Page 97 - Kolte Patil AR 2019-20

ANNEXURE IX
Form No. MR-3
SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED 31st MARCH, 2020
[Pursuant to Regulation 24A of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
and
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]

To,
The Members,
Kolte-Patil Real Estate Private Limited
2nd Floor, City Point Dhole Patil Road
Pune-411001.

We have conducted the secretarial audit of the compliance of a) The Securities and Exchange Board of India (Registrars
applicable statutory provisions and the adherence to good corporate to an Issue and Share Transfer Agents) Regulations, 1993
practices by Kolte-Patil Real Estate Private Limited(hereinafter called regarding the Companies Act and dealing with client;
“the Company”). Secretarial Audit was conducted in a manner that (i) The other laws, as informed and certified by the
provided us a reasonable basis for evaluating the corporate conducts/ Management of the Company and on examination of
statutory compliances and expressing our opinion thereon. relevant documents and records in pursuance thereof,
Based on our verification of the Company’s books, papers, minute the company has complied with the following laws
books, forms and returns filed and other records maintained by the specifically applicable to the Company based on their
company and also the information provided by the Company, its 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’
31st March 2020 complied with the statutory provisions listed (Regulation of Employment and Conditions of
hereunder and also that the Company has proper Board-processes Services) Act, 1996;
and compliance-mechanism in place to the extent, in the manner
and subject to the reporting made hereinafter: d) The Real Estate (Regulation and Development
Act) Act, 2016 (RERA 2016) and Maharashtra
We have examined the books, papers, minute books, forms and Real Estate (Regulation and Development)
returns filed and other records maintained by the Company for the (Registration of real estate projects, Registration of
financial year ended on 31st March 2020 according to the provisions real estate agents, rates of interest and disclosures
of: on website) Rules, 2017.
(i) The Companies Act, 2013, as amended from time to time (the
Act) and the rules made thereunder; We have also examined compliance with the applicable clauses
(ii) The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the and regulations of Secretarial Standards issued by ‘The Institute of
rules made thereunder; (Not applicable to the Company during Company Secretaries of India’;
the audit period.)
During the period under review the Company has complied with the
(iii) The Depositories Act, 1996 and the Regulations and Bye-laws provisions of the Act, Rules, Regulations, guidelines, Standards, etc.
framed thereunder to the extent of the equity shares held in mentioned above subject to following observation:
dematerialized form;
a. The Company had declared interim dividend in the Board meeting
(iv) Foreign Exchange Management Act, 1999 and the rules and held on 27th March, 2020 and issued cheques against the payment
regulations made thereunder applicable to the extent of of interim dividend within prescribed time. However dividend
Foreign Direct Investment;
amount was realized by the members after 30 days of declaration of
(v) None of the Regulations and Guidelines prescribed under the dividend due to pandemic of COVID-19 and nationwide lockdown.
Securities and Exchange Board of India Act, 1992 (‘SEBI Act’)are
applicable to the Company except:-

Annual Report 2019-20 | 95