Schedule III Additional Requirements – Checklist with Referencer

Company has not granted any Loans or Advances in the nature of loans to promoters,
directors, KMPs and the related parties (as defined under Companies Act, 2013,) either
severally or jointly with any other person, that are: (a) repayable on demand or (b)
without specifying any terms or period of repayment.

Completion Schedule for Capital- Work-in Progress (CWIP)

The Company does not have any Benami Property and no proceedings have been initiated
or is pending against the Company for holding any Benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

or

(i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a)  directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a)  directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

Grants or donations received (relevant in case of section 8 companies only)]

– if applicable

The Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year

Before

Interest and Taxes

* Promoter here means promoter as defined in the Companies Act, 2013. ** Details shall be given separately for each class of shares *** percentage change shall be computed with respect to the number at the beginning of the year or if issued during the year for the first time then with respect to the date of issue

(Amount in Rs.)

# similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date of the transaction. Unbilled dues shall be disclosed separately;

Ageing
schedule for
trade
receivables
outstanding

⁵[(i) For trade receivables outstanding, following ageing schedule shall be given:

Trade Receivables ageing schedule

(Amount in Rs.)

Particulars

Outstanding for following periods from due date of
payment#

Less than 6
months

6 months -1
year

1-2
years

2-3
years

More than 3
years

Total

Undisputed Trade receivables – considered good

Undisputed Trade Receivables – considered doubtful

Disputed Trade Receivables considered good

Disputed Trade Receivables considered doubtful

# similar information shall be given where no due date of payment is specified, in that case disclosure shall be from the date of the transaction. Unbilled dues shall be disclosed separately.]

Contingent
liabilities and
commitment
s

Where the company has not used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date, the company shall disclose the details of where they have been used under the head Contingent liabilities and commitments (to the extent not provided for).

Title deeds of
Immovable
Property not
held in name
of the
Company

Title deeds of Immovable Property not held in name of the Company

The company shall provide the details of all the immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company in format given below and where such immovable property is jointly held with others, details are required to be given to the extent of the company’s share.

Relevant
line item in
the
Balance
sheet

Description of item of property

Gross
carrying
value

Title
deeds
held in

the
name of

Whether title deed
holder is a promoter,
director or relative# of
promoter*/ director or
employee of promoter/
director

Property
held since
which date

Reason for not
being held in
the name of
the company**

PPE

–

Land

Building

–

–

–

–

**also indicate if in dispute

Investment property

–

PPE retired from active use and held for disposal

–

others

Land

Building

Land

Building

#Relative here means relative as defined in the Companies Act, 2013. *Promoter here means promoter as defined in the Companies Act, 2013.

(a) repayable on demand or

(b)  without specifying any terms or period of repayment

(a) For Capital-work-in progress, following ageing schedule shall be given: CWIP aging schedule
(Amount in Rs.)

Project temporarily suspended

(b) For capital-work-in progress, whose completion is overdue or has exceeded its cost compared to its original plan, following CWIP completion schedule shall be given**:

(Amount in Rs.)

Project 2”

(a) For Intangible assets under development, following ageing schedule shall be given:

Intangible assets under development aging schedule

(Amount in Rs.)

Projects temporarily suspended

(Amount in Rs.)

Project 2

Where any proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, the company shall disclose the following:-

(a)Details of such property, including year of acquisition,

(b)  Amount thereof,

(c)  Details of Beneficiaries,

(d) If property is in the books, then reference to the item in the Balance Sheet,

(e) If property is not in the books, then the fact shall be stated with reasons,

(f) Where there are proceedings against the company under this law as an abetter of the transaction
or as the transferor then the details shall be provided,

(g) Nature of proceedings, status of same and company’s view on same.

(a)  whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.

(b)  if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed.

Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details shall be given:

(a)  Date of declaration as wilful defaulter,

(b)  Details of defaults (amount and nature of defaults),

* “wilful defaulter” here means a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the following detai s:-

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and reasons thereof shall be disclosed.

Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed.

(b)   Debt-Equity Ratio,

(c)  Debt Service Coverage Ratio,

(d)   Return on Equity Ratio,

(f)    Trade Receivables turnover ratio,

(g)  Trade payables turnover

ratio,

(h)  Net capital turnover ratio,

(j)    Return on Capital employed,

(k) Return on investment.

Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements have been accounted for in the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with accounting standards’ and deviation in this regard shall be explained.

(A) Where company has advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entities identified  in any   manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(ii)  provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
the company shall disclose the following: –

(I)  date and amount of fund advanced or loaned or invested in Intermediaries with complete details
of each Intermediary.

(II)   date and amount of fund further advanced or loaned or invested by such Intermediaries to other
intermediaries or Ultimate Beneficiaries alongwith complete details of the ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf of the Ultimate
Beneficiaries

(IV)   declaration that relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act has been complied with for such transactions and the transactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of 2003).

(B) Where a company has received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall

(i)  directly or indirectly lend or invest in other persons or entities identified  in any   manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company
shall disclose the following: –

(I)   date and amount of fund received from Funding parties with complete details of each Funding
party.

(II)   date and amount of fund further advanced or loaned or invested other intermediaries or Ultimate Beneficiaries alongwith complete details of the other intermediaries or ultimate beneficiaries.

The Company shall give details of any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961), unless there is immunity for disclosure under any scheme and also shall state whether the previously unrecorded income and related assets have been properly recorded in the books of account during the year.

Where the company covered under section 135 of the companies act, the following shall be disclosed with regard to CSR activities:-

(a)   amount required to be spent by the company during the year,

(b)   amount of expenditure incurred,

(c)   shortfall at the end of the year,

(d)   total of previous years shortfall,

(e)   reason for shortfall,

(f)  nature of CSR activities,

(g)   details of related party transactions, e.g., contribution to a trust controlled by the company in relation to CSR expenditure as per relevant Accounting Standard,

(h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year should be shown separately.

Where the Company has traded or invested in Crypto currency or Virtual Currency during the financial year, the following shall be disclosed:-

(a)   profit or loss on transactions involving Crypto currency or Virtual Currency

(b)   amount of currency held as at the reporting date,

(c) deposits or advances from any person for the purpose of trading or investing in Crypto Currency/ virtual currency.]

(1) Shareholders’ funds

(a)   Share capital

(b)   Reserves and surplus

(c)    Money received against share warrants

(2) Share application money pending allotment

(3) Non-current liabilities

(a)   Long-term borrowings

(b)   Deferred tax liabilities (Net)

(c)   Other Long term liabilities

(d)   Long-term provisions

(4) Current liabilities

(a)   Short-term borrowings

[(b) Trade payables:-

(A)  total outstanding dues of micro enterprises and small

enterprises; and

(B)   total outstanding dues of creditors other than micro

enterprises and small enterprises.] ⁶

(c)    Other current liabilities

(d)   Short-term provisions

(1) Non-current assets

(a)   ⁷[Property, Plant and Equipment ⁸[and Intangible assets] ]

^{(i)        9}[Property, Plant and Equipment]

(ii)   Intangible assets

(iii) Capital work-in-progress

(iv)  Intangible assets under development

(b)   Non-current investments

(c)    Deferred tax assets (net)

(d)   Long-term loans and advances

(e)   Other non-current assets

(2)   Current assets

(a)   Current investments

(b)   Inventories

(c)   Trade receivables

(d)   Cash and cash equivalents

(e)   Short-term loans and advances

(f)    Other current assets

Cost of materials consumed Purchases of Stock-in-Trade

work-in-progress and                                                                               Xxx                                        xxx

Stock-in-Trade                                                                                        Xxx                                        xxx

Employee benefits expense                                                                      Xxx                                        xxx
Finance costs

Depreciation and amortisation expense

Other expenses

(2)  Deferred tax

(2)  Diluted