmpñV`m±, F$U Am¡a A{J«‘ / 9 1,197.53 1,340.49

(Ohm± VH$ ~Å>o ImVo Z S>mbo JE hm| `m g‘m`mo{OV Z {H$E JE hm|)

‘hÎdnyU© boIm Zr{V`m± / SIGNIFICANT ACCOUNTING POLICIES 18

AmH$pñ‘H$ Xo`VmE± Am¡a boIm| g§~§Yr {Q>ßn{U`m± / 19

{Zdoem| go Am` / INCOME FROM INVESTMENTS 11 180.66 207.09

A{O©V ã`mO / INTEREST EARNED 12 15.35 13.36

AÝ` Am` / OTHER INCOME 13 17.44 9.89

Hw$b (H$) / TOTAL (A) 963.59 854.78

AÝ` àemg{ZH$ ì`` / OTHER ADMINISTRATIVE EXPENSES 15 131.03 121.42

ã`mO / INTEREST 16 0.02 0.01

‘yë`õmg Am¡a H«${‘H$ AnmH$aU / 68.14 49.36

g§Vmof Hw$‘ma e‘m©/ SANTOSH KUMAR SHARMA

H¥$Vo ^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©>

Eg. adrÝÐZ / S RAVINDRAN AO` Ë`mJr /AJAY TYAGI

Omo‹S>| : H$m°n©g {Z{Y hoVw A§eXmZ /

^maVr` à{V^y{V Am¡a {d{Z‘` ~moS©> H$s gmYmaU {Z{Y /

Hw$b / TOTAL 4,075.49 3,606.24

Omo‹S>| : C{Ôï> {Zdoe go Am`/

31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s

31 ‘mM© 2019 VH$ H$s 31 ‘mM© 2018 VH$ H$s

H$) Mmby Xo`VmE±

2 àmá A{J«‘ / 2 Advance Received 0.15 0.71

3 H$mZyZr Xo`VmE± / 3 Statutory Liabilities

I) JmoëS>Z ’$m°aoñQ>g² (B§) {b. ({ZOr [agrda) 0.43 0.41

N>) AÝ` Xo`VmE± / g) Other Liabilities 210.61 89.08

Hw$b (H$) / TOTAL (A ) 271.03 181.17

Hw$b (I) / TOTAL (B ) 28.16 16.14

Hw$b (H$ + I) / TOTAL (A + B) 299.19 197.31

H$) {ZdoeH$ g§ajU Am¡a {ejU {Z{Y :

ii) ~MV / Mmby ImVm| ‘| ~¢H$ eof / 1.60 5.13

Hw$b / TOTAL 261.02 163.99

I) AZwgy{MV ~¢H$m| ‘| O‘m : 1,329.00 1,663.73

S>) EZgrE’$B© ‘| {H$`m J`m A{^XmZ (gãg{H«$ßeZ)/Subscription towards NCFE 30.00

Hw$b / TOTAL 1,424.00 1,738.73

g§{X½Y ‘mZo JE / Considered doubtful - -

(AZwgyMr 19 H$m {Q>ßnU g§. 9 XoI|) 97.44 85.67

CJmhr g§~Õ MoH$ / Cheque in hand 0.56 7.95

(AZwgyMr 19 H$m {Q>ßnU g§. 6 XoI|)

Hw$b (H$) / TOTAL (A) 206.73 177.15