XML 32 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 22 - SUBSEQUENT EVENTS
9 Months Ended
Dec. 31, 2012
Subsequent Events [Text Block]
NOTE 22 – SUBSEQUENT EVENTS

 Pursuant to the Note and Share Purchase Agreement with Bricoleur Capital (“Bricoleur”) mentioned before (see NOTES PAYABLE AND LOANS - OTHERS), the Company issued 3,000,000 shares to Bricoleur on January 25, 2013.

On January 21, 2013, we incorporated IGC HK Mining and Trading Limited (“IGC-HK”) in Hong Kong. IGC-HK is a wholly owned subsidiary of IGC-Mauritius. This incorporation is part of our internal re-alignment and tax planning.