|12 Months Ended|
Mar. 31, 2015
In accordance with the relevant laws and regulations of the PRC, the Company’s PRC consolidated entities are required to transfer 10% of their respective after tax profit, as determined in accordance with PRC accounting standards and regulations to a general reserve fund until the balance of the fund reaches 50% of the registered capital of the respective entity. The transfer to this general reserve fund must be made before distribution of dividends can be made. As of March 31, 2014 and 2015, the PRC consolidated entities had appropriated RMB 20,648,182 and RMB 26,389,274, respectively, to the general reserve fund, which is restricted for distribution to the Company.
Entire disclosure pertaining to the statutory reserve fund required to be maintained under the relevant laws and regulations of PRC.
No definition available.