Annual Report Financial Statements. 2 Tower-B, DLF Cyber City, Gurgaon – , Haryana. Phone + 91 Fax + SIXTEENTH ANNUAL REPORT The Directors present the SIXTEENTH ANNUAL REPORT together with the Audited Statement of Accounts for the DLF: Gujarat Containers Ltd. Gujarat Narmada Fertilizer. During the financial year , the members approved the proposals through AND FORMING PART OF FINANCIAL STATEMENTS. 1. DLF Ltd. 7,
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An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. Our responsibility is to express an opinion on these Financial Statements based on our audit.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Our opinion is not modified in respect of these matters.
In making those risk assessments, the auditor considers internal fi nancial controls reort to the Company’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal fi nancial controls system over financial reporting and the operating effectiveness of such controls.
As required by the Companies Auditors Report Order, the Order as amendedissued by the Central Government of India in terms of sub-section 4A of Section of the Companies Act, the Actwe enclose in the Annexure a statement on the matters specifi ed in paragraphs 4 and 5 of the Order.
Department has further option to appeal at Hon’ble Supreme Court of India. Income-tax Act, Demand made under Section ddlf 45, Further, no undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they became payable. Management’s Responsibility for the Standalone Financial Statements 2. Physical verification of inventory except inventories represented by development rights, confirmations for which have been obtained have been conducted at reasonable intervals by the management.
Auditor Report of DLF Ltd.
These Financial Statements are the responsibility of the Companys management. As required by the Companies Auditor”s Report Order, “the Order” issued by the Central Government of India in terms of sub-section 4A of Section of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.
Our audit report is not qualified in respect of these matters. Department has further option to appeal at Hon”ble Supreme Court.
Physical verification of inventory except stocks represented by development rights, confirmations for which have been obtained have been conducted at reasonable intervals by the management.
In our opinion, the Company has an internal audit system commensurate with its size and the nature of its business. Further to our comments in Annexure A, as required by Section 3 of the Act, we report that: Based on anunal independent legal opinion obtained by the Company and relied upon by the auditors, the debentures issued by the Company to a private Company are exempt under Section 58A and 58AA of the Act and the Companies Acceptance of Deposits Rules, These matters are currently pending in litigations at different levels and there exists uncertainty in respect of the final resolution of these material matters, and the resultant financial adjustments if any, will be recorded in the periods in which these matters are resolved.
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Name of the statute Nature of dues Amount Period to which the amount Rs. An audit also includes assessing the accounting principles used and signifi cant estimates made by management, as well as evaluating the overall Financial Statement presentation.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Accordingly, the provisions of clause 4 annual of the Order are not applicable. Accordingly, the provisions of clause 4 xviii of the Order are not applicable. However, subsequent 94 to the year-end, for partial amount, appeal filed by department has been dismissed by Hon’ble High Court. We have verified the end use of money raised by public issue as disclosed by the management in note 57 to the financial statements.
Further, no anmual amounts payable in respect thereof were outstanding at the year- end for a period of more than six months from the date they become payable. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the overall presentation of the financial statements.
No fraud on or by the Company has been noticed or reported during the period covered by our audit. We have broadly reviewed the books of account maintained by the Company pursuant to the Rules made by the Central Government for maintenance of cost records under clause d of sub-section 1 of Section of the Act in respect of generation and sale of electricity from the Company’s wind power operations and also in respect of real estate operations, and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained.
The Company has not raised any money by public issues during the year. In our opinion and to the best of our information and according to the explanations given to us, the Financial Statements dealt with by this report comply with the accounting standards referred to in sub-section 3C of Section of the Act and the Rules framed there under and give the information required by the Act, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, in the case of: Based on the audit procedures performed for the purpose of reporting a true and fair view on the financial statements of the Company and taking into consideration the information and explanations given to us and the books of account and other records examined by us in the normal course of audit, we report that: If you continue without changing your settings, we’ll assume that you are happy to receive all cookies on Goodreturns website.
In our opinion, the frequency of verification of the fixed assets is reasonable having regards to the size of the Company and nature of its assets. In our opinion, there is an adequate internal control system commensurate with the size of the Company and the nature of its business for the purchase of inventory and fixed assets and for the sale of goods and services.
Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the Financial Statements are free of material misstatement.
Report on Other Legal and Regulatory Requirements 8. However, you can change your cookie settings at any time. On the basis of written representations received from the Directors, as on March 31, and taken on record by the Board of Directors, we report that none of the Directors is disqualifi ed as on March 31, from being appointed as a Director in terms of clause g of sub-section 1 of Section of the Act; e.
The Financial Statements dealt with by this report are in agreement with the books of account; d. The Company’s Board of Directors is responsible for the matters stated in Section 5 of the Companies Act, ‘the Act’ with respect to the preparation of these standalone financial statements, that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section of the Act, read with Rule 7 of the Companies Accounts Rules, as amended.
We have audited the attached Balance Sheet of DLF Limited ‘the Company’as at March 31,and also the Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date annexed thereto collectively referred as the ‘financial statements’.
Name of the statute Nature of dues Amount unpaid Rs. During the year, the Company has not made any preferential allotment of shares to parties or companies covered in the register maintained under Section of the Act.
Name of the statute Nature of dues Demand Amount paid amount Rs. Accordingly the provisions of clause 4 xx of the Order are not applicable.
Name of 22009-10 statute Nature of dues Demand amount Rs. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. Accordingly, the provisions of clause 4 xiv of the Order are not applicable. Income-tax Act, Demand made under Section 3 23, Physical verifi cation of inventory except stocks represented by development rights, confi rmations for which have been obtained have been conducted at reasonable intervals by the management.
Without qualifying our opinion, we draw attention to Note No. Our responsibility is to express an opinion on these standalone financial statements based on our audit. Name of the Nature of dues Demand Amount statute amount paid Rs.