From Published Accounts

Compilers’ Note
CARO 2016 has introduced a new clause 1(c) wherein auditors have to comment on ‘whether the title deeds of immovable properties are held in the name of the company; lf not, provide the details thereof’;

Given below are some disclosures by companies for the year ended 31st March 2016 for the same.

Tata Consultancy Services Ltd .
According to the information and explanations given to us and the records examined by us and based on the examination of the conveyance deed provided to us, we report that, the title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the Company as at the balance sheet date, except a building with carrying value of Rs. 0.27 lakhs which is under dispute.

Tata Communications Ltd
According to the information and explanations given to us and the records examined by us and based on the examination of the registered sale deed, conveyance deed and transfer deed of the Government of India vide its letter no. G-25015/6/860C dated 23 October, 2001 provided to us, we report that, the title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the Company, except the following:

Tata Motors Ltd
According to the information and explanations given to us, the records examined by us and based on the examination of the registered sale deed / transfer deed / conveyance deed / confirmation from custodians / court orders approving schemes of arrangements / amalgamations provided to us, we report that, the title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the Company as at the balance sheet date. In respect of immovable properties of land and buildings that have been taken on lease and disclosed as fixed asset in the financial statements, the lease agreements are in the name of the Company, where the Company is the lessee in the agreement.

Dr Reddy’s Laboratories Ltd
According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of immovable properties as disclosed in Note 2.7 to these standalone financial statements, are held in the name of the Company.

Vedanta Ltd
According to the information and explanations give to us and the records examined by us and based on the examination of the registered sale deed / transfer deed / conveyance deed and other relevant records evidencing title provided to us, we report that, the title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the Company as at the balance sheet date, except as stated in the table below:

In respect of immovable properties of land and buildings that have been taken on lease and disclosed as fixed asset in the financial statements, the lease agreements are in the name of the Company, where the Company is the lessee in the agreement, except as stated in the table below:

Britannia Industries Ltd
In our opinion and according to the information and explanations given to us and on the basis of our examination of the records of the company, the title deeds of immovable properties are held in the name of the company.