Page 78 - Arvind 2024

Therefore, Point No 2 as above mentioned are not applicable to the Company for F.Y. 2023-24.
3. We have relied on the representation made by the Company and its Officers for systems and mechanism formed by the Company for compliances under other applicable Acts, Laws and Regulations as applicable to the Company.
4. The Company has complied with following specific laws to the extent applicable to the Company:
a) The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
b) The Employees’ State Insurance Act, 1948.
c) The Contract Labour (Regulation & Abolition) Act, 1970.
d) The Maternity Benefit Act, 1961.
e) The Minimum Wages Act, 1948.
f) The Payment of Bonus Act, 1965.
g) The Payment of Gratuity Act, 1972.
h) The Payment of Wages Act, 1936.
i) The Workmen Compensation Act, 1923.
j) Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013.
k) Shops and Establishment Act of respective states.
l) The Child and Adolescent Labour (Prohibition and Regulation) Act, 1986.
m) Tax on Profession of respective States.
n) Labour Welfare Fund.
o) The Legal Metrology Act, 2009.
p) The Consumer Protection Act, 1986.
q) Trademarks Act, 1999.
r) The Information Technology Act, 2000.
s) Income Tax Act, 1961 and its Rules.
t) The Goods and Services Tax Act, 2017.
u) Customs Act, 1962.
Date: May 06, 2024 Place: Ahmedabad
5. We have also examined compliance with the applicable clauses of Secretarial Standards issued by The Institute of Company Secretaries of India.
The Listing Agreements entered into by the Company with Stock Exchange pursuant to Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. (the securities of the company are not listed on any recognized stock exchange, clauses of listed agreement were not applicable).
We further report that
The Board of Directors of the Company is properly constituted. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act. Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.
Majority decision is carried through while the dissenting members’ views are captured and recorded as part of the minutes.
We further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.
We further report that during the audit period there were no specific events / actions having a major bearing on the company’s affairs except following:
76 | Arvind SmartSpaces Limited
1.
2.
Company has altered Memorandum of Association of the Company by way of addition of new Objects related to supply or trading of goods or materials used in the real estate business, in addition to the existing Main Objects Clause and Liability Clause.
Company has adopted new set of Articles of Association of the Company in accordance with the Provisions of the Companies Act, 2013.
For, N. V. KATHIRIA & ASSOCIATES Company Secretaries
N. V. KATHIRIA
PROPRIETOR
FCS 4573 COP 3278 PR Cert. No. 1085/2021 (UDIN: F004573F000314146)