Form 5 ANNUAL REPORT ON STATEMENT OF ACCOUNTS CHARTERED ACCOUNTANT’S CERTIFICATE To HS Chetana Enterprises NX LLP 102, Shiv Siddhi, GV Scheme Road No. 1, Above Apna Sahakari Bank, Kurla, Mumbai Suburban -400081 SUBJECT: Report on Statement of Accounts on project fund deposit, utilization and withdrawal by HS Chetana Enterprises NX LLP for the period from 01/04/2022 to 31/03/2023 with respect to MahaRERA Regn Number - P51800023081 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 this certificate. 3. We hereby confirm that we have examined the prescribed registers, books and documents and the relevant records of HS Chetana Enterprises NX LLP for the period ended 31/03/2023 and hereby certify that: A. Deposits: Till date i.e. S. No. Particulars For FY 2022-23 (31/03/2023) 1 Total amount collected from allottees 9,95,16,493 39,66,95,147 2 % of amount to be deposited as per act 70% 70% 3 Amount to be deposited as per act (1*2) 6,96,61,545 27,76,86,603 4 Total amount deposited in the Designated Bank Account - - % of amount deposited in the Designated Bank Account 5 0.00% 0.00% [(4)/(1)*100] 6 Shortfall/Excess deposit (3-4) 6,96,61,545 27,76,86,603 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? (Yes/No) If No, Please mention the amount not deposited. B. Withdrawals: Till date i.e. S. No. Particulars For FY 2022-23 (31/03/2023) 1 Opening Balance of Designated BankAccount Nil Nil 2 Total Deposits Nil Nil 3 Total Amount withdrawn Nil Nil 4 Closing Balance Nil Nil Due to the non maintenance of the RERA Bank account as outlined in the Act, it becomes difficult to establish whether all the withdrawals made from the RERA Bank Account during the year adhered to the withdrawal limit, as certified under the relevant Form 1, Form 2, and Form 3 issued during the reporting period. If No, please provide the below details:- Amount of Excess S. No. Date of withdrawal Withdrawals 1 - C. Utilisation: We certify that, determination of whether HS Chetana Enterprises NX LLP has utilized the amounts withdrawn from Designated Bank Account towards project cost only, as specified in the Act, cannot be ascertained. If No, please provide the below details:- Amount not utilized for S. No. Date Project Cost 1 Refer Note 3 - D. Any Qualifications/Observations of CA: The project's commencement date is established in accordance with the RERA Certificate issued by 1 MahaRERA, dated November 29th, 2019. The Total funds collected from allottees have been derived from the unaudited books of accounts, as presented by the management of the promoter. On a comprehensive assessment of the promoter's books of 2 accounts, it has come to light that the promoter is not adhering to the stipulation of maintaining a distinct Designated RERA Bank account for the project, as mandated by Section 4(2)(l)(D) of the Act. Due to the absence of the designated RERA bank account, to be maintained by the promoter, the determination of amounts withdrawn during the year from designated RERA Bank Account were within the 3 withdrawal limit and the assessment of how the withdrawn funds from the designated RERA Bank Account have been utilized cannot be ascertained. For M/s Gaurav S Rajpal & Co. Chartered Accountant FRN :-159009W GAURAV Digitally signed by GAURAV SATISH SATISH RAJPAL Date: 2023.09.25 RAJPAL 19:36:14 +05'30' CA Gaurav S Rajpal M.No. 618490 Date :25-09-2023 Place: Navi Mumbai UDIN :- 23618490BGZWPX6671