Page 190 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

(viii) According to the information and explanations given to us (xi) a) Based on examination of the books and records of
and on the basis of our examination of the records of the the Company and according to the information and
Company, the Company has not surrendered or disclosed explanations given to us, considering the principles of
any transactions, previously unrecorded as income in the materiality outlined in Standards on Auditing, we report
books of account, in the tax assessments under the Income that no fraud by the Company or on the Company has
Tax Act, 1961 as income during the year. been noticed or reported during the course of the
(ix) a) According to the information and explanations given audit.
to us and on the basis of our examination of the records b) According to the information and explanations given
of the Company, the Company has not defaulted in to us, no report under sub-section (12) of Section
repayment of loans and borrowing or in the payment 143 of the Companies Act, 2013 has been filed by the
of interest thereon to any lender during the year. auditors in Form ADT-4 as prescribed under rule 13 of
b) According to the information and explanations given Companies (Audit and Auditors) Rules, 2014 with the
to us and on the basis of our examination of the records Central Government.
of the Company, the Company has not been declared c) We have taken into consideration the whistle blower
a willful defaulter by any bank or financial institution or complaints received by the Company during the year
government or government authority.
while determining the nature, timing and extent of our
c) In our opinion and according to the information and audit procedures.
explanations given to us by the management, the
Company has not obtained any term loans during (xii) According to the information and explanations given to us,
the year. Accordingly, clause 3(ix)(c) of the Order is not the Company is not a Nidhi Company. Accordingly, clause
applicable. 3(xii) of the Order is not applicable.
d) According to the information and explanations given (xiii) In our opinion and according to the information and
to us and on an overall examination of the balance explanations given to us, the transactions with related parties
sheet of the Company, we report that no funds raised are in compliance with Section 177 and 188 of the Companies
on short-term basis have been used for long-term Act, 2013, where applicable, and the details of the related
purposes by the Company.
party transactions have been disclosed in the Standalone
e) According to the information and explanations given Financial Statements as required by the applicable Indian
to us and on an overall examination of the Standalone accounting standards.
Financial Statements of the Company, we report that
the Company has not taken any funds from any entity (xiv) a) Based on the information and explanations provided
or person on account of or to meet the obligations of to us and our audit procedures, in our opinion, the
its subsidiaries, associates or joint ventures as defined Company has an internal audit system commensurate
under Companies Act, 2013. with the size and nature of its business.
f) According to the information and explanations given b) We have considered the internal audit reports of the
to us and procedures performed by us, we report that Company issued till date for the period under audit.
the Company has not raised loans during the year on
the pledge of securities held in its subsidiaries, joint (xv) In our opinion and according to the information and
ventures or associate companies (as defined under explanations given to us, the Company has not entered
Companies Act, 2013). into any non-cash transactions with its directors or persons
connected to its directors and hence, provisions of Section
(x) a) The Company has not raised any moneys by way of 192 of the Companies Act, 2013 are not applicable to the
initial public offer or further public offer (including debt Company.
instruments). Accordingly, clause 3(x)(a) of the Order is
not applicable. (xvi) a) The Company is not required to be registered under
Section 45-IA of the Reserve Bank of India Act, 1934
b) According to the information and explanations given and the Company is not a Core Investment Company
to us and on the basis of our examination of the (CIC) as defined in the regulations made by the Reserve
records of the Company, the Company has not made Bank of India. Accordingly, clauses 3(xvi)(a), 3(xvi)(b)
any preferential allotment or private placement of and 3(xvi)(c) of the Order are not applicable.
shares or fully or partly convertible debentures during
the year. Accordingly, clause 3(x)(b) of the Order is not b) According to the information and explanations
applicable. provided to us, the Group (as per the provisions of the

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