Amal Ltd | Annual Report 2021-22 07. According to the information and explanations given to us, in respect of statutory dues: a) The Company has generally been regular indepositingundisputed statutory dues of the year, including goods and service tax, provident fund, employees’ state insurance, income tax, customs duty, cess and other material statutory dues applicable to it to the appropriate authorities. There were no undisputed amounts payable in respect of goods and service tax, provident fund, employees’ state 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 insurance, income tax, customs duty, cess and other material statutory dues in arrears as at March 31, 2022, for a period of more than six months from the date they became payable. b) There are no disputed dues of income tax and goods and services tax which have not been deposited as on March 31, 2022. Details of dues of sales tax which have not been deposited as on March 31, 2022, on account of disputes are given below: 08. There were no transactions relating to previously unrecorded income that were surrendered or disclosedasincomeinthetaxassessmentsunderthe IncomeTaxAct, 1961 (43of 1961) during theyear. 09. a) In our opinion the Company has not taken any loans or borrowings from any lender. Hence reporting under Clause (ix) (a) of the Order is not applicable to the Company. b) The Company has not been declared willful defaulter by any bank or financial inst i tut ion or government or any government authority. c) The Company has not taken any term loan during the year and there are no unutilised term loans at the beginning of the year and hence, reporting under Clause (ix)(c) of theOrder isnot applicable. d) According to the information and explanations given to us Clause (ix)(d) is not applicable since the Company has not taken funds on short-term basis. e) We report that the Company has neither taken any funds fromany entity or person during the year nor it had any unutilised funds as at the beginning of the year of the funds raised through issue of shares or borrowings in the previous year and hence, reporting under Clause (ix)(e) of the Order is not applicable. f) TheCompanyhasnot raised loansduring the year on the pledge of securities held in its subsidiaries or joint ventures or associate companies. 10. a) The Company has not issued any of its securities (including debt instruments) during theyear andhence reportingunder Clause (x)(a) of theOrder is not applicable. b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence repor ting under Clause (x)(b) of the Order is not applicable to the Company. 11. a) Tothebestofourknowledgeandaccording to the informationand explanations given to us, no fraud by the Company and no material fraud on the Company has been noticed or reported during the year. b) No report under Sub-section (12) of Section 143 of the Companies Act, 2013
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