7 Statements. These include those policies and procedures that: i) pertain to the maintenance of records, which in reasonable detail, accurately and fai r ly ref lect the transact ions and dispositions of the assets of the Company, ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of the Financial Statements in accordancewith Generally Accepted Accounting Principles and that receipts and expenditures are being made only in accordance with authorisations of the Management and the Directors of the Company, iii) provide reasonable assurance regarding the prevention or timely detection of unauthorised acquisition, use or disposition of the assets that can have a mater ial effect on the Financial Statements. A reputed international consultancy firm has reviewed the adequacy of the internal f inancial controls with respect to the Financial Statements. The Managemen t assessed t he effectiveness of the internal financial controls over financial reporting as of March 31, 2023, and the Board believes that the controls are adequate. 09. Fixed deposits During 2022-23, the Company did not accept any fixed deposits. 10. Loans, guarantees, investments and security Particulars of loans, guarantees, investments and security provided are given on page numbers 86. 11. Subsidiary, joint venture and associate company There were no changes in the subsidiary, joint venture and associate company, which were reported earlier. 12. Related party transactions All the transactions entered into with the related parties were in ordinary course of business and on an arm’s length basis. Details of such transactions are given on page number 99. No transactions were entered into by the Company that required disclosure in Form AOC-2. 13. Corporate social responsibility The Corporate Social Responsibility (CSR) Policy, the CSR Report and the composition of the CSR Committee are given on page number 12. 14. Annual return Annual return for 2022-23, is available on the website of the Company at www.amal.co.in/investors/information-forstakeholders/annual-general-meeting 15. Auditors Statutory Auditors Deloi tte Haskins & Sel ls LLP, Char tered Accountants (DHS) were reappointed as the Statutory Auditors of the Company at the 48th Annual General Meeting (AGM) held on September 08, 2022, until the conclusion of the 53rd AGM. The Auditor’s Report for the financial year ended March 31, 2023, does not contain any qualification, reservation or adverse remark. The report is enclosedwith the Financial Statements in this annual report. Secretarial Auditors SPANJ & Associates, Company Secretaries, continue to be the Secretarial Auditors for 2022-23 and their report is given on page number 16. 16. Directors’ responsibility statement 16.1 In preparation of the annual accounts for the financial year ended March 31, 2023, the
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