Arohan Financial Services Limited | Annual Report 2021-22

106 | Annual Report | 2021-2022 India (Prohibition of Insider Trading) Regulations, 2015 to the extent applicable to the Company during the period under review; Not Applicable during the Audit period; (c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018; (d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 to the extent applicable; (e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008; (f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client; Not Applicable during the Audit period; (g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021; Not Applicable during the Audit period; (h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; Not Applicable during the Audit period; 6. We further report that, having regard to the compliance system prevailing in the Company and on examination of the relevant documents and records in pursuance thereof maintained by the Company and as confirmed by the management vide its management representation letter, it has complied with following laws that are applicable specifically to the Company: The Company has complied with the following laws applicable specifically to the Company  The Reserve Bank of India Act, 1934.  Master Direction - Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 We have also examined compliance with the applicable clauses of the following: (i) Secretarial Standards with regards to Meeting of Board of Directors (SS-1) and General Meeting (SS-2) issued by The Institute of Company Secretaries of India (ICSI). During the period under review the Company has complied with the provisions of theAct, Rules, Regulations, Guidelines, Standards, etc. mentioned above. We further report that: a) The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act. b) Adequate notice is given to all Directors to schedule the Board Meetings, Agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. c) Majority decision of the Board and Committee Meetings are carried through, while the dissenting members’ views, if any are captured and recorded as part of the minutes. On the basis of information provided to us, we further report that there are adequate systems and processes in the Company commensurate