Amal Ltd 2019-20

59 viii) The Company has not taken any loans or borrowings from financial institutions, banks and government or has not issued any debentures. Hence reporting under Clause (viii) of the Order is not applicable to the Company. ix) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) or term loans and hence reporting under Clause (ix) of the Order is not applicable to the Company. x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and no material fraud on the Company by its officers or employees has been noticed or reported during the year. xi) In our opinion and according to the information and explanations given to us, the Company has paid | provided managerial remuneration in accordance with the requisite approvals mandated by the provisions of Section 197 read with Schedule V to the Act. xii) The Company is not a Nidhi Company and hence reporting under Clause (xii) of the Order is not applicable. xiii) In our opinion and according to the information and explanations given to us the Company is in compliance with Section 177 and 188 of the Act, where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the Financial Statements, etc as required by the applicable accounting standards. xiv) During the year theCompany has not made any preferential allotment or private placement of shares or fully or partly convertible debentures and hence reporting under Clause (xiv) of CARO 2016 is not applicable to the Company. xv) In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its Directors or Directors of the holding, subsidiary or associate company or persons connected with them and hence provisions of Section 192 of the Act are not applicable. xvi) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. b) There were no undisputed amounts payable in respect of provident fund payable (other than provident fund on certain allowances mentioned above), employees’ state insurance, income tax, customs duty, cess, goods and service tax and other material statutory dues in arrears as at March 31, 2020 for a period of more than six months from the date they became. c) There are no disputed dues of income tax and goods and services tax which have not been deposited as on March 31, 2020. Details of dues of sales tax which have not been deposited as on March 31, 2020 on account of disputes are given below: Name of statute Nature of dues Forum where dispute is pending Period to which the amount relates Amount ( ` in lakh) The Gujarat Sales Tax Act, 1969 Sales tax (including interest and penalty) High Court of Gujarat 1999-00 10.39 The Gujarat Sales Tax Act, 1969 Sales tax (including interest and penalty) Joint Commissioner, Surat 2001-02 to 2003-04 52.47 CST Act, 1956 Sales tax (including interest and penalty) Gujarat Value Added Tax Tribunal, Ahmedabad 2003-04 3.31* Gujarat Value Added Tax, 2003 Value Added Tax Gujarat Value Added Tax Commissioner, Surat 2015-16 0.75 *net of ` 50,000 paid under protest For Deloitte Haskins & Sells LLP Chartered Accountants Firm Registration number: 117366W | W-100018 Samir R. Shah Partner Mumbai Membership number: 101708 April 23, 2020 UDIN: 20101708AAAABF6262