l--- " RS P H + Assoaates Charter ed Accovnl.anlE Oltrce No.46, 5th Floor JITO Dusnees Day, Near Kotak Mahndra Bank, Off . llolel Sandry Mahamarq, Mumbat Naka, Nashrk 422OO2. FORM 5 [See Regulation 4l Annual Report on Statement of Accounts CHARTERED ACCOUNTANT'S CERTIFICATE Date: 30.12.2022 To, The Partners, Shantai Developers, 58, Pushpam apartment, Trimbak road, Dallubhai Patel colony, Near Milk Dairy, Nashik- 422005. Subject: Report on Statement of Accounts on Project fund deposit, utilization and withdrawal by Shantai Developers for the project "Shree Samarth Krupa Co-Op Housing Society Ltd" for the period from 01.04.2021to 14.03.2022 [Titl the date of Completion Certificatel with respect to Maha RERA Regn. Number: P51600013315. 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 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 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 Shantai Developers for the period ended l4th March2022 and hereby certify that: FR No 301 A. Deposits: Sr. No Pa rtic u la rs For the period from Total for this 0 r .04.2 t to project till date 11.03.22 i.e.,14.03.2022 I Total amount collected from allottees Nil I .35.61,300.00 o% 2 of amount to be deposited as per act 70% 70% J Amount to be deposited as per act ( I *2) Nil 94,92,910.00 4 Total amount deposited in the Designated Nil 1,34,01,300.00 Bank Account 5 % of Amount deposited in Designated Bank Ni 99% Account l(4y(l)*100] 6 Shortfall / Excess deposit (3-4) Nil (39,08,390.00) Amount collected/ deposited at Sr.No 1 & 2, 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? N.A. since there are no collections from customers during the period from 0l .04.21to 14.03.22. If No, please mention the amount not deposited-N.A. B. Withdrawals: Sr.no Pa rticu lars For the period from Total for this 01.04.21 to 14.03.22 project till date i.e. DCB Bank A/c No. up to 14.03.22 09523900000028 DCB Bank Alc No.09523900000028 I Opening Balance of Designated Bank Nil 0.00 Account 2 Total Deposits Ni 1,40,82,000.00 J Total amount withdrawn Nil r,40,82,000.00 4 Closing Balance Nil 0.00 As specified in the Act, All the amounts withdrawn during the year from RERA Bank Account were within the withdrawal limit as certified under the relevant Form l, Form 2 and Form 3 issued during the reporting period? (Yes / No): N.A. since there are no collections from customers during the period from 01.04.21to 14.03.22. C. Utilization: We certift that Shantai Developers has utilized the amounts withdrawn from designated bank account towards project cost only, as specified in the act. FR No 3013N If No, please provide the below details: Sr. Date Amount not utilizcd for project cost No. I Not Applicable Not Applicable D. Any Qualification / Observations of CA I We have conducted our engagement and examination in accordance with standards on Auditing, Guidance Note on Reports and Certificates for special purposes and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of lndia. We confirm our compliance to all such applicable pronouncements and with the ethical requirements of the Code of Ethics issued by the Institute of Chartered Accountants of lndia. 2 It is the primary responsibility of the management of Shantai Developers to prepare, produce and maintain all accounting and other relevant supporting records and documents required for the purpose of this certificate. This responsibility includes the design, implementation and maintenance of necessary and appropriate internal control commensurate with the nature and size of entiW. J As per self-certification obtained from the management, the amounts withdrawn from the designated bank account are utilized towards project cost only. While certifying on utilization, we have relied on the completion certificate obtained from Nashik Municipal Corporation dated l4th March,22 as produced by the management of entity. The copy of the same is attached herewith. Yours faithfully, For RSPH and Associates Charlered Accountants FRN:003013N FR NO 301 a M.No.ll9544 UDIN : 22t I9544BCLRPC9854 Date:30.12.2022 Place:Nashik Sig urc oY Promoter Name: Sandeep kanakmal Jain Designation: Partner Date:30.12.2022