Page 161 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori

2.Dispute details: where statutory dues referred to in sub-clause (a) have not been deposited on account of any
dispute, then the amounts involved and the forum where dispute is pending shall be mentioned (a mere
representation to the concerned Department shall not be treated as a dispute)

viii) (CNO CARO.180) Transactions Not Recorded
Surrendered or disclosed: 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 (43
of 1961), if so,
Properly recorded: whether the previously unrecorded income has been properly recorded in the books of
account during the year;

(ix) (CNO CARO.200) Repayment of Loans: (Default/usage)
1A. Defaulted in Repayment of Loans: whether the company has defaulted in repayment of loans or other
borrowings or in the payment of interest thereon to any lender, if yes, the period and the amount of default to
be reported as per the format below: -

Nature of Name of Amount not Whether No. of days Remarks, if any
borrowing, lender* paid on due principal or delay or unpaid
including debt date interest
securities
*Lender wise
details to be
provided in
case of defaults
to banks,
financial
Institutions and
Government.

1B. Declared Wilful Defaulter: whether the company is a declared wilful defaulter by any bank or financial
institution or other lender.
2A. Utilization of Term Loans: whether term loans were applied for the purpose for which the loans were
obtained; if not, the amount of loan so diverted and the purpose for which it is used may be reported.
2B. Short-Term Funds for Long term purpose: whether funds raised on short term basis have been utilised for
long term purposes, if yes, the nature and amount to be indicated.
3A. Funds for SJA: 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;
3B. Funds from SJA: 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;

(x) (CNO CARO.220) IPO/FPO/ Preferential Allotment /Private placement:
IPO/FPO: Determine if the funds raised through Initial Public Offer (IPO) or Further Public Offer (FPO),
including debt instruments, were used for their intended purposes. Report any instances where the funds were
not utilized as intended, providing details of any delays or defaults, and any subsequent rectification measures
taken.

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