v3.5.0.1

STATUTORY RESERVES | 12 Months Ended
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Mar. 31, 2016
STATUTORY RESERVES |
STATUTORY RESERVES | (1 5)STATUTORY RESERVES 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, 201 5 and 201 6, the PRC consolidated entities had appropriated RMB 26,389,274 and RMB 36,431,792, respectively, to the general reserve fund, which is restricted for distribution to the Company.

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- Definition Entire disclosure pertaining to the statutory reserve fund required to be maintained under the relevant laws and regulations of PRC. + References No definition available. + Details
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