Page 194 - Tata_Chemicals_yearly-reports-2017-18

(e) on the basis of the written representations received ii. provision has been made in the consolidated Ind
from the directors of the Holding Company as on
31 March, 2018 taken on record by the Board of
Directors of the Holding Company and the reports
of the statutory auditors of its subsidiary companies
incorporated in India, none of the directors of the Group
companies incorporated in India is disqualified as on 31
March, 2018 from being appointed as a director in terms
of Section 164(2) of the Act;
iii.
(f) with respect to the adequacy of the internal financial
controls with reference to financial statements of
the Holding Company and its subsidiary companies
incorporated in India and the operating effectiveness of
such controls, refer to our separate Report in ‘Annexure
A’; and
iv.
(g) with respect to the other matters to be included in
the Auditors’ Report in accordance with Rule 11 of
the Companies (Audit and Auditors) Rules, 2014, in
our opinion and to the best of our information and
according to the explanations given to us and based on
the consideration of the reports of the other auditors on
separate financial statements as also the other financial
information of the subsidiaries and joint ventures, as
noted in the ‘Other Matters’ paragraph:
i. the consolidated Ind AS financial statements
disclose the impact of pending litigations on
the consolidated financial position of the Group
and its joint ventures – Refer Note 45 to the
consolidated Ind AS financial statements; Mumbai
18 May, 2018
192 Annual Report 2017-18
AS financial statements, as required under the
applicable law or Ind AS, for material foreseeable
losses, on long-term contracts including
derivative contracts. Refer note 19 and 40 to
the consolidated Ind AS financial statements in
respect of such items as it relates to the Group
and its joint ventures;
there has been no delay in transferring
amounts, required to be transferred, to the
Investor Education and Protection Fund by the
Holding Company and its subsidiary companies
incorporated in India during the year ended 31
March, 2018; and
the disclosures in the consolidated Ind AS
financial statements regarding holdings as
well as dealings in specified bank notes during
the period from 8 November, 2016 to 30
December, 2016 have not been made since
they do not pertain to the financial year ended
31 March, 2018.
For B S R & Co. LLP
Chartered Accountants
Firm’s Registration No: 101248W/W-100022
Vijay Mathur
Partner
Membership No: 046746