Page 259 - Tata_Chemicals_yearly-reports-2021-22

01 INTEGRATED 73 STATUTORY 178 FINANCIAL
STATEMENTS
REPORTS
REPORT
Consolidated

d) In our opinion, the aforesaid Consolidated Financial d) (i) The management has represented that, to the best of
Statements comply with the Ind AS specified under its knowledge and belief, as disclosed in note 49(a) to
Section 133 of the Act. the accounts, no funds have been advanced or loaned
or invested (either from borrowed funds or share
e) On the basis of the written representations received premium or any other sources or kind of funds) by the
from the directors of the Holding Company as on March Holding Company or its subsidiary companies and
31, 2022 taken on record by the Board of Directors of joint venture company incorporated in India to or in
the Holding Company and the reports of the statutory any other persons or entities, including foreign entities
auditors of its subsidiary companies and joint venture (“Intermediaries”), with the understanding, whether
company incorporated in India, none of the directors recorded in writing or otherwise, that the Intermediary
of the Group companies and its joint venture company shall:
incorporated in India is disqualified as on March 31,
2022 from being appointed as a director in terms of  directly or indirectly lend or invest in other persons
Section 164(2) of the Act. or entities identified in any manner whatsoever
f) With respect to the adequacy of the internal financial (“Ultimate Beneficiaries”) by or on behalf of the
controls with reference to financial statements of the Holding Company or its subsidiary companies
Holding Company and its subsidiary companies and and joint venture company incorporated in India
joint venture company incorporated in India and the or
operating effectiveness of such controls, refer to our  provide any guarantee, security or the like to or
separate Report in “Annexure B”.
on behalf of the Ultimate Beneficiaries.
B. With respect to the other matters to be included in the
Auditor’s Report in accordance with Rule 11 of the Companies (ii) The management has represented, that, to the best
(Audit and Auditor’s) Rules, 2014, in our opinion and to the of its knowledge and belief, as disclosed in note 49(a)
best of our information and according to the explanations to the accounts, no funds have been received by the
given to us and based on the consideration of the reports Holding Company or its subsidiary companies and
of the other auditors on separate financial statements of the joint venture company incorporated in India from any
subsidiaries, associate and joint ventures, as noted in the persons or entities, including foreign entities (“Funding
“Other Matters” paragraph: Parties”), with the understanding, whether recorded
in writing or otherwise, that the Holding Company or
a) The Consolidated Financial Statements disclose the its subsidiary companies and joint venture company
impact of pending litigations as at March 31, 2022 incorporated in India shall:
on the Consolidated Financial Position of the Group,
its associate and joint ventures. Refer Note 47 to the  directly or indirectly, lend or invest in other
Consolidated Financial Statements. persons or entities identified in any manner
whatsoever (“Ultimate Beneficiaries”) by or on
b) Provision has been made in the Consolidated Financial behalf of the Funding Parties or
Statements, as required under the applicable law or
Ind AS, for material foreseeable losses, on long-term  provide any guarantee, security or the like from or
contracts including derivative contracts. Refer Note 43 on behalf of the Ultimate Beneficiaries.
to the Consolidated Financial Statements in respect of
such items as it relates to the Group, its associate and (iii) Based on such audit procedures as considered
joint ventures. reasonable and appropriate in the circumstances,
nothing has come to our notice that has caused us to
c) There has been no delay in transferring amounts to believe that the representations under sub-clause (d) (i)
the Investor Education and Protection Fund by the and (d) (ii) contain any material misstatement.
Holding Company or its subsidiary companies and its
joint venture company incorporated in India during the e) The dividend declared or paid during the year by the
year ended March 31, 2022, except for ` 0.62 crore, due Holding Company and its subsidiary companies and joint
to legal disputes with regard to ownership that have venture company incorporated in India is in compliance with
remained unresolved. Section 123 of the Act.

257