Page 127 - Kolte Patil AR 2019-20

(xiii) In our opinion and according to the information and (xvi) The Company is not required to be registered under section
explanations given to us, the Company is in compliance 45-IA of the Reserve Bank of India Act, 1934.
with Section 177 and 188 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 For DELOITTE HASKINS & SELLS LLP
statements as required by the applicable accounting standards.
Chartered Accountants
(xiv) During the year the Company has not made any preferential (Firm’s Registration No. 117366W/W-100018)
allotment or private placement of shares or fully or partly
convertible debentures and hence reporting under clause (xiv)
of the Order is not applicable to the Company. Saira Nainar

(xv) In our opinion and according to the information and (Partner)
explanations given to us, during the year the Company has (Membership No. 040081)
not entered into any non-cash transactions with its directors (UDIN: 20040081AAAAAZ4755)
or directors of its subsidiaries or persons connected with
them and hence provisions of section 192 of the Act are not Place: Mumbai
applicable to the Company. Date: 23 June 2020

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