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Report on other legal and regulatory requirements
10. As required by Section 143(3) of the Act, based on our
audit on the separate Financial Statements we report, to
the extent applicable that:
a) We have sought and obtained all the information
and explanations which to the best of our knowledge
and belief were necessary for the purposes of our
audit.
b) In our opinion, proper books of account as required
by law have been kept by the Company so far as it
appears from our examination of those books.
c) The Balance Sheet, the Statement of Profit and
Loss including Other Comprehensive Income, the
Statement of Cash Flows and the Statement of
changes in equity dealt with by this Report are in
agreement with the relevant books of account.
d) In our opinion, the aforesaid Standalone Ind AS
Financial Statements comply with the Indian
Accounting Standards prescribed under Section 133
of the Act.
e) On the basis of the written representations
received from the Directors of the Company as on
March 31, 2018 taken on record by the Board of
Directors, none of the Directors is disqualified as on
March 31, 2018 from being appointed as a Director
in terms of Section 164(2) of the Act.
f)
With respect to the adequacy of the Internal
Financial Controls over financial reporting of
the Company and the operating effectiveness of
such controls, refer to our separate Report in
Annexure A. Our report expresses an unmodified
opinion on the adequacy and operating effectiveness
of the Internal Financial Controls of the Company
over financial reporting.
g) With respect to the other matters to be included in
the Auditor’s Report in accordance with Rule 11 of
the Companies (Audit and Auditors) Rules, 2014,
as amended, in our opinion and to the best of our
information and according to the explanations
given to us:
i)
The Company has disclosed the impact of
pending litigations on its financial position in
its Standalone Ind AS Financial Statements.
ii) The Company did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable
losses.
iii) There has been no delay in transferring
amounts, required to be transferred, to the
Investor Education and Protection Fund by the
Company.
11. As required by the Companies (Auditor’s Report)
Order, 2016 (the Order) issued by the Central
Government in terms of Section 143(11) of the Act, we
give in Annexure B a statement on the matters specified
in paragraphs 3 and 4 of the Order.
For Deloitte Haskins & Sells LLP
Chartered Accountants
Firm Registration Number: 117366W | W-100018
Samir R. Shah
Mumbai
Partner
April 27, 2018
Membership Number: 101708