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12 views1 page

w5

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ARCK Resolution Professionals LLP as Resolution Professional in place of Mr. Sanjay Gupta.

Subsequently, the Hon’ble NCLT allowed the application and appointed M/s. ARCK Resolution
Professionals LLP having Registration No. IBBI/IPE-0030/IPA-1/2022-23/50013 as Resolution
Professional (“RP”) in this matter vide its Order dated 14.03.2024. Upon initiation of CIRP against
corporate debtor i.e. Winsome Yarns Limited, its management shall vest with the interim resolution
professional/resolution professional as the case may be, in terms of section 17 of the IBC, 2016.
Accordingly, the powers of the board of directors of the Corporate Debtor are under suspension
from the CIRP initiation order dated 22.12.2023 passed by Hon’ble NCLT. 4. Non compliances as per
SEBI (LODR) Regulations, 2015 for the year ended 31st March, 2024 are as follows: (i) The post of the
Whole Time Company Secretary of the Company has been vacant since 22.12.2023. 5. DEFAULT IN
DEPOSITING THE PROVIDENT FUND CONTRIBUTION As per the information provided, the company is
not regular in depositing undisputed statutory dues including provident fund, employees’ state
insurance. (Girish Madan) Practicing Company Secretary Membership No: 5017 Date: 04.12.2024
Certificate of Practice No: 3577 Place: Panchkula UDIN: F005017F003245628 Peer Review Certificate
No. 1514/2021 *This report is to be read with our letter which is annexed as Annexure A and forms
an integral part of this report

ANNEXURE – D Form No. MR-3 SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED 31st
MARCH, 2024 [Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the
Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014] To, The
Members/Resolution Professional, WINSOME YARNS LTD, (Under CIRP) Chandigarh I have conducted
the secretarial audit of the compliance of applicable statutory provisions and the adherence to good
corporate practices by WINSOME YARNS LIMITED (under Corporate Insolvency Resolution Process)
(herein after called the “Company”) having CIN : L17115CH1990PLC010566 and its registered office
at Basement, SCO 13-14-15, Sector 34-A, Chandigarh, 160022, while taking review after completion
of financial year. Secretarial Audit was conducted in a manner that provided me a reasonable basis
for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.
Based on my verification of the Company’s books, papers, minute books, forms and returns filed and
other records maintained by the Company and also the information provided by the Company, its
officers, agents and authorized representatives during the conduct of secretarial audit, I hereby
report that in my opinion, the company has, during the audit period covering the financial year
ended on 31st March, 2024, complied with the statutory provisions listed hereunder and also that
the Company has proper Board-processes and compliance-mechanism in place to the extent, in the
manner and subject to the reporting made hereinafter: I have examined the books, papers, minute
books, forms and returns filed and other records maintained by the Company for the financial year
ended on 31st March, 2024 according to the provisions of: i. The Companies Act, 2013 (the Act) and
the rules made there under; ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules
made there under; iii. The Depositories Act, 1996 and the Regulations and Bye-laws framed there
under; iv. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder
to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial
Borrowings. The Regulations and Guidelines prescribed under the Securities and Exchange Board of
India Act, 1992 (‘SEBI Act’) viz.: - a) The Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011: No such transaction took place during the
Financial Year 2023-24. b) The Securities and Exchange Board of India (Prohibition of Insider Trading)
Regulations,1992; The trading of equity shares of the Company were suspended on 02.01.2020 by

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