CWC/IndAS/2023-24/Circulars Dated: 30-10-2023

Ind-AS FINANCIAL STATEMENTS

CIRCULAR # 2

Sub: Title deeds of Immovable Property not held in the name of the Corporation…reg
1. Schedule III requires to provide the details of all the immovable property (other than
properties where the Company is the lessee and the lease agreements are duly executed
in favour of the lessee) whose title deeds are not held in the name of the company and
where such immovable property is jointly held with others.

2. Immovable Property: “Immovable Property shall include land, the immovable

properties presented under ‘property, plant and equipment’, ‘investment property’ or
classified as ‘non-current assets held for sale’ would be covered in the scope of this
disclosure.

3. Title Deed: Title deeds mean a legal deed or document constituting evidence of a right
(eg. registered sale deed, transfer deed, conveyance deed of land), especially to the legal
ownership of the immovable property.

4. Corporation should disclose the following information:

(i) Gross carrying value – the company shall disclose the gross carrying amount in
the financial statements;
(ii) Title deeds held in the name of – the company shall disclose the full name of
the individual/entity/person holding the title of immovable property;
(iii) Whether title deed holder is a promoter, director or relative of promoter /
director or employee of promoter / director – the company shall disclose the
relationship between itself and the individual/entity/person holding the title of
immovable property;
(iv) Property held since which date – the company shall disclose the date since the
property is held and where the exact date is not available, it shall disclose the
month and year since the property is held.
(v) Reason for not being held in the name of the company, also indicating if
there is a dispute – the company shall state the reason for the immovable
property not being held in the name of the company (for example, the documents
are under preparation or the registration process of transfer of name is in progress
as on the balance sheet date). In case the title deeds of immovable property are
not being held in the name of company due to a dispute, the company shall state
the nature of dispute.

नग मतका0: 4/1, सीर इं ट यश

ू नलए रया,अग त ां तमाग, हौज़खास,नई द ल -110016 CO: 4/1, Siri Institutional Area,
August Kranti Marg, Hauz Khas, New Delhi-110016 011-41672511, ई-मेलः mailto:rraggarwal@cewacor.nic.in
जन जन के िलए भ ारण –WAREHOUSING FOR EVERYONE
 2

Format of the details to be provided is as under:

Particulars Description Gross Title Whether Property Reason for
of item of carrying deeds title deed held not being
property value held holder is a since held in the
in the promoter, which name of the
name director or date company**
of relative#
of
promoter*
/ director
or
employee
of
promoter /
director
PPE Land
PPE Building
Investment Land
property
PPE retired Building
from active
use and
held for
disposal
Digitally signed by
RATTI RAM
AGGARWAL
Date: 2023.10.31
12:38:32 +05'30'

(RR Aggarwal)
GGM(Fin.)

Distribution to:
1. All Regional Managers of CWC.
2. All DGMs/AGMs/Managers/ (Sr.) Asstt. Managers in-charge of the Finance, Accounts
& Internal Audit Wings of all ROs.
Copy for information to:
1. All GM/DGM/AGMs/Managers/(Sr.) Asstt. Managers/Accountants in Finance,
Accounts & Internal Audit Cadre at CWC, Corporate Office, New Delhi.
2. Dir.(Fin.), CWC, CO, New Delhi.
3. MD, CWC, CO, New Delhi
4. GGM (Systems), CWC, CO, New Delhi to place this Circular on CWC’s Website.