40 06. The maintenance of cost records has been specified by the Central Government under Section 148(1) of the Act. We have broadly reviewed the books of account maintained by the Company pursuant to the Companies (Cost Records and Audit ) Rules, 2014, as amended prescribed by the Central Government for maintenance of cost records under Sub-section (1) of Section 148 of the Companies Act, 2013 and are of the opinion that, the prescribed cost records have been made and maintained by the Company. We have, however, not made a detailed examination of the cost records with a view to determinewhether they are accurate or complete. 07. In respect of statutory dues: a) The Company has been generally regular in depositing undisputed statutory dues of 08. There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year. 09. The Company has not taken any loans or other borrowings from any lender. Hence, reporting under Clause (ix) of the Order is not applicable to the Company. 10. a) The Company has not issued any of its securities (including debt instruments) during the year and hence reporting under Clause (x)(a) of the Order is not applicable. b) During the year, the Company has not made any preferent ial al lotment or private placement of shares or convertible debentures (fully or partly or optionally) and the year, including goods and service tax, provident fund, employees’ state insurance, income tax, customs duty, excise duty, cess, and other material statutory dues applicable to it to the appropriate authorities. There were no undisputed amounts payable in respect of goods and service tax, provident fund, employees’ state insurance, income tax, customs duty, excise duty, cess and other material statutory dues in arrears as at March 31, 2024, for a period of more than six months from the date they became payable. b) Details of statutory dues referred to Subclause (a) above, which have not been deposited as onMarch 31, 2024, on account of disputes are given below: Name of statute Nature of dues Forum where dispute is pending Period to which the amount relates Amount unpaid (`) Amount paid under protest (`) The Income Tax Act, 1961 Income tax Commissioner of Income Tax (Appeals) Assessment year 2011 -2012 18,58,210 3,27,800 The Income Tax Act, 1961 Income tax Commissioner of Income Tax (Appeals) Assessment year 2015 -2016 11,68,823 4,19,652 The Income Tax Act, 1961 Income tax Commissioner of Income Tax (Appeals) Assessment year 2017 -2018 21,95,307 4,55,097 hence reporting under Clause (x)(b) of the Order is not applicable to the Company. 11. a) To the best of our knowledge, no fraud by the Company and no material fraud on the Company has been noticed or reported during the year. b) To the best of our knowledge, no report under Sub-section (12) of Section 143 of the Companies Act has been filed in FormADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014, with the Central Government, during the year and upto the date of this report. c) As represented to us by the Management, there were no whistle blower complaints received by the Company during the year and upto the date of this report.
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