FORM NL-12-INVESTMENT SCHEDULE
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
Investments
INVESTMENTS - SHAREHOLDERS' FUND
. . . (Rs'000)
. Particulars SIX MONTH
ENDING 30.09.2012
SIX MONTH
ENDING 30.09.2011
. LONG TERM INVESTMENTS . .
1 Government securities and Government guaranteed bonds including Treasury Bills 17096 242 22918 630
2 Other Approved Securities 1196 457 2043 688
3 Approved Investments    
. ( a) Shares    
(aa)  Equity - Indian 54717 392 73447 963
Equity - Foreign 7 816 7 816
(bb).Preference 10 067 16 591
(b)Mutual Funds/Venture Funds  0  0
 (c)Debentures /Bond 3889 297 5708 802
(d)Debentures Foreign 350 456 350 661
(e) Guaranteed  Equity  120  186
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign 591 162 591 162
4 Investments in Infrastructure and Social Sector 11372 321 16547 353
5 Other  Investments (Excl. Associate Co.)  0  0
. (a)   Equity/Preference/Debentures/Venture Funds 3102 667 4289 933
. (b)   Associates Equity - Indian 700 000 700 000
. (c)   Equity - Foreign  0  0
. SHORT TERM INVESTMENTS    
1 Government securities and Government guaranteed bonds including Treasury Bills 748 744 1239 380
2 Other Approved Securities 59 918 113 963
3 Approved Investments  0  0
. (a)  Shares  0  0
(aa)  Equity  0  0
(bb)  Preference  0  0
(b) Mutual Funds 843 015 869 007
(c) Debentures and Bonds 652 732 534 282
(d) Subsidiaries  0  0
(e) Guaranteed  Equity  0  0
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
(h) Commercial Paper 279 535  0
4 Investments in Infrastructure and Social Sector 981 720 1065 899
5 Other Investments 1452 704 82 359
. TOTAL 98052 365 130527 675
Figures for the previous year have been regrouped where necessary.
INVESTMENTS - POLICYHOLDERS' FUND
. Particulars SIX MONTH
ENDING 30.09.2012
SIX MONTH
ENDING 30.09.2011
. LONG TERM INVESTMENTS . .
1 Government securities and Government guaranteed bonds including Treasury Bills 54436 151 38806 740
2 Other Approved Securities 3809 640 3460 454
3 Approved Investments  0  0
. ( a) Shares  0  0
(aa)  Equity - Indian 174225 671 124365 027
Equity - Foreign  0  0
(bb).Preference 32 054 28 093
(b)Mutual Funds/Venture Funds  0  0
 (c)Debentures /Bond 12383 913 9666 372
(d)Debentures Foreign  0  0
(e) Guaranteed  Equity  381  314
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
4 Investments in Infrastructure and Social Sector 36210 611 28018 640
5 Other  Investments (Excl. Associate Co.)  0  0
. (a)   Equity/Preference/Debentures/Venture Funds  0  0
. (b)   Associates Equity - Indian  0  0
. (c)   Equity - Foreign  0  0
. SHORT TERM INVESTMENTS    
1 Government securities and Government guaranteed bonds including Treasury Bills 2384 076 2098 569
2 Other Approved Securities  0  0
3 Approved Investments  0  0
. (a)  Shares  0  0
(aa)  Equity  0  0
(bb)  Preference  0  0
(b) Mutual Funds 2684 245 1471 438
(c) Debentures and Bonds 2078 365 904 668
(d) Subsidiaries  0  0
(e) Guaranteed  Equity  0  0
(f) Subsidiaries  0  0
(g)  Associates - Indian  0  0
 Associates - Foreign  0  0
(h) Commercial Paper 890 069  0
4 Investments in Infrastructure and Social Sector 3125 896 1804 823
5 Other Investments 4625 556 139 453
. TOTAL 296886 628 210764 591
Figures for the previous year have been regrouped where necessary. . .
Notes:
(a) Investments in subsidiary/holding companies, joint ventures and associates shall be separately disclosed, at cost.
(i) Holding company and subsidiary shall be construed as defined in the Companies Act, 1956:
(ii)        Joint Venture is a contractual arrangement whereby two or more parties undertake an economic activity, which is subject to joint control.
(i)             Joint control - is the contractually agreed sharing of power to govern the financial and operating policies of an economic activity to obtain benefits
(ii)           Associate - is an enterprise in which the company has significant influence and which is neither a subsidiary nor a joint venture of the company.
(iii)          Significant influence (for the purpose of this schedule) - means participation in the financial and operating policy decisions of a company, but not control of those policies.  Significant influence may be exercised in several ways, for example, by representation on the board of directors, participation in the policymaking process, material inter-company transactions, interchange of managerial personnel or dependence on technical information. Significant influence may be gained by share ownership, statute or agreement.  As regards share ownership, if an investor holds, directly or indirectly through subsidiaries, 20 percent or more of the voting power of the investee, it is presumed that the investor does have significant influence, unless it can be clearly demonstrated that this is not the case.  Conversely, if the investor holds, directly or indirectly through subsidiaries, less than 20 percent of the voting power of the investee, it is presumed that the investor does not have significant influence, unless such influence is clearly demonstrated.  
A substantial or majority ownership by another investor does not necessarily preclude an investor from having significant influence.
(b)    Aggregate amount of company's investments other than listed equity securities and derivative instruments and also the market value thereof shall be disclosed.
(d)    Debt securities will be considered as “held to maturity” securities and will be measured at historical cost subject to amortisation.
(e)    Investment Property means a property [land or building or part of a building or both] held to earn rental income or for capital appreciation or for both, rather than for use in services or for administrative purposes.
(f)  Investments maturing within twelve months from balance sheet date and investments made with the specific intention to dispose of within twelve months from balance sheet date shall be classified as short-term investments
Investments