269 / 327
Shaping the future of software driven business
Unconsolidated Financials •
269
Name of Statute
/ Nature of Dues
Forum where Dispute is Pending
Period to
which the
Amount
Relates
Amt.
involved
Amt.
unpaid
The Finance Act,
1994 / Service Tax
Honourable Supreme Court
FY 2004-05 to
2007-08
3.89
Nil
CESTAT
FY 2011-12 to
2015-16
173.78
8.20
(viii) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the
repayment of loans from the government. The Company has not taken any loans or borrowings from banks and financial
institutions and has not issued debentures during the year.
(ix) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) or
term loans and hence reporting under clause 3 (ix) of the Order is not applicable.
(x) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company and
no material fraud on the Company by its officers or employees has been noticed or reported during the year.
(xi) In our opinion and according to the information and explanations given to us, the Company has paid / provided managerial
remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with Schedule V
to the Act.
(xii) The Company is not a Nidhi Company and hence reporting under clause 3 (xii) of the Order is not applicable.
(xiii) In our opinion and according to the information and explanations given to us the Company is in compliance with Section
188 and 177 of the Act where applicable, for all transactions with the related parties and the details of related party
transactions have been disclosed in the financial statements as required by the applicable accounting standards.
(xiv) During the year the Company has not made any preferential allotment or private placement of shares or fully or partly
convertible debentures and hence reporting under clause 3 (xiv) of the Order is not applicable.
(xv) In our opinion and according to the information and explanations given to us, during the year the Company has not
entered into any non-cash transactions with any of its directors or persons connected with him and hence reporting under
clause 3 (xv) of the Order is not applicable.
(xvi) The Company is not required to be registered under section 45-I of the Reserve Bank of India Act, 1934
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Hemant M. Joshi
Place: Pune
Partner
Date: 27 April 2019
(Membership No. 038019)