Page 188 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

aggregate, from banks or financial institutions on the Company has not given any advances in the nature of
basis of security of current assets. In our opinion, the loans to any party during the year.
quarterly returns or statements filed by the Company e) According to the information and explanations given to
with such banks or financial institutions are in us and on the basis of our examination of the records of
agreement with the books of account of the Company.
the Company, there is no loan or advance in the nature of
(iii) According to the information and explanations given to us loan granted falling due during the year, which has been
and on the basis of our examination of the records of the renewed or extended or fresh loans granted to settle the
Company, the Company has not provided any security overdues of existing loans given to same parties.
or granted advances in the nature of loans, secured or f) According to the information and explanations given to
unsecured, to companies, firms, limited liability partnership us and on the basis of our examination of the records of
or any other parties during the year. The Company has the Company, the Company has not granted any loans
made investments, granted loans and provided guarantees or advances in the nature of loans either repayable on
to companies and other parties in respect of which the
requisite information is provided in clause (a) to (f) as below demand or without specifying any terms or period of
repayment.
to the extent applicable. The Company has not made any
investments in or provided any guarantee or security to firms (iv) In our opinion and according to the information and
or limited liability partnership. explanations given to us, the Company has complied with
a) Based on the audit procedures carried out by us and as the provisions of Sections 185 and 186 of the Companies Act,
per the information and explanations given to us, the 2013 in respect of grant of loans, making investments and
Company has provided loans or stood guarantee, as providing guarantees and securities, as applicable.
below: (v) The Company has not accepted any deposits or amounts
(INR in Crore) which are deemed to be deposits from the public.
Particulars Guarantees Loans Accordingly, clause 3(v) of the Order is not applicable.
Aggregate amount during the (vi) We have broadly reviewed the books of accounts maintained
year by the Company pursuant to the rules prescribed by the
- Subsidiaries* 143.12 -- Central Government for maintenance of cost records under
- Other parties (employees) -- 4.17 Section 148(1) of the Companies Act, 2013 in respect of its
Balance outstanding as at manufactured goods and are of the opinion that prima facie,
the prescribed accounts and records have been made and
balance sheet date -- maintained. However, we have not carried out a detailed
- Subsidiaries* 1,452.67 0.53 examination of the records with a view to determine whether
- Other parties (employees) --
these are accurate or complete.
*As per Companies Act, 2013
(vii) a) The Company does not have liability in respect of
b) According to the information and explanations given to Service tax, Duty of excise, Sales tax and Value added
us and based on the audit procedures carried out by us, tax during the year since effective July 1 2017, these
in our opinion the investments made and guarantees statutory dues has been subsumed into GST.
provided during the year and the terms and conditions According to the information and explanations given
of the grant of loans and guarantees provided during to us and on the basis of our examination of the records
the year are prima facie, not prejudicial to the interest of the Company, amounts deducted / accrued in the
of the Company. books of account in respect of undisputed statutory
c) According to the information and explanations given to dues including Goods and Services Tax (‘GST’),
us and on the basis of our examination of the records of Provident fund, Employees’ State Insurance, Income-
the Company, in the case of loans given, in our opinion, Tax, Duty of Customs, Cess and other statutory dues
the repayment of principal and payment of interest has have been regularly deposited by the Company with
been stipulated and the repayments or receipts have the appropriate authorities.
been regular. Further, the Company has not given any According to the information and explanations given
advances in the nature of loans to any party during the to us, no undisputed amounts payable in respect
year. of GST, Provident fund, Employees’ State Insurance,
d) According to the information and explanations given Income-Tax, Duty of Customs, Cess and other statutory
to us and on the basis of our examination of the records dues were in arrears as at March 31, 2022 for a period
of the Company, there is no overdue amount for more of more than six months from the date they became
than ninety days in respect of loans given. Further, the payable.

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