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ii)
Conducting:
» pre-audit discussions with the Auditors regarding nature and scope of the audit and post-audit discussion to
ascertain any areas of concern
» valuation of undertakings or assets, wherever necessary
iii)
Formulating:
» scope, functioning, periodicity and methodology for conducting the internal audit in consultation with the
Internal Auditor
» Code of Conduct and related matters
iv)
Reviewing:
Ƚ îēĚƐƭîČNj ūlj ƥĺĚ ĿŠƥĚƑŠîŕ îƭēĿƥ ljƭŠČƥĿūŠȡ ĿŠČŕƭēĿŠij ƥĺĚ ƙƥƑƭČƥƭƑĚ ūlj TŠƥĚƑŠîŕ ƭēĿƥ ēĚƎîƑƥŞĚŠƥȡ ƙƥîljǛŠij îŠē
ƙĚŠĿūƑĿƥNj ūlj ƥĺĚ ūljǛČĿîŕ ĺĚîēĿŠij ƥĺĚ ēĚƎîƑƥŞĚŠƥȡ ƑĚƎūƑƥĿŠij ƙƥƑƭČƥƭƑĚ ČūDŽĚƑîijĚ îŠē ljƑĚƐƭĚŠČNj ūlj ĿŠƥĚƑŠîŕ îƭēĿƥ
» compliance with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 at least once in
î ǛŠîŠČĿîŕ NjĚîƑ îŠē DŽĚƑĿljNj ƥĺîƥ ƥĺĚ ƙNjƙƥĚŞƙ ljūƑ ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ îƑĚ îēĚƐƭîƥĚ îŠē îƑĚ ūƎĚƑîƥĿŠij ĚljljĚČƥĿDŽĚŕNj
Ƚ ƙĿijŠĿǛČîŠƥ ƥƑîŠƙîČƥĿūŠƙ îŠē îƑƑîŠijĚŞĚŠƥƙ ĚŠƥĚƑĚē ĿŠƥū ċNj ƥĺĚ ƭŠŕĿƙƥĚē ƙƭċƙĿēĿîƑNj ČūŞƎîŠĿĚƙ
» the Auditors’ independence, performance and effectiveness of the audit process
» periodically with the Auditors the internal control systems, the scope of audit including the observations of the
Auditors and the Financial Statements before submission to the Board
» the annual Financial Statements and Auditor’s Report with the Management before submission to the Board
for approval with particular reference to:
ȶ îŠNj ČĺîŠijĚƙ ĿŠ îČČūƭŠƥĿŠij ƎūŕĿČĿĚƙ îŠē ƎƑîČƥĿČĚƙ
ȶ ČūŞƎŕĿîŠČĚ DžĿƥĺ îČČūƭŠƥĿŠij ƙƥîŠēîƑēƙ
ȶ ČūŞƎŕĿîŠČĚ DžĿƥĺ ƥĺĚ ¬ƥūČŒ /NJČĺîŠijĚƙ îŠē ŕĚijîŕ ƑĚƐƭĿƑĚŞĚŠƥƙ ČūŠČĚƑŠĿŠij ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ
ȶ ēĿƙČŕūƙƭƑĚ ūlj îŠNj ƑĚŕîƥĚē ƎîƑƥNj ƥƑîŠƙîČƥĿūŠƙ
ȶ ijūĿŠij ČūŠČĚƑŠ îƙƙƭŞƎƥĿūŠ
ȶ ŞîŏūƑ îČČūƭŠƥĿŠij ĚŠƥƑĿĚƙ ĿŠDŽūŕDŽĿŠij ĚƙƥĿŞîƥĚƙ ċîƙĚē ūŠ ĚNJĚƑČĿƙĚ ūlj ŏƭēijĚŞĚŠƥ ċNj ƥĺĚ qîŠîijĚŞĚŠƥ
ȶ ŞîƥƥĚƑƙ ƑĚƐƭĿƑĚē ƥū ċĚ ĿŠČŕƭēĚē ĿŠ ƥĺĚ 'ĿƑĚČƥūƑƙɄ ¤ĚƙƎūŠƙĿċĿŕĿƥNj ¬ƥîƥĚŞĚŠƥ ljūƑ ƥĺĚ 'ĿƑĚČƥūƑƙɄ ¤ĚƎūƑƥ
ȶ ƐƭîŕĿǛČîƥĿūŠƙ ĿŠ ƥĺĚ ēƑîljƥ ƭēĿƥ ¤ĚƎūƑƥ
ȶ ƙĿijŠĿǛČîŠƥ îēŏƭƙƥŞĚŠƥƙ ŞîēĚ ĿŠ ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ îƑĿƙĿŠij ūƭƥ ūlj îƭēĿƥ ǛŠēĿŠijƙ
Ƚ DžĿƥĺ ƥĺĚ TŠƥĚƑŠîŕ ƭēĿƥūƑƙ îŠNj ƙĿijŠĿǛČîŠƥ ǛŠēĿŠijƙ îŠē ljūŕŕūDž ƭƎ ƥĺĚƑĚūŠ ĿŠČŕƭēĿŠij ǛŠēĿŠijƙ ūlj îŠNj ĿŠƥĚƑŠîŕ
investigations into matters where there is suspected fraud or irregularity or failure of the internal control
systems of material nature and reporting such matters to the Board
Ƚ ǛŠîŠČĿîŕ ƑĚƎūƑƥĿŠij ƎƑūČĚƙƙ îŠē ƥĺĚ ēĿƙČŕūƙƭƑĚ ūlj ǛŠîŠČĿîŕ ĿŠljūƑŞîƥĿūŠ ƥū ĚŠƙƭƑĚ ƥĺîƥ ƥĺĚ GĿŠîŠČĿîŕ ¬ƥîƥĚŞĚŠƥƙ
îƑĚ ČūƑƑĚČƥȡ ČƑĚēĿċŕĚ îŠē ƙƭljǛČĿĚŠƥ
» compliance reports of all applicable laws as well as steps taken to rectify instances of non-compliances
periodically
» reasons for substantial defaults, if any, in the payment to the depositors, the debenture holders, the Members
(in case of non-payment of declared dividends) and creditors
» the Financial Statements, in particular, investments made by unlisted subsidiary companies
» functioning of Whistle-blowing mechanism
» following information mandatorily:
ȶ îƎƎūĿŠƥŞĚŠƥȡ ƑĚŞūDŽîŕ îŠē ƥĚƑŞƙ ūlj ƑĚŞƭŠĚƑîƥĿūŠ ūlj ƥĺĚ ĺĿĚlj TŠƥĚƑŠîŕ ƭēĿƥūƑ
ȶ TŠƥĚƑŠîŕ ƭēĿƥ ¤ĚƎūƑƥƙ ƑĚŕîƥĿŠij ƥū DžĚĚƙƙĚƙ ĿŠ ƥĺĚ ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ ƙNjƙƥĚŞƙ
ȶ qîŠîijĚŞĚŠƥ 'ĿƙČƭƙƙĿūŠ îŠē ŠîŕNjƙĿƙ ūlj ǛŠîŠČĿîŕ ČūŠēĿƥĿūŠ îŠē ƑĚƙƭŕƥƙ ūlj ūƎĚƑîƥĿūŠƙ
ȶ ŞîŠîijĚŞĚŠƥ ŕĚƥƥĚƑƙ ʈ ŕĚƥƥĚƑƙ ūlj ĿŠƥĚƑŠîŕ ČūŠƥƑūŕ DžĚĚƙƙĚƙ ĿƙƙƭĚē ċNj ƥĺĚ ¬ƥîƥƭƥūƑNj ƭēĿƥūƑƙ
ȶ ƙƥîƥĚŞĚŠƥ ūlj ƑĚŕîƥĚē ƎîƑƥNj ƥƑîŠƙîČƥĿūŠƙ ƙƭċŞĿƥƥĚē ċNj ƥĺĚ qîŠîijĚŞĚŠƥ
Corporate Overview 01-22
Statutory Reports 23-105
Financial Statements 107-250
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Atul Ltd | Annual Report 2018-19