diff --git a/setup/doctype/global_defaults/global_defaults.py b/setup/doctype/global_defaults/global_defaults.py
index 94dbf0b..42abf99 100644
--- a/setup/doctype/global_defaults/global_defaults.py
+++ b/setup/doctype/global_defaults/global_defaults.py
@@ -32,12 +32,10 @@
 	'supp_master_name': 'supp_master_name', 
 	'territory': 'default_territory',
 	'stock_uom': 'default_stock_uom',
-	'fraction_currency': 'default_currency_fraction',
 	'valuation_method': 'default_valuation_method',
 	'date_format': 'date_format',
 	'number_format': 'number_format',
 	'float_precision': 'float_precision',
-	'currency_format':'default_currency_format',
 	'account_url':'account_url',
 	'allow_negative_stock' : 'allow_negative_stock',
 	'maintain_same_rate' : 'maintain_same_rate',
diff --git a/setup/doctype/global_defaults/global_defaults.txt b/setup/doctype/global_defaults/global_defaults.txt
index 59942be..b8f4db0 100644
--- a/setup/doctype/global_defaults/global_defaults.txt
+++ b/setup/doctype/global_defaults/global_defaults.txt
@@ -1,8 +1,8 @@
 [
  {
-  "creation": "2013-01-10 16:34:23", 
+  "creation": "2013-01-24 14:20:19", 
   "docstatus": 0, 
-  "modified": "2013-01-24 13:55:09", 
+  "modified": "2013-01-25 11:51:16", 
   "modified_by": "Administrator", 
   "owner": "Administrator"
  }, 
@@ -27,6 +27,8 @@
   "permlevel": 0
  }, 
  {
+  "amend": 0, 
+  "cancel": 0, 
   "create": 1, 
   "doctype": "DocPerm", 
   "name": "__common__", 
@@ -88,21 +90,6 @@
  }, 
  {
   "doctype": "DocField", 
-  "fieldname": "number_format", 
-  "fieldtype": "Select", 
-  "label": "Number Format", 
-  "options": "\n#,###.##\n#.###,##\n# ###.##\n#,##,###.##\n######"
- }, 
- {
-  "description": "Precision for Float fields (quantities, discounts, percentages etc) only for display. Floats will still be calculated up to 6 decimals.", 
-  "doctype": "DocField", 
-  "fieldname": "float_precision", 
-  "fieldtype": "Select", 
-  "label": "Float Precision", 
-  "options": "\n2\n3\n4\n5\n6"
- }, 
- {
-  "doctype": "DocField", 
   "fieldname": "column_break1", 
   "fieldtype": "Column Break", 
   "width": "50%"
@@ -118,16 +105,18 @@
  }, 
  {
   "doctype": "DocField", 
-  "fieldname": "default_currency_format", 
+  "fieldname": "number_format", 
   "fieldtype": "Select", 
-  "label": "Default Currency Format", 
-  "options": "Lacs\nMillions"
+  "label": "Number Format", 
+  "options": "\n#,###.##\n#.###,##\n# ###.##\n#,##,###.##\n######"
  }, 
  {
+  "description": "Precision for Float fields (quantities, discounts, percentages etc) only for display. Floats will still be calculated up to 6 decimals.", 
   "doctype": "DocField", 
-  "fieldname": "default_currency_fraction", 
-  "fieldtype": "Data", 
-  "label": "Default Currency Fraction"
+  "fieldname": "float_precision", 
+  "fieldtype": "Select", 
+  "label": "Float Precision", 
+  "options": "\n2\n3\n4\n5\n6"
  }, 
  {
   "doctype": "DocField", 
diff --git a/setup/doctype/setup_control/setup_control.py b/setup/doctype/setup_control/setup_control.py
index d8227ad..00cf1de 100644
--- a/setup/doctype/setup_control/setup_control.py
+++ b/setup/doctype/setup_control/setup_control.py
@@ -69,8 +69,6 @@
 		def_args = {
 			'current_fiscal_year':curr_fiscal_year,
 			'default_currency': args.get('currency'),
-			"default_fraction_currency": webnotes.conn.get_value("Currency", 
-				args.get("currency"), "fraction"),
 			'default_company':args.get('company_name'),
 			'default_valuation_method':'FIFO',
 			'default_stock_uom':'Nos',
@@ -82,9 +80,7 @@
 			'pr_required':'No',
 			'emp_created_by':'Naming Series',
 			'cust_master_name':'Customer Name', 
-			'supp_master_name':'Supplier Name',
-			'default_currency_format': \
-				(args.get('currency')=='INR') and 'Lacs' or 'Millions'
+			'supp_master_name':'Supplier Name'
 		}
 
 		# Set 
diff --git a/utilities/cleanup_data.py b/utilities/cleanup_data.py
index 92c41a3..8c3b00a 100644
--- a/utilities/cleanup_data.py
+++ b/utilities/cleanup_data.py
@@ -134,8 +134,6 @@
 	flds = {
 		'default_company': '', 
 		'default_currency': '', 
-		'default_currency_format': 'Lacs', 
-		'default_currency_fraction': '', 
 		'current_fiscal_year': '', 
 		'date_format': 'dd-mm-yyyy', 
 		'sms_sender_name': '',