PRINCY PANKAJ CHAWLA&ASSOCIATES CHARTERED ACCOUNTANT INDI A 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 and SUBJECT: Report on Statement of Accounts on project fund deposit, utilization 01.04.2022 to withdrawal by M/s. JK Builders & Developers for the period from 31.03.2023 with respect to MahaRERA Regn. Number P50900022124 of the Real Estate 1. This certificate is issued in accordance with the provisions Real Estate (Regulation and Development) Act, 2016 read along with the Maharashtra Registration of (Regulation and Development) (Registration of Real Estate Projects, Rules, 2017. Real Estate Agents, Rates of Interest and Disclosures on Website) explanation from the 2. / We have obtained all necessary information and the course of our audit, which in my/our opinion are necessary for Promoter, during the purpose of this certificate. 3 I/ We hereby confirm that / We have examined the prescribed registers, books Developers for and documents, and the relevant records of M/s. JK Builders and the period ended 31.03.2023 and hereby certify that: A) Deposits: For this Fiscal Year Total for this project tilldate 1 Total amount collected from 1,08,00,525 2,52,91,298 allottees 2 % of amount to be deposited 70% 70% as per Act 3 Amount to be deposited as per 75,60,367 1,77,03,908 Act (1*2) Total amount deposited in the 1,08,00,525 2,52,91,298 Designated Bank Account 5 % of Amount deposited in 100 100 Designated Bank Account [(4)/(1)*100] 6 Shertfallf Excess Deposit (3-4) 32,40,158 75,87,389 *Amount collected/deposited at Sr. No. 182, shall not include pass through charges and indirect taxes. Has the required proportion of money collected from allottees of the project units, as specified in the act, deposited in the Designated RERA Bank Account? (Yes/No). If No. Please mention the amount not deposited. Ans: Yes (whole amount is deposited into two bank accounts which are exclusively for the Project but the Promoters had failed to open Designated RERA Bank Account till date required as per Law, for more details, please refer section D). B) Withdrawals: For this Fiscal Year Total for this project till date (i.e. 31.03.2024) Balance of 22300.50 1 Opening Designated Bank ACCount 1,36,88,737.50 Total Deposits 78,39,765.00 2 76,14,948.42 1,34,41,620.42 3 Total amount withdrawn 2,47,117.08 2,47,117.08 4 Closing Balance amounts withdrawn during the year from RERA Bank As specified in the Act, All the Form 1, Form limit as certified under the relevant Account were within the withdrawal reporting period? (Yes/No). 2 and Form 3 issued during the details: If No. Please provide the below Excess Withdrawals Sr. No. Date of Withdrawal Amount of 1 refer section D) Ans: Yes. (more clarifications, please Remarks: account from allottees has been taken into Considering this year in Form 3, collection considered period; prior to this was 100% been 70% of Amount Collected during the had not opened RERA Designated Bank for collection from allottees. As Promoter is form of advances, sales & transactions Account and whole sales proceeds in the HDFC- current account (being the dedicated performed from Two Bank Account of 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 Rs.4,34,36,122.00 start of the bank account to till date of this certificate are Deposits : ;Withdrawals : Rs. 4,34,29,757.00 with Closing Balance of Rs.6,365.00 respectively. C) Utilisation: has utilized the amounts \/We certify that, the M/s. J K Builders & Developers specified in withdrawn from designated bank account towards project cost only, as the act. If No, please provide the below details : Sr. No. Date Amount not utilised for Project Cost 1 Ans: Yes. D) Any Qualification /Observation of CA RERA 1. Promoter M/s. J K BUILDERS AND DEVELOPERS, had not opened Designated Bank Account as per the Act, but had opened and transacted through dedicated bank account exclusively for the project. Account 2. As seen from records, Promoters had also opened an another Current into Buldana Urban Co-op. Credit Society Ltd, Ballarpur Branch Current Account number :21/30; from which they had obtained Loan for construction of Two Crores. Henceforth some of the transactions were seen to be done from that respective Bank Account also into which regular transactions and fromtheir regular funds collected from Allottees has been deposited too apart Dedicated Bank AcCOunt of HDFC Bank Ltd, Ballarpur branch. Ltd, availed from Buldhana Urban Credit Coop 3. IWo crores is the Secured loan the Firm. whereas, Unsecured Loan is being availed from Partners of Yours Faithfully, Chawla RajGhaw Name: Mrs. Princy Pankaj NAGPUR) Bhaule rtered Accoun Membership Number: 145214 241452/4BTZZA 2665 UDIN: Agreed and Acçpted by: AK.BuildersQAreloper's Signature of Prpestaer Name: Developers For, M/s. J KBuilders & Date: 01.07.2024 01.10.2024