Page 127 - Kolte Patil AR 2019-20
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(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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