Page 170 - Tata_Chemicals_yearly-reports-2019-20

(A) As required by Section 143(3) of the Act, we report that: in its Standalone Financial Statements - Refer Notes 19
a) We have sought and obtained all the information and and 45 to the Standalone Financial Statements;
explanations which to the best of our knowledge and ii. The Company did not have any long-term contracts
belief were necessary for the purposes of our audit. including derivative contracts for which there were any

b) In our opinion, proper books of account as required by material foreseeable losses.
law have been kept by the Company so far as it appears iii. There has been no delay in transferring amounts,
from our examination of those books. required to be transferred, to the Investor Education
and Protection Fund by the Company, except for
c) The Standalone Balance Sheet, the Standalone ` 0.57 crores, wherein legal disputes with regard to
Statement of Profit and Loss (including other ownership have remained unresolved.
comprehensive income), the Standalone Statement
of Changes in Equity and the Standalone Statement of iv. The disclosures in the Standalone Financial Statements
Cash Flows dealt with by this Report are in agreement regarding holdings as well as dealings in specified
with the books of account. bank notes during the period from November 8, 2016
to December 30, 2016 have not been made in these
d) In our opinion, the aforesaid Standalone Financial Financial Statements since they do not pertain to the
Statements comply with the Ind AS specified under financial year ended March 31, 2020.
Section 133 of the Act.
e) On the basis of the written representations received (C) With respect to the matter to be included in the Auditors’
from the directors as on March 31, 2020 taken on Report under Section 197(16) of the Act:
record by the Board of Directors, none of the directors is In our opinion and according to the information and
disqualified as on March 31, 2020 from being appointed explanations given to us, the remuneration paid by the
as a director in terms of Section 164(2) of the Act. Company to its directors during the current year is in
f) With respect to the adequacy of the internal financial accordance with the provisions of Section 197 of the Act.
controls with reference to Standalone Financial The remuneration paid to any director is not in excess
Statements of the Company and the operating of the limit laid down under Section 197 of the Act. The
effectiveness of such controls, refer to our separate Ministry of Corporate Affairs has not prescribed other details
Report in “Annexure B”. under Section 197(16) of the Act which are required to be
commented upon by us.
(B) With respect to the other matters to be included in the For B S R & Co. LLP
Auditors’ Report in accordance with Rule 11 of the Companies Chartered Accountants
(Audit and Auditors) Rules, 2014, in our opinion and to the Firm’s Registration No: 101248W/ W-100022
best of our information and according to the explanations
given to us: Vijay Mathur
Partner
i. The Company has disclosed the impact of pending Mumbai Membership No: 046476
litigations as at March 31, 2020 on its financial position
May 15, 2020 uDIN : 20046476AAAABR1367

168 I INTEGRATED ANNuAL REPORT 2019-20