PRINCY PANKAJ CHAWLA &ASSOCIATES CHARTERED ACCOUNTANT INDI¢ 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: AAOFJ57440 withdrawal by SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and respect to M/s. J K Builders & Developers for the period from 01.04.2023 to 31.03.2024 with MahaRERA Regn. Number P50900022124 and 1. This certificate is issued in accordance with the provisions of the Real Estate (Regulation Development) Act, 2016 read along with the Maharashtra Real Estate (Regulation and Development) (Registration of Real Estate Projects, Registration of Real Estate Agents,Rates of Interest and Disclosures on Website) Rules, 2017. 2. / We have obtained all necessary information and explanation from the Promoter, during the course of our audit, which in my/our opinion are necessary for the purpose of this certificate. 3. /We hereby confirm that / We have examined the prescribed registers, books and documents, and the relevant records of M/s. J KBuilders and Developers for the period ended 31.03.2024 and hereby certify that: A) Deposits: For this Fiscal Year Total for this project till date Total amount collected from 63,12,334 3,16,03,632 1 allottees 70% 70% 2 %of amount to be deposited as per Act 44,18,634 2,21,22,543 3 Amount to be deposited as per Act (12) 63,12,334 3,16,03,632 Total amount deposited in the Designated Bank Account in 100 100 5 of Amount deposited Designated Bank Account (4)/0100] 6 Shortfalt/ Excess Deposit (3-4) 18,93,700 94,81,089 "Amount collected/deposited at Sr. No. 182, shall not include pass through charges and indirect taxes. units, as specified in Has the required proportion of money collected from allottees of the project the act, deposited in the Designated RERA Bank Account? (Yes/No). If No. Please mention the amount not deposited. exclusively for the Project Ans: Yes (whole amount is deposited into two bank accounts which are 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 2,47,17.08 0 1 Opening Balance of Designated Bank Account 77,84,001.00 2,14,72,738.50 2 Total Deposits 78,67,124.38 2,13,08,744.80 3 Total amount withdrawn 1,63,993.70 1,63,993.70 Closing Balance during the year from RERA Bank Account were As specified in the Act, All the amounts withdrawn issued the relevant Form 1, Form 2 and Form 3 within the withdrawal limit as certified under during the reporting period? (Yes/No). If No. Please provide the below details: Date of Withdrawal Amount of Excess Withdrawals Sr. No. 1 section D) Ans: Yes. (more clarifications, please refer Remarks: into also opened an another Current Account As seen from records, Promoters had Ballarpur Branch Current Account number: Buldhana Urban Co-op. Credit Society Ltd, construction of Two Crores. However, this 21/30; from which they had obtained Loan for Sahakari Pat Sanstha, Ballarpur with the has been now transferred to Chandrapur Nagari related Henceforth, some of the loan and interest balance transfer of 1.65 crores. respective Bank Account. transactions were seen to be done from that promoter from which they had availed Another current account maintained by Credit Soc Ltd:Total Deposits from start Construction Loan is from Buldhana Urban Coop certificate are Deposits : Rs.6,30,54,922 ; of the bank account to till date of this Rs.16,821 respectively. However, this Withdrawals : Rs. 6,30,38,101 with Closing Balance of Loan Transfer is been made Buldhana Urban Coop loan account is being closed now and to Chandrapur Nag Sah Pat Sanstha. repayment during the Chandrapur Nag Sah Pat Sanstha, Ballarpur Branch: Total loan Rs.8,04,795/-; with Closing Balance quarter was Rs.1,95,205/- and interest repayment was of Rs.1,57,26,197/- respectively. C) Utilisation: withdrawn from that, the M/s. JKBuilders &Developers has utilized the amounts I/We certify as specified in the act. designated bank account towards project cost only, If No, please provide the below details: Date Amount not utilised for Project Cost Sr. No. 1 Ans: Yes. CA D) Any Qualification /0bservation of had not opened RERA Designated Bank |1. Promoter M/s. J KBUILDERS AND DEVELOPERS, transacted through dedicated bank account Account as per the Act, but had opened and denotes the figures for primary Dedicated exclusively for the project. Table A and B, exclusively for the said Project "Nikhil Planet" HDFC Bank Current Account opened 50200034333000. bearing account number into also opened an another Current Account 2 As seen from records, Promoters had Ballarpur Branch Current Account number: Buldana Urban Co-op. Credit Society Ltd, for construction of Two Crores. Henceforth 21/30 ; from which they had obtained Loan also done from that respective Bank Account some of the transactions were seen to be into which regular transactions and funds collected from Allottees has been deposited Ballarpur too apart from their regular Dedicated Bank Account of HOFC Bank Ltd, branch. firm. Also, the Promoter, had 3. Land for the Project is introduced by Partners into the for Construction or allied activities. mortgaged/ borrowed against the said Project land: Yours Faithfully, Pankaj Chawla Chawla aWame: Mrs. Princy NAGPUR) hartered Accouol Membership Number: 145214 JZZQP 95 88 UDIN: 24 145214 Agreed and Accepted by: aopers thali Partner Signature of Promoter Name: Developers For, M/s. J KBuilders & 01.10.2024 Date: 01.07.2024