Guarantee (x) whether the No Clause Clause not ------ company has included given any guarantee for loans taken by others from bank or financial institutions, the terms and conditions whereof are prejudicial to the interest of the company; Term Loan/ (xi) whether (ix) Whether Whether Auditor Money raised term were moneys raised moneys raised comment on applied for the by way of public by way of continues purpose for issue/ follow-on public issue/ default as well which the offer (including follow-on offer as defaults loans were debt (including debt rectified by the obtained; instruments) instruments). company and term loans Further details were applied for together with the purposes for delays / default which those are and subsequent raised. If not, rectification, if the details any, as may be together with applicable, be delays / default reported; and subsequent rectification, if any, as may be applicable, be reported; (xii) whether (x) Whether any Under the ICAI issued any fraud on fraud by the CARO, 2016 Revised or by the company or any specified that Guidance Note company has fraud on the fraud by its on Reporting on been noticed Company by its officers/ Fraud under or reported officers/ employees. Section 143(12). during the employees has year; If yes, the been noticed or nature reported during and the the year; If yes, amount the nature and involved is to the amount be indicated. involved be indicated.
Guarantee (x) whether the company has given any guarantee for loans taken by others from bank or financial institutions, the terms and conditions whereof are prejudicial to the interest of the company; No Clause Clause not included ------ Term Loan/ Money raised (xi) whether term were applied for the purpose for which the loans were obtained; (ix) Whether moneys raised by way of public issue/ follow-on offer (including debt instruments) and term loans were applied for the purposes for which those are raised. If not, the details together with delays / default and subsequent rectification, if any, as may be applicable, be reported; Whether moneys raised by way of public issue/ follow-on offer (including debt instruments). Further details together with delays / default and subsequent rectification, if any, as may be applicable, be reported; Auditor comment on continues default as well as defaults rectified by the company (xii) whether any fraud on or by the company has been noticed or reported during the year; If yes, the nature and the amount involved is to be indicated. (x) Whether any fraud by the company or any fraud on the Company by its officers/ employees has been noticed or reported during the year; If yes, the nature and the amount involved be indicated. Under the CARO, 2016 specified that fraud by its officers/ employees. ICAI issued Revised Guidance Note on Reporting on Fraud under Section 143(12).
CARO-2016.docx