Page 94 - Kolte Patil AR 2019-20

ANNEXURE VIII
Form No. MR-3
SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED 31st MARCH, 2020
[Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No.9 of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 and

Pursuant to Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015]

To,
The Members,
Kolte-Patil I-Ven Townships (Pune) Limited,
Survey No. 74, Marunji Hinjewadi -Marunji -Kasarsai Road,
Taluka- Mulshi Pune -411057.

Kolte-Patil I-Ven Townships (Pune) Limited (hereinafter called “the to an Issue and Share Transfer Agents) Regulations, 1993
Company”). Secretarial Audit was conducted in a manner that regarding the Companies Act and dealing with client;
provided us a reasonable basis for evaluating the corporate conducts/ (vi) The other laws, as informed and certified by the Management of
statutory compliances and expressing our opinion thereon. the Company and on examination of relevant documents and

Based on our verification of the Company’s books, papers, minute records in pursuance thereof, the company has complied with
books, forms and returns filed and other records maintained by the the following laws specifically applicable to the Company based
company and also the information provided by the Company, its on their sector/ industry are:-
officers, agents and authorized representatives during the conduct of a) The Housing Board Act, 1965;
secretarial audit, We hereby report that in our opinion, the Company b) The Transfer of Property Act, 1882;
has, during the audit period covering the financial year ended on c) The Building and Other Construction Workers’ (Regulation
31st March 2020 complied with the statutory provisions listed of Employment and Conditions of Services) Act, 1996;
hereunder and also that the Company has proper Board-processes
and compliance-mechanism in place to the extent, in the manner d) The Real Estate (Regulation and Development Act) Act,
and subject to the reporting made hereinafter: 2016 (RERA 2016) and Maharashtra Real Estate (Regulation
and Development)(Registration of real estate projects,
We have examined the books, papers, minute books, forms and Registration of real estate agents, rates of interest and
returns filed and other records maintained bythe Company for the disclosures on website) Rules, 2017.
financial year ended on 31st March, 2020 according to the provisions e) The Maharashtra Regional and Town Planning Act, 1966.
of:
We have also examined compliance with the applicable clauses
(i) The Companies Act, 2013, as amended from time to time (the and regulations of Secretarial Standards issued by The Institute of
Act) and the rules made thereunder; Company Secretaries of India.
(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the During the period under review the Company has complied with the
rules made thereunder; (Not applicable to the Company during provisions of the Act, Rules, Regulations, guidelines, Standards, etc.
the audit period.)
mentioned above.
(iii) The Depositories Act, 1996 and the Regulations and Bye-
laws framed thereunderto the extent of the securities held in We further report that,
dematerialized form; The Board of Directors of the Company is duly constituted with
(iv) Foreign Exchange Management Act, 1999 (‘FEMA’) and the proper balance of Executive Directors, Non-Executive Directors and
rules and regulations made thereunder; (Not applicable to the Independent Directors. However, the constitution of Nomination and
Company during the audit period.) Remuneration Committee consisted of two independent directors
(v) None of the Regulations and Guidelines prescribed under the and an executive director which was reconstituted after the close of
Securities and Exchange Board of India Act, 1992 (‘SEBI Act’)are financial year with the appointment of non-executive director.
applicable to the Company except:- Adequate notice is given to all directors to schedule the Board
a) The Securities and Exchange Board of India (Registrars Meetings, agenda and detailed notes on agenda were sent at least
seven days in advance, and a system exists for seeking and obtaining

92 | Kolte-Patil Developers Limited