Annexure 1 referred to in Paragraph under the heading “Report on other legal and regulatory

requirements” of our report of even date on the financial statements of ABC Private Limited (“The
Company”)

In terms of the information and explanations sought by us and given by the company and the books
of accounts and records examined by us in the normal course of audit and to the best of our
knowledge and belief, we state that:

i) a) A) The company has maintained proper records showing full particulars, including
quantitative details and situation of property, plant and equipment.
B) The company has maintained proper records showing full particulars of intangible
assets.
OR
The company has no intangible assets hence the clause is not applicable.
b) All property, plant and equipment have been physically verified by the
management annually which in our opinion is reasonable having regard to the size
of the company and the nature of its assets. No material discrepancies were
noticed on such verification.
c) The title deeds of immovable properties (other than properties where the
company is the lessee and the lease agreements are duly executed in favor of the
lessee) are held in the name of the company.
OR
The company does not have any immovable property properties (other than
properties where the company is the lessee and the lease agreements are duly
executed in favor of the lessee). Accordingly, clause 3 (i) c) of the Order is not
applicable to the company.

d) The company has not revalued its property, plant and equipment (including right
of use assets) or intangible assets during the year ended March 31, 2022.
e) No proceedings have been initiated during the year or are pending against the
company as at March 31, 2022 for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (as amended in 2016) and the rules made
thereunder.
ii) a) The inventories were physically verified by the management during the year at
reasonable intervals. In our opinion and according to the information and
explanations given to us, the coverage and procedure of such verification by the
management is appropriate having regard to the size of the company and the
nature of its operations. No discrepancies of 10% or more in aggregate of each
class of inventories were noticed on such physical verification of inventories when
compared with the books of accounts.
b) The company has not been sanctioned any working capital limit from banks or
financial institutions on the basis of security of current assets at any point of time
during the year hence reporting under clause 3(ii)(b) of the Order is not applicable.
OR
The company has been sanctioned working capital limit in excess of five crore
rupees in aggregate from banks/financial institutions on the basis of the security of
the current assets of the company. The quarterly returns/statements filed by the
company with such banks/ financial institutions are in agreement with the books
of accounts of the company.
OR
The company has been sanctioned working capital limit in excess of five crore
 rupees in aggregate from banks/financial institutions on the basis of the security of
the current assets of the company during the year. The quarterly
returns/statements filed by the company with such banks/ financial institutions
are in agreement with the books of accounts of the company except for the
following:

Quarter Sanctioned Nature of Nature of Amount as Amount Difference Remarks

amt current discrepancies per as per
assets returns/ books of
statements accounts

iii) a) During the year, the company has not made investments, provided any guarantee
or security or granted any loans or advances in the nature of loans, secured or
unsecured to companies, firms, limited liability partnerships or any other parties
hence clause 3(iii)(a) to 3(iii) (f) is not applicable to the company.

OR

The company has made investments in, provided guarantee or security and
granted loans or advances in the nature of loans, secured or unsecured, to
companies, firms, limited liability partnerships or any other parties during the year
in respect of which:
a) The company has provided loans, during the year as under:
Aggregate amount granted/provided
during the year (others)
Balance outstanding as at the Balance
sheet date in respect of above cases
The company has not provided any advances in the nature of loans, guarantee and
security to any other entity during the year.

b) The investments made, guarantee provided, security given and the terms and
conditions of grant of all loans and advances in the nature of loans and guarantees
provided are, in our opinion, prima-facie, not prejudicial to the company’s
interest.
c) In respect of loans and advances in the nature of loans, the schedule of repayment
of principal and payment of interest has been stipulated and the repayments or
receipts of principal and interest have been regular as per stipulation except the
following:
Name Nature Amount Due date Delay Remarks
period

d) There is no amount overdue fore more than ninety days in respect of the aforesaid
loans.
e) There is no loan given falling due during the year, which has been renewed or
extended or fresh loans granted to settle the over dues of existing loans given to
same party.
f) The company has not granted any loans or advances in the nature of loans either
repayable on demand or without specifying any terms pr period of repayment
hence clause 3(iii)(f) of the Order is not applicable.
iv) The company has complied with the provisions of section 185 and 186 of the
Companies Act, 2013 in respect of loans granted, investments made and
guarantee or securities provided as applicable.
v) The company has not accepted any deposit or amount which is deemed to be
deposit. Hence, reporting under clause 3(v) of the Order is not applicable.

OR

The company has not complied with the provisions of sections 73 to 76 or any
other relevant provisions of the Companies Act 2013 and the Companies
(Acceptance of deposits) Rules 2014, as amended, with regard to deposits
accepted in the nature of advance from customers lying unadjusted over one year.

vi) The maintenance of the cost records has not been specified for the activities of the
company by the Central Government u/s 148(1) of the Companies Act, 2013.
Hence reporting under clause 3(vi) of the Order is not applicable.

OR

We have broadly reviewed the books of account maintained by the company

pursuant to the Rules made by the Central Government for the maintenance of
costs records under section 148 of the Companies Act, 2013 and are of the opinion
that prima facie, the prescribed accounts and records have been made and
maintained.
vii) a) The company is generally regular in depositing undisputed statutory dues
including Goods and Service Tax, provident fund, employees' state insurance,
income-tax, duty of customs cess and any other statutory dues applicable to the
company with the appropriate authorities. The provisions relating to sales-tax,
service tax, duty of excise, value added tax are not applicable to the company.
According to the information and explanations given to us, no undisputed
amounts payable in respect of these statutory dues were pending at the end of
the year for a period of more than six months from the date they became payable.

OR

The following are the arrears of the outstanding undisputed statutory dues on the
last day of the financial year or a period of more than six months from the date
they became payable:

Statute Nature Amount Period to Due date Date of Remarks,

of dues which payment if any
the dues
relates

b) There is no statutory dues referred in foregoing paragraph vii) a), which have not
been deposited on account of any dispute.

OR
 There are no dues in respect of the statutory dues referred in foregoing paragraph
vii) a) which have not been deposited on account of any dispute except the
following:
Name of Nature of Amount Period to Forum Remarks, if
Statute dues (Rs) which the where any
amount dispute
relates pending

viii) There were no transactions relating to previously unrecorded income that were
surrendered or disclosed as income in the tax assessments under the Income Tax
Act, 1961 (43 of 1961) during the year. Hence clause 3(viii) of the Order is not
applicable to the company.

ix) a) the Company did not have any loans or borrowings from any lender during the
year. Accordingly, clause 3(ix)(a) of the Order is not applicable.

OR
The company has not defaulted in repayment of loans and borrowings or in the
payment of interest thereon to any lender during the year.

OR

The company has not defaulted in repayment of loans and borrowings or in the
payment of interest thereon to any lender during the year except as under:

Nature of Name of Amount Whether Number of Remarks, if

borrowings the lender not paid principal or days delay any
including on due interest or unpaid
debt date
securities

b) The company has not been is a declared wilful defaulter by any bank or financial
institution or government or 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 hence the reporting under
clause 3(ix) c) is not applicable to the company.

OR

In our opinion and According to the information and explanations given to us, the
company has utilised the money obtained by way of term loans during the year for
the purposes for which they were obtained except for the following cases:

Nature of Name of Amount Purpose Purpose remarks

the fund the Lender diverted for which for which
raised (Rs) sanctioned utilized

d) According to the information and explanations given to us and the procedures

performed by us, and on an overall examination of the financial statements of the
 company, we report that no funds raised on short term basis have been used for
long term purposes by the company.

OR

According to the information and explanations given to us and the procedures

performed by us, and on an overall examination of the financial statements of the
company, we report that the company has used funds raised on short term basis
aggregating to Rs. ______ for long term purposes.

e) The company does not hold any investment in any subsidiary, associates or joint
venture (as defined under the Companies Act 2013) during the year ended March
31, 2022. Hence clause 3(ix) ( e ) of the Order is not applicable.

OR
According to the information and explanations given to us and an overall
examination of the financial statements of the company, we report that the
company has not taken any funds from any entity or person on account of or to
meet the obligations of its subsidiaries, associates or joint ventures (as defined
under the Companies Act 2013) during the year ended March 31, 2022. Hence
clause 3(ix) ( e ) of the Order is not applicable
f) The company does not hold any investment in any subsidiary, associates or joint
venture (as defined under the Companies Act 2013) during the year ended March
31, 2022. Hence clause 3(ix) (f) of the Order is not applicable.

OR

According to the information and explanations given to us and procedures

performed by us, we report that the company has not raised loans during the year
on the pledge of securities held in its subsidiary, associates or joint venture (as
defined under the Companies Act 2013) Hence clause 3(ix) (f) of the Order is not
applicable.

x) a) Being the private limited company, it cannot raise money by way of initial public
offer or further public offer (including debt instruments) hence the clause 3(x)(a)
of the Order is not applicable.

b) According to the information and explanations given to us and on the basis of our
examination of the records of the company, the Company has not made any
preferential allotment or private placement of shares or convertible debentures
(fully, partially or optionally convertible) during the year hence the clause 3(x)(b)
of the Order is not applicable.

OR
The Company has made preferential allotment or private placement of shares or
convertible debentures (fully, partially or optionally convertible) during the year
and the requirements of Section 42 and Section 62 of the Companies Act, 2013
have been complied with and the funds raised have been used for the purposes
for which the funds were raised.

xi) a) No fraud by the company or no fraud on the Company has been noticed or
 reported during the year.
b) During the year, no report under sub-section (12) of section 143 of the Act has
been filed by secretarial auditor or by us in Form ADT – 4 as prescribed under Rule
13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.
c) The establishment of whistle blower mechanism is not applicable to the company
hence reporting under clause 3(xi)( c) is not applicable to the company.
xii) The Company is not a Nidhi Company as per the provisions of the Act. Accordingly,
the requirement to report on clause 3(xii) of the Order is not applicable to the
Company.
xiii) All transactions with the related parties are in compliance with sections 177 and
188 of Companies Act where applicable and the details have been disclosed in the
Financial Statements etc., as required by the applicable accounting standards.
xiv) a) In our opinion and based on our examination, the company does not have an
internal audit system commensurate with the size and nature of its business and is
not required to have an internal audit system as per the provisions of section 138
of the Companies Act, 2013
OR
In our opinion and based on our examination, the company has an internal audit
system commensurate with the size and nature of its business.
OR
In our opinion and based on our examination. Though the company is required to
have an internal audit system under section 138 of the Companies Act, 2013 but it
does not have the same established during the year.
b) Since the company is not required to have the internal audit system hence the
clause 3(xiv)(b) is not applicable to the company.
OR
We have considered the internal audit report of the company issued till date for
the period under audit.
OR
Internal audit reports entirely unavailable or provided at short notice or only partly
hence not considered.
xv) In our opinion and according to the information and explanations given to us, the
Company has not entered into any non-cash transactions with its directors or
persons connected to its directors and hence, provisions of Section 192 of the
Companies Act, 2013 are not applicable to the Company.
xvi) a) The Company is not required to be registered under Section 45-IA of the Reserve
Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable .
b) The Company is not engaged in any Non-Banking Financial or Housing Finance
activities. Accordingly, the requirement to report on clause 3 (xvi)(b) of the Order
is not applicable to the Company.
c) The Company is not engaged in any Non-Banking Financial or Housing Finance
activities. Accordingly, the requirement to report on clause 3 (xvi)(c) of the Order
is not applicable to the Company.
 d) There is no group company /Core Investment Company. Accordingly, the
requirement to report on clause 3(xvi) of the Order is not applicable to the
Company.
xvii) The Company has not incurred cash losses in the current year and preceding
financial year.
OR
The Company has not incurred cash losses in the current financial year however
cash losses of INR ______lakhs was incurred in the immediately preceding
financial year.
OR
The Company has incurred cash losses amounting to R _______ Lakhs during the
financial year covered by our audit and Rs _______ Lakhs in the immediately
preceding financial year.
xviii) There has been no resignation of the statutory auditors during the year and
accordingly, requirement to report on Clause 3(xviii) of the Order is not applicable
to the Company.
OR
There has been resignation of the statutory auditors during the year. We have
taken into consideration the issues, objections or concerns raised by the outgoing
auditors OR there were no issues, objections or concerns raised by the outgoing
auditors.

xix) On the basis of the financial ratios disclosed in notes to the Standalone Financial
Statements, ageing and expected dates of realization of financial assets and
payment of financial liabilities, other information accompanying Financial
Statements, our knowledge of the Board of Directors’ and management’s plans
and based on our examination of the evidence supporting the assumptions,
nothing has come to our attention, which causes us to believe that any material
uncertainty exists as on the date of the audit report that Company is not capable
of meeting its liabilities existing at the date of balance sheet as and when they fall
due within a period of one year from the balance sheet date. We, however, state
that this is not an assurance as to the future viability of the Company. We further
state that our reporting is based on the facts up to the date of the audit report and
we neither give any guarantee nor any assurance that all liabilities falling due
within a period of one year from the balance sheet date, will get discharged by the
Company as and when they fall due.
xx) Since the provisions of Section 135 of the Companies Act, 2013 with regard to
corporate social responsibility are not appliable to the company hence clause 3(xx)
of the Order is not applicable.

For ABC and company

Chartered Accountants

ICAI Firm Registration number ______

(Name of the partner)
Partner
Membership number
UDIN
Place of Signature
Date