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Retirement Benefit Obligation - Gratuity
12 Months Ended
Mar. 31, 2019
Retirement Benefits [Abstract]  
RETIREMENT BENEFIT OBLIGATION - GRATUITY
13RETIREMENT BENEFIT OBLIGATION — GRATUITY

 

Employees of the Group who are in India, participate in a gratuity employee defined contribution benefit plan sponsored by MSSIPL, which is a defined benefit plan. In India, gratuity plans are governed by the Payment of Gratuity Act, 1972. This plan is accounted for as multi-employer benefit plan in these consolidated and combined financial statements and, accordingly, the Group’s Consolidated Balance Sheets do not reflect any assets or liabilities related to these plans. The Group’s Consolidated and Combined Statements of Operations includes expense allocations for these benefits. The Group considers the expense allocation methodology and results to be reasonable for all periods presented.

 

Plan information is as follows:

 

Legal name of the plan: Majesco Software & Solutions India Private Limited Employees’ Group Gratuity Assurance Scheme (C. A.)

 

   Year ended   Year ended   Year ended 
   March 31,
2019
   March 31,
2018
   March 31,
2017
 
Group’s Total Contributions to plan  $3,019   $2,957   $2,957 
   $3,019   $2,957   $2,957 

 

Total plan assets and actuarial present value of accumulated plan benefits are as follows:

 

   As of March 31, 
   2019   2018 
Total plan assets  $2,756   $2,921 
Actuarial present value of accumulated plan benefits   3,138    2,975 
Total contributions received by the plan from all employers (for the period ended)   .06    0.06