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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We have audited the accompanying financial statements of DLF Limited “the Company”which comprise the Balance Sheet as at March 31,and the Statement of Profit and Loss and Cash Flow Statement for the year then ended, and a summary of significant accounting policies and other explanatory annaul.
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Further to nanual comments in Annexure A, as required by Section 3 annaul the Act, we report that: During the course of our audit, no major weakness has been noticed in the internal control system in respect of these areas.
Based on the audit procedures performed and taking into consideration the information and explanations given to us, in our opinion, the total receipts, total payments and total amount deposited in banks are in accordance with the books of account maintained by the Company. According to the information and explanations provided to us, the Companies Cost Accounting Records Rules, have become applicable to the Company for its real estate operations during the current year; however, no specific formats for the maintenance of the cost records in respect of the real estate projects have been prescribed under the said rules.
Report on Other Legal and Regulatory Requirements 8. 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. Company
The Finance Act, and Service tax rules Demand of service tax on property transfer charges received from customers Management’s Responsibility for the Standalone Financial Statements 2. We have audited the attached Balance Sheet of DLF Limited ‘the Company’as at March 31,and also the Statement of Profit dof Loss and the Cash Flow Statement for the year ended on that date annexed thereto collectively referred as the ‘financial statements’.
In making those risk assessments, the auditor considers internal control relevant to the Company”s preparation and fair presentation of the financial statements in order to design audit procedures that repott appropriate in the circumstances.
Based on the advice from independent experts on the respective matters, management is confident that no liabilities or other obligations resulting in a financial impact, other than those already recognised, will devolve on the Company. 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.
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. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit; b. Name of the statute Nature of dues Demand amount Rs. We conducted our audit in accordance with the auditing standards generally accepted in India. Accordingly, the provisions of clause 4 vi of the Order are not applicable.
Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether these standalone financial statements are free from material misstatement. These financial statements are the responsibility of the Companys management. 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.
As required by Section 3 of the Act, we report that: There exists however 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.
Based on an 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, 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.
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. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. For inventory represented by development rights at the year end, written confirmations have been obtained by the management.
Name of the statute Nature of dues Demand Amount paid amount Rs. We have verified the end use of money raised by public issue as disclosed by the management in note 57 to the financial statements.
Auditor Report of DLF Ltd.
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 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 operation and also in respect of Company”s real estate operations and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained.
Mar 31, Report on the Standalone Financial Statements. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. Accordingly, the provisions of clause 4 xiii of the Order are not applicable. Name of the Nature of dues Demand Amount statute amount paid Rs.
The maximum amount outstanding during the year and the year end balance was Rs.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on these standalone financial statements.
If you continue without changing your settings, we’ll assume that you are happy to receive all cookies on Goodreturns website. For inventory represented by development rights at the year-end, written confi rmations have been obtained by the management.
The Company has not granted any loans and advances on the basis of security by way of pledge of shares, debentures and other securities. In our opinion, the Company has not defaulted in repayment of dues to a financial institution dlr a bank or debenture-holders during the year. We believe elf the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements. 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 2090-10 in conformity with the accounting principles generally accepted in India, in the case of: The maximum amount outstanding during the year was Rs.