| 1. Matters relating to assets: |
| New disclosures: | - Whether the company is maintaining proper records showing full details of all intangible assets.
- Whether the company has revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year and, if so, whether the revaluation is based on the valuation by a Registered Valuer; specify the amount of change, if change is 10% or more in the aggregate of the net carrying value of each class of Property, Plant and Equipment or intangible assets;
- Whether any proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder, if so, whether the company has appropriately disclosed the details in its financial statements.
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| Modification in existing disclosures: | The following format has been prescribed for reporting details of the immovable properties which are not held in the name of the company:
Description of property | Gross carrying value | Held in name of | Whether promoter, director or their relative or employee | Period held – indicate range, where appropriate | Reason for not being held in name of company* | | - | - | - | - | - | *also indicate if in dispute | |
| 2. Matters relating to inventory: |
| New disclosures: | Whether during any point of time of the year, the company has been sanctioned working capital limits in excess of Rs. 5 crore, in aggregate, from banks or financial institutions on the basis of security of current assets; whether the quarterly returns or statements filed by the company with such banks or financial institutions are in agreement with the books of account of the Company, if not, give details. |
| Modification in existing disclosures: | Whether physical verification of inventory has been conducted at reasonable intervals by the management and whether, in the opinion of the auditor, the coverage and procedure of such verification by the management is appropriate; whether any discrepancies of 10% or more in the aggregate for each class of inventory were noticed and if so, whether they have been properly dealt with in the books of account; Earlier, the requirement of reporting discrepancy of 10% or more was not there. |
| 3. Matters relating to loans & advances: |
| New disclosures: | - Whether during the year the company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, LLPs or any other parties, if so,-
- whether during the year the company has provided loans or provided advances in the nature of loans, or stood guarantee, or provided security to any other entity [not applicable to companies whose principal business is to give loans], if so, indicate-
- the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans or advances and guarantees or security to subsidiaries, joint ventures and associates;
- the aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans or advances and guarantees or security to parties other than subsidiaries, joint ventures and associates;
- Whether any loan or advance in the nature of loan granted which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties, if so, specify the aggregate amount of such dues renewed or extended or settled by fresh loans and the percentage of the aggregate to the total loans or advances in the nature of loans granted during the year [not applicable to companies whose principal business is to give loans];
- Whether the company has granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment, if so, specify the aggregate amount, percentage thereof to the total loans granted, aggregate amount of loans granted to Promoters and related parties.
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| 4. Matters relating to statutory dues: |
| Modification in existing disclosures: | In addition to income tax or sales tax or service tax or duty of customs or duty of excise or value added tax, now details of all amounts involved for any other statutory dues which have not been deposited on account of any pending dispute, are also required to be disclosed. A mere representation to the concerned department shall not be treated as a dispute. |
| 5. Matters relating to transactions recorded in books of account: |
| New disclosures: | Whether any transactions not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961, if so, whether the previously unrecorded income has been properly recorded in the books of account during the year. |
| 6. Matters relating to borrowings: |
| New disclosures: | - Whether the company is a declared wilful defaulter by any bank or financial institution or other lender;
- Whether funds raised on short term basis have been utilised for long term purposes, if yes, the nature and amount to be indicated;
- Whether the company has taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures, if so, details thereof with nature of such transactions and the amount in each case;
- Whether the company has raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies, if so, give details thereof and also report if the company has defaulted in repayment of such loans raised.
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| Modification in existing disclosures: | - The following format has been prescribed for reporting details of default in repayment of loans or other borrowings or in the payment of interest thereon to any lender [Earlier details of defaults to financial institution, bank, Government or dues to debenture holders was only required to be provided]:
| Nature of borrowing, including debt securities | Name of lender* | Amount not paid on due date | Whether principal or interest | No. of days delay or unpaid | Remarks, if any | | - | *lender wise details to be provided in case of defaults to banks, financial institutions and Government. | - | - | - | - | - Now, details of diversion of terms loan, if they have not been used for the purpose for which it was obtained are also required to be disclosed.
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| 7. Matters relating to fraud in the company: |
| New disclosures: | - Whether any report under section 143(12) of the Act has been filed by the auditors in Form ADT-4 with the Central Government;
- Whether the auditor has considered whistle-blower complaints, if any, received during the year by the company.
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| Modification in existing disclosures: | Now, details of any fraud by the company or on the company are required to be reported [Earlier such reporting was restricted only to fraud by officers or employees of the company]. |
| 8. Matters relating to Nidhi company: |
| New disclosures: | Whether there has been any default in payment of interest on deposits or repayment thereof for any period and if so, the details thereof. |
| 9. Matters relating to internal audit: |
| New disclosures: | - Whether the company has an internal audit system commensurate with the size and nature of its business;
- Whether the reports of the Internal Auditors for the period under audit were considered by the statutory auditor.
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| 10. Matters relating to Financial Activities: |
| New disclosures: | - Whether the company has conducted any non-banking financial or housing finance activities without a valid Certificate of Registration from the RBI as per the RBI Act, 1934;
- Whether the company is a Core Investment Company (CIC) as defined in the regulations made by the RBI, if so, whether it continues to fulfil the criteria of a CIC, and in case the company is an exempted or unregistered CIC, whether it continues to fulfil such criteria.
- Whether the Group has more than one CIC as part of the Group, if yes, indicate the number of CICs which are part of the Group.
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| 11. Matters relating to financial position of the company: |
| New disclosures: | - Whether the company has incurred cash losses in the financial year and in the immediately preceding financial year, if so, state the amount of cash losses;
- On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the financial statements, the auditor’s knowledge of the Board of Directors and management plans, whether the auditor is of the opinion that no material uncertainty exists as on the date of the audit report that company is 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.
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| 12. Matters relating to resignation of the statutory auditor: |
| New disclosures: | Whether there has been any resignation of the statutory auditors during the year, if so, whether the auditor has taken into consideration the issues, objections or concerns raised by the outgoing auditors. |
| 13. Matters relating to CSR: |
| New disclosures: | - Whether, in respect of other than ongoing projects, the company has transferred unspent amount to a Fund specified in Schedule VII to the Act within a period of 6 months of the expiry of the financial year in compliance with section 135(5) of the said Act;
- Whether any amount remaining unspent under section 135(5) of the Act, pursuant to any ongoing project, has been transferred to special account in compliance with the provision of section 135(6) of the Act.
[Note: The aforesaid provisions under Section 135 were introduced by the Companies (Amendment) Act, 2019 but haven’t been enforced yet.] |
| 14. Matters relating to qualification in consolidated financial statements: |
| New disclosures: | Whether there have been any qualifications or adverse remarks by the respective auditors in the Companies (Auditor's Report) Order (CARO) reports of the companies included in the consolidated financial statements, if yes, indicate the details of the companies and the paragraph numbers of the CARO report containing the qualifications or adverse remarks. |
| 15. Matters relating to managerial remuneration deleted: |
| Disclosures deleted: | Whether managerial remuneration has been paid or provided in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V to the Companies Act? If not, state the amount involved and steps taken by the company for securing refund of the same. |