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From Auditors’ Report:
(v) Attention is invited to Note No. III(8) of Schedule 18 regarding the payment of remuneration to the Managing Director and Whole-time Director, which is subject to approval of the Central Government.
(vi) Subject to the matter referred to in paragraph (v) above in our opinion and to the best of our information according to the explanations given to us, the said accounts give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India.
