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Name of the
statute
Nature of
dues
Amount
(
`
in cr)
(a)
Period to which
the amount
relates
Forum where the dispute is
pending
(b)
Central Excise
Act, 1944
Excise and
service tax
0.94 1986 to 2016
Commissioner (Appeals)
4.07 1992 to 2011
Customs, Excise and Service Tax
Appellate Tribunal
3.53 1994-95
High Court
Total
8.54
Income Tax Act,
1961
Income tax
0.19 2009-11
Commissioner of Income Tax (Appeals)
Total
0.19
(a)
Net of amounts deposited. |
(b)
Necessary stay received from respective authorities.
08. According to the records of the Company examined by
us and the information and explanations given to us,
the Company has not defaulted in repayment of loans
or borrowings to any financial institution or bank or
Government or dues to debenture holders as at the
Balance Sheet date.
09. The Company has not raised any monies by way of
initial public offer, further public offer (including debt
instruments) and term loans. Accordingly, the provisions
of Clause 3(ix) of the Order are not applicable to the
Company.
10. During the course of our examination of the books and
records of the Company, carried out in accordance with
the Generally Accepted Auditing Practices in India, and
according to the information and explanations given
to us, we have neither come across any instance of
material fraud by the Company or on the Company by
its officers or employees, noticed or reported during the
year, nor have we been informed of any such case by the
Management.
11. The Company has paid | provided for managerial
remuneration in accordance with the requisite approvals
mandated by the provisions of Section 197 read with
Schedule V to the Act.
12. As the Company is not a Nidhi Company and the Nidhi
Rules, 2014 are not applicable to it, the provisions
of Clause 3(xii) of the Order are not applicable to the
Company.
13. The Company has entered into transactions with Related
Parties in compliance with the provisions of Sections
177 and 188 of the Act, where applicable. The details
of such Related Party Transactions have been disclosed
in the Ind AS Financial Statements as required under
Indian Accounting Standard (Ind AS) 24, Related Party
Disclosures specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014.
14. The Company has not made any preferential allotment or
private placement of shares or fully or partly convertible
debentures during the year under review. Accordingly, the
provisions of Clause 3(xiv) of the Order are not applicable
to the Company.
15. The Company has not entered into any non-cash
transactions with its Directors or persons connected with
him. Accordingly, the provisions of Clause 3(xv) of the
Order are not applicable to the Company.
16. The Company is not required to be registered under
Section 45-IA of the Reserve Bank of India Act, 1934.
Accordingly, the provisions of Clause 3(xvi) of the Order
are not applicable to the Company.
For Dalal & Shah Chartered Accountants LLP
Firm Registration Number: 102020W | W-100040
S Venkatesh
Mumbai
Partner
May 05, 2017
Membership Number: 037942