Page 185 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
REPORT
REPORTS
STATEMENTS
Standalone
Report on Other Legal and Regulatory b)
Requirements contracts including derivative contracts for which
1. As required by the Companies (Auditor’s Report) Order, 2020
(“the Order”) issued by the Central Government of India in
terms of Section 143 (11) of the Act, we give in the “Annexure
A” a statement on the matters specified in paragraphs 3 and
4 of the Order, to the extent applicable. except for ` 0.62 crore, due to legal disputes
2. (A) As required by Section 143(3) of the Act, we report that: with regard to ownership that have remained
unresolved.
a) We have sought and obtained all the information
and explanations which to the best of our d)
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 Standalone Balance Sheet, the Standalone
Statement of Profit and Loss (including Other
Comprehensive Income), the Standalone
Statement of Changes in Equity and the
Standalone Statement of Cash Flows dealt with
by this Report are in agreement with the books of
account.
d) In our opinion, the aforesaid Standalone Financial
Statements comply with the Ind AS specified
under Section 133 of the Act.
e) On the basis of the written representations
received from the directors as on March 31, 2022
taken on record by the Board of Directors, none of
the directors is disqualified as on March 31, 2022
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 with reference to financial
statements of the Company and the operating
effectiveness of such controls, refer to our
separate Report in “Annexure B”.
(B) With respect to the other matters to be included in
the Auditor’s Report in accordance with Rule 11 of
the Companies (Audit and Auditor’s) Rules, 2014, in
our opinion and to the best of our information and
according to the explanations given to us:
a) The Company has disclosed the impact of
pending litigations as at March 31, 2022 on its
financial position in its Standalone Financial
Statements - Refer Note 19 and 41.1 to the
Standalone Financial Statements.
The Company did not have any long-term
there were any material foreseeable losses.
c) There has been no delay in transferring amounts,
required to be transferred, to the Investor
Education and Protection Fund by the Company,
(i) The management has represented that,
to the best of its knowledge and belief, as
disclosed in note 42(b) to the accounts, no
funds have been advanced or loaned or
invested (either from borrowed funds or
share premium or any other sources or kind
of funds) by the Company to or in any other
persons or entities, including foreign entities
(“Intermediaries”), with the understanding,
whether recorded in writing or otherwise,
that the Intermediary shall:
 directly or indirectly lend or invest in
other persons or entities identified in
any manner whatsoever (“Ultimate
Beneficiaries”) by or on behalf of the
Company or
 provide any guarantee, security or the
like to or on behalf of the Ultimate
Beneficiaries.
(ii) The management has represented, that,
to the best of its knowledge and belief, as
disclosed in note 42(b) to the accounts, no
funds have been received by the Company
from any persons or entities, including
foreign entities (“Funding Parties”), with the
understanding, whether recorded in writing
or otherwise, that the Company shall:
 directly or indirectly, lend or invest in
other persons or entities identified in
any manner whatsoever (“Ultimate
Beneficiaries”) by or on behalf of the
Funding Party or
 provide any guarantee, security or the
like from or on behalf of the Ultimate
Beneficiaries.
(iii) Based on such audit procedures as
considered reasonable and appropriate in
the circumstances, nothing has come to our
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