Page 205 - Tata Chemical Annual Report_2022-2023
P. 205

Integrated Annual Report 2022-23  01-83  84-192              193-365
               Integrated Report      Statutory Reports       Financial Statements
                                                              Standalone


 (viii)   According to the information and explanations given to us   records of the Company, the Company has not made   (xvi)  (a)   The Company is not required to be registered under   Standalone Financial Statements, our knowledge of the
 and on the basis of our examination of the records of the   any preferential allotment or private placement of   Section 45-IA of the Reserve Bank of India Act,   Board of Directors and management plans and based
 Company, the Company has not surrendered or disclosed   shares or fully or partly convertible debentures during   1934. Accordingly, clause 3(xvi)(a) of the Order is   on our examination of the evidence supporting the
 any transactions, previously unrecorded as income in the   the year. Accordingly, clause 3(x)(b) of the Order is   not applicable.  assumptions, nothing has come to our attention, which
 books of account, in the tax assessments under the Income   not applicable.  causes us to believe that any material uncertainty exists
 Tax Act, 1961 as income during the year.     (b)   The Company is not required to be registered under   as on the date of the audit report that the Company is not
 (xi)  (a)   Based on examination of the books and records of   Section 45-IA of the Reserve Bank of India Act,   capable of meeting its liabilities existing at the date of
 (ix)  (a)   According to the information and explanations given   the Company and according to the information and   1934. Accordingly, clause 3(xvi)(b) of the Order is   balance sheet as and when they fall due within a period of
 to us and on the basis of our examination of the   explanations given to us, considering the principles   not applicable.  one year from the balance sheet date. We, however, state
 records of the Company, the Company did not have   of materiality outlined in Standards on Auditing,   that this is not an assurance as to the future viability of the
 any loans or borrowings from any lender during the   we report that no fraud by the Company or on the      (c)   The Company is not a Core Investment Company (CIC)   Company. We further state that our reporting is based on
 year. Accordingly, clause 3(ix)(a) of the Order is not   Company has been noticed or reported during the   as defined in the regulations made by the Reserve   the facts up to the date of the audit report and we neither
 applicable to the Company.  course of the audit.  Bank of India. Accordingly, clause 3(xvi)(c) of the Order   give any guarantee nor any assurance that all liabilities
                    is not applicable.                             falling due within a period of one year from the balance
    (b)   According to the information and explanations given      (b)   According to the information and explanations   sheet date, will get discharged by the Company as and
 to us and on the basis of our examination of the   given to us, no report under sub-section (12) of      (d)   According to the information and explanations   when they fall due.
 records of the Company, the Company has not been   Section 143 of the Act has been filed by the auditors   provided to us, the Group (as per the provisions of
 declared a wilful defaulter by any bank or financial   in Form ADT-4 as prescribed under Rule 13 of the   the  Core  Investment  Companies  (Reserve Bank)   (xx)   In our opinion and according to the information and
 institution or government or government authority.  Companies (Audit and Auditors) Rules, 2014 with the   Directions, 2016) has more than one CIC as part of   explanations given to us, there is no unspent amount under
 Central Government.  the Group. The Group has six CICs as part of the Group  sub-section (5) of Section 135 of the Act pursuant to any
    (c)   According to the information and explanations given      project. Accordingly, clauses 3(xx)(a) and 3(xx)(b) of the
 to us by the management, the Company has not      (c)   We have taken into consideration the whistle blower   (xvii)  The Company has not incurred cash losses in the current   Order are not applicable.
 obtained any term loans during the year. Accordingly,   complaints received by the Company during the year   and in the immediately preceding financial year.
 clause 3(ix)(c) of the Order is not applicable.  while determining the nature, timing and extent of   For B S R & Co. LLP
 our audit procedures.  (xviii)  There has been no resignation of the statutory auditors      Chartered Accountants
    (d)   According to the information and explanations given   during the year. Accordingly, clause 3(xviii) of the Order is
 to us and on an overall examination of the balance   (xii)   According to the information and explanations given to us,   not applicable.     Firm’s Registration No.:101248W/W-100022
 sheet of the Company, we report that no funds raised   the Company is not a Nidhi Company. Accordingly, clause
 on short-term basis have been used for long-term   3(xii) of the Order is not applicable.  (xix)   According to the information and explanations given to us      Vijay Mathur
 purposes by the Company.
                and on the basis of the financial ratios, ageing and expected                            Partner
 (xiii)   In our opinion and according to the information and   dates of realisation of financial assets and payment of   Mumbai,    Membership No.: 046476
    (e)   According to the information and explanations given   financial liabilities, other information accompanying the
 to us and on an overall examination of the Standalone   explanations given to us, the transactions with related   May 3, 2023   ICAI UDIN:23046476BGYAIB8612
 Financial Statements of the Company, we report that   parties are in compliance with Section 177 and 188 of
 the Company has not taken any funds from any entity   the Act, where applicable, and the details of the related
 or person on account of or to meet the obligations of   party transactions have been disclosed in the Standalone
 its subsidiaries, associates or joint ventures as defined   Financial Statements as required by the applicable
 under the Act.  accounting standards.
    (f)    According to the information and explanations given   (xiv)  (a)   Based on information and explanations provided
 to us and procedures performed by us, we report that   to us and our audit procedures, in our opinion, the
 the Company has not raised loans during the year on   Company has an internal audit system commensurate
 the pledge of securities held in its subsidiaries, joint   with the size and nature of its business.
 ventures or associate companies (as defined under
 the Act).     (b)   We have considered the internal audit reports of the
 Company issued till date for the period under audit.
 (x)  (a)   The Company has not raised any moneys by way of
 initial public offer or further public offer (including   (xv)   In our opinion and according to the information and
 debt instruments). Accordingly, clause 3(x)(a) of the   explanations given to us, the Company has not entered
 Order is not applicable.  into any  non-cash transactions with its directors
 or persons connected to its directors and hence,
    (b)   According to the information and explanations given   provisions of Section 192 of the Act are not applicable
 to us and on the basis of our examination of the   to the Company.



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