(i) (a) (A) whether the company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.
(B) whether the company is maintaining proper records showing full particulars of intangible assets;
(b) whether these Property, Plant and Equipment have been physically verified by the management at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the samehave been properly dealt with in the books of account;
(c) whether the title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements areduly executed in favour of the lessee) disclosed in the financial statements are held in the name of the company, if not, provide the details thereof inthe format below:-
(d) whether the company has revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year and, if so, whether the revaluation is based on the valuation by a Registered Valuer; specify the amount of change, if change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment or intangible assets;
(e) whether any proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, if so, whether the company has appropriately disclosed the details in its financial statements;
Proper records maintained, physical verification done, no major discrepancies, all properties held in the name of the company, no revaluation done, no matter pending under Benami Transactions Prohibition Act 1988.
(ii) (a) whether physical verification of inventory has been conducted at reasonable intervals by the management
and whether, in the opinion of the auditor, the coverage and procedure of such verification by the managementis appropriate; whether any discrepancies of 10% or more in the aggregatefor each class of inventory were noticed and if so, whether they have been properly dealt with in the books of account;
(b) whether during any point of time of the year, the company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of currentassets; whether the quarterly returns or statements filed by the company with such banks or financial institutions are in agreement with the books of account of the Company, if not, give details;
Proper records maintained, physical verification done, provisional statements submitted for March 23, Other Quarterly statements are in agreement with books. No Major discrepancies observed in Physical verification.
(iii) whether during the year the company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties, if so -
(a) whether during the year the company has provided loans or provided advances in the nature of loans, or stood guarantee, or provided security to any other entity [not applicable to companies whose principal business is to give loans], if so, indicate-
(A) the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such Investments, loans or advances andguarantees or security to subsidiaries, joint ventures and associates;
(b) whether the investments made, guarantees provided, security given andthe terms and conditions of the grant of all loans and advances in the nature of loans and guarantees provided are not prejudicial to the company's interest;
Not prejudicial to the interest of the company.
(c) in respect of loans and advances in the nature of loans, whether the schedule of repayment of principal and payment of interest has been stipulated and whether the repayments or receipts are regular;
No schedule of repayment stipulated
(d) if the amount is overdue, state the total amount overdue for more than ninety days, and whether reasonable steps have been taken by the company for recovery of the principal and interest;
Not Applicable
(e) whether any loan or advance in the nature of loan granted which has fallen due during the year, has been renewed or extended or fresh loansgranted to settle the overdues of existing loans given to the same parties, ifso, specify the aggregate amount of such dues renewed or extended or settled by fresh loans and the percentage of the aggregate to the total loansor advances in the nature of loans granted during the year [not applicable to companies whose principal business is to give loans];
Not Applicable
(f) whether the company has granted any loans or advances in the natureof loans either repayable on demand or without specifying any terms or period of repayment, if so, specify the aggregate amount, percentage thereofto the total loans granted, aggregate amount of loans granted to Promoters, related parties as defined in clause (76) of section 2 of the Companies Act, 2013;
As per Point No III (a) (A) above
(iv) in respect of loans, investments, guarantees, and security, whetherprovisions of sections 185 and 186 of the Companies Act have been complied with, if not, provide the details thereof;
Complied to the extent applicable
(v) in respect of deposits accepted by the company or amounts which are deemed to be deposits, whether the directives issued by the Reserve Bankof India and the provisions of sections 73 to 76 or any other relevant provisions of the Companies Act and the rules made thereunder, where applicable, have been complied with, if not, the nature of such contraventions be stated; if an order has been passed by Company Law Board or National Company Law Tribunal or Reserve Bank of India or any court or any other tribunal, whether the same has been complied with or not;
No such transactions done during the year.
(vi) whether maintenance of cost records has been specified by the Central Government under sub-section (1) of section 148 of the Companies Act andwhether such accounts and records have been so made and maintained;
Accounts and records have been maintained.
(vii) (a) whether the company is regular in depositing undisputed statutory duesincluding Goods and Services Tax,
provident fund, employees' state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to the appropriate authorities and if not, the extent of the arrears of outstanding statutory dues as on the last day of the financial year concerned for a periodof more than six months from the date they became payable, shall be indicated;
(viii) whether any transactions not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961), if so, whether the previously unrecorded income has been properly recorded in the books of account during the year;
Not applicable
(ix) (a) whether the company has defaulted in repayment of loans or other borrowings or in the payment of interest
thereon to any lender, if yes, the period and the amount of default to be reported as per the format below:-
(b) whether the company is a declared willful defaulter by any bank or financial institution or other lender.
(c) whether term loans were applied for the purpose for which the loans were obtained; if not, the amount of loan so diverted and the purpose for which it is used may be reported.
(d) whether funds raised on short term basis have been utilised for longterm purposes, if yes, the nature and amount to be indicated;
(e) whether the company has taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures, if so, details thereof with nature of such transactions and the amount in each case;
(f) whether the company has raised loans during the year on the pledge ofsecurities held in its subsidiaries, joint ventures or associate companies, if so, give details thereof and also report if the company has defaulted in repayment of such loans raised;
Clause b, d, e and f are not applicable, Term loans were applied for the purpose for which the loans were obtained
(x) (a) whether moneys raised by way of initial public offer or further public offer (including debt instruments) during the year were applied for the purposes for which those are raised, if not, the details together with delaysor default and subsequent rectification, if any, as may be applicable, be reported;
Moneys raised by Right issue and funds are applied for the purpose for which moneys raised
(b) whether the company has made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year and if so, whether the requirements of section
42 and section 62 of the Companies Act, 2013 have been complied with and the funds raised have been used for the purposes for which the fundswere raised, if not, provide details in respect of amount involved and nature of non-compliance;
Not applicable
(xi) (a) whether any fraud by the company or any fraud on the company has been noticed or reported during the
year, if yes, the nature and the amountinvolved is to be indicated;
(b) whether any report under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as prescribedunder rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government;
(c) whether the auditor has considered whistle-blower complaints, if any, received during the year by the company;
Not applicable
(xii) (a) whether the Nidhi Company has complied with the Net Owned Funds to Deposits in the ratio of 1: 20 to meet
out the liability;
(b) whether the Nidhi Company is maintaining ten per cent. unencumberedterm deposits as specified in the Nidhi Rules, 2014 to meet out the liability;
(c) whether there has been any default in payment of interest on depositsor repayment thereof for any period and if so, the details thereof;
Not applicable
(xiii) whether all transactions with the related parties are in compliance with sections 177 and 188 of Companies Act where applicable and the details have been disclosed in the financial statements, etc., as required by the applicable accounting standards;
In compliance and properly disclosed
(xiv) (a) whether the company has an internal audit system commensuratewith the size and nature of its
business;
The company has an internal audit system commensuratewith the size and nature of its business.
(b) whether the reports of the Internal Auditors for the period under audit were considered by the statutory auditor;
The reports of the Internal Auditors for the period under audit were considered by the statutory auditor.
(xv) whether the company has entered into any non-cash transactions with directors or persons connected with him and if so, whether the provisionsof section 192 of Companies Act have been complied with;
Not applicable
(xv) (a) whether the company is required to be registered under section 45-IAof the Reserve Bank of India Act, 1934
(2 of 1934) and if so, whether the registration has been obtained;
(b) whether the company has conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration (CoR) from the Reserve Bank of India as per the Reserve Bank of India Act, 1934;
(c) whether the company is a Core Investment Company (CIC) as definedin the regulations made by the Reserve Bank of India, if so, whether it continues to fulfil the criteria of a CIC, and in case the company is an exempted or unregistered CIC, whether it continues to fulfil such criteria;
(d) whether the Group has more than one CIC as part of the Group, if yes, indicate the number of CICs which are part of the Group;
Not applicable
(xvi) whether the company has incurred cash losses in the financial year andin the immediately preceding financial year, if so, state the amount of cash losses;
(xvii) Whether there has been any resignation of the statutory auditors during the year, if so, whether the auditor has taken into consideration theissues, objections or concerns raised by the outgoing auditors;
Not applicable
(xviii) on the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the financial statements, the auditor's knowledge of the Board of Directors and management plans, whether the auditor is of the opinion that no material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the dateof balance sheet as and when they fall due within a period of one year from the balance sheet date;
No adverse comments. We, however, state that this is not an assurance as to the future viability of the company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the company as and when they fall due.
(xix) (a) whether, in respect of other than ongoing projects, the company has transferred unspent amount to a Fund
specified in Schedule VII to the Companies Act within a period of six months of the expiry of the financial year in compliance with second proviso to sub-section (5) of section 135 of the said Act;
(b) whether any amount remaining unspent under sub-section (5) of section135 of the Companies Act, pursuant to any ongoing project, has been transferred to special account in compliance with the provision of sub- section (6) of section 135 of the said Act;
Not applicable
(xix) whether there have been any qualifications or adverse remarks by the respective auditors in the Companies (Auditor's Report) Order (CARO) reports of the companies included in the consolidated
financial statements,if yes, indicate the details of the companies and the paragraph numbers of the CARO report containing the qualifications or adverse remarks.
Not applicable
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