Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 Based on my verification of the books, papers, Minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorised representatives during the conduct of Secretarial Audit, I hereby report that in my opinion, the Company has during the audit period covering the financial year ended on March 31, 2016 complied with the statutory provisions listed hereunder and also that the Company has proper board processes and compliance mechanism in place to the extent, in the manner and subject to the reporting made hereinafter: I have examined the books, papers, Minute books, forms and returns filed and other applicable records maintained by the Company as per Annexure I for the financial year ended on March 31, 2016 according to the provisions of i) The Companies Act, 2013 (Act) and the Rules made thereunder and The Companies Act, 1956 (Old Act) and the Rules made thereunder; ii) The Securities Contracts (Regulation) Act, 1956 and the Rules made thereunder; iii) The Depositories Act, 1996 and the regulations and bye-laws framed thereunder; iv) Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder to the extent of foreign direct investment, overseas direct investment and external commercial borrowings; v) a) The following regulations and guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (SEBI Act): i) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ii) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 iii) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 which came into effective May 15, 2015 iv) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 which came into effect from December 01, 2015; b) Provisions of the following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’) were not applicable to the Company under the financial year under report:- i) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ii) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 iii) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 iv) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 v) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 vi) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 vi) Except for the above stated laws, I have relied on the Management representation as to applicability and compliance of laws as are stated in Annexure II. I have also examined compliance with the applicable Clauses of the following: i) Secretarial Standards issued by The Institute of Company Secretaries of India which has came into effect from July 01, 2015 ii) The Listing Agreements entered into by the Company with Stock Exchanges