PRINCY PANKAJ CHAWLA &ASSOCIATES CHARTERED ACCOUNTANT INDIA Add: Plot no.269, Near Vasanshah Darbar, Jaripatka, Nagpur-14 Mob:9021202666 Email: caneha.c.dewani@gmail.com Annexure F FORM 5 see Regulation 4] ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT'S CERTIFICATE Date: 01.07.2024 01.10.2024 To, M/s. J KBUILDERS AND DEVELOPERS, (Promoter) BALLARPUR PAN: AAOFJ5744Q SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and 01.04.2021 to withdrawal by M/s. J K Builders & Developers for the period from 31.03.2022 with respect to MahaRERA Regn. Number P50900022124 Estate 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtra Real (Regulation and Development) (Registration of Real Estate Projects, Registration of 2017. Real Estate Agents, Rates of Interest and Disclosures on Website) Rules, the 2. / We have obtained all necessary information and explanation from Promoter, during the course of our audit, which in my/our opinion are necessary for the purpose of thís certificate. 3. /We hereby confirm that l/ We have examined the prescribed registers, books Developers for and documents, and the relevant records of M/s. J K Builders and the period ended 31.03.2022 and hereby certify that: A) Deposits: Total for this For this Fiscal Year project tilldate Total amount collected from 75,68,154 1,44,90,773 1 allottees 70% 70% 2 % of amount to be deposited as per Act 52,97,708 1,01,43,541 3 Amount to be deposited as per Act (1*2) 75,68,154 1,44,90,773 4 Total amount deposited in the Designated Bank Account 100 100 5 % of Amount deposited in Designated Bank Account [(4)/(1)*100] 22,70,446 43,47,232 6 Shertfall Excess Deposit (3-4) pass through charges and *Amount collected/deposited at Sr. No. 1&2, shall not include indirect taxes. allottees of the project units, as Has the required proportion of money collected from Account? (Yes/No). specified in the act, deposited in the Designated RERA Bank If No. Please mention the amount not deposited. which are exclusively for Ans:Yes(whole amount is deposited into two bank accounts Designated RERA Bank Account till the Project but the Promoters had failed to open refer section D). date required as per Law, for more details, please Page 2 of 5 B) Withdrawals: For this Fiscal Year Total for this project tilldate 1 Opening Balance of 5,85,264.,40 Designated Bank Account 1,00,000.00 58,48,972.50 2 Total Deposits Total amount withdrawn 6,62,963.40 58,26,672.00 4 Closing Balance 22,300.50 22,300.50 As specified in the Act, Allthe amounts withdrawn during the year from RERA Bank Form 1, Form Account were within the withdrawal limit as certified under the relevant 2 and Form 3 issued during the reporting period? (Yes/No). If No. Please provide the below details: Date of Withdrawal Amount of Excess Withdrawals Sr. No. 1 Ans: Yes. (more clarifications, please refer section D) been taken Remarks : Considering this year in Form 3, collection from allottees has was 100% into account 70% of Amount Collected during the period; prior to this opened RERA been considered for collection from allottees. As Promoter had not sales 8& Designated Bank Account and whole sales proceeds in the form of advances, transactions is performed from Two Bank Account of HDFC - current account (being the dedicated bank account) and Buldhana Urban Co-op Credit Society Ltd, Ballarpur Branch; in the name of M/s. J K BUILDERS AND DEVELOPERS. availed Another current account maintained by promoter from which they had Construction Loan is from Buldhana Urban Coop Credit Soc Ltd: Total Deposits from Page 3 of 5 Deposits : Rs.3,78,75,150.00 start of the bank account to till date of this certificate are Rs.6,92,615.00 respectively. ; Withdrawals : Rs. 3,71,82,535.00 with Closing Balance of C) Utilisation: amounts & Developers has utilized the \/We certify that, the M/s. J K Builders towards project cost only, as specified in withdrawn from designated bank account the act. details : If No, please provide the below Date Amount not utilised for Project Cost Sr. No. 1 Ans: Yes. /Observation of CA D) Any Qualification DEVELOPERS, had not opened RERA 1 Promoter M/s. J K BUILDERS AND but had opened and transacted Designated Bank Account as per the Act, the project. through dedicated bank account exclusively for opened an another Current Account 2. As seen from records, Promoters had also Buldana Urban Co-op. Credit Society Ltd, Ballarpur Branch Current into had obtained Loan for construction Account number:21/30; from which they transactions were seen to be done Two Crores. Henceforth some of the of which regular transactions and from that respective Bank Account also into too apart from their regular funds collected from Allottees has been deposited branch. Dedicated Bank ACCount of HDFC Bank Ltd, Ballarpur Buldhana Urban Credit Coop Ltd, 3. Two crores is the Secured loan availed from Page 4 of 5 whereas, Unsecured Loan is being availed from Partners of the Firm. 4. This certificate is issued, basis of records produced before me by the Promoters. Yours Faithfully, nkajCh,awa Name : Mrs. Princy Pankaj Chawla Blate NAGPUR) artered Membership Number: 145214 UDIN: 241452146TZZQM 7609 Agreed and Accepted by: LK.Builder's &gyeloper's tikhatu' Partner Signature of Promoter Name: For, M/s. JK Builders &Developers Date: 01.10.2024 01.07.2024 Page 5 of 5