ANNUAL REPORT OF INFOSYS 2007-08 PDF

Infosys investors can now download the company’s financial filings from till present. Access PDFs of annual reports, quarterly reports and Form Fs. , First Quarter Report · Second Quarter Report · Third Quarter Report. Awards for Excellence Annexure to the directors’ report Auditors’ report Consolidated financial statement Corporate governance report. Annual Report – New Game. New Rules. “One cannot manage change. One can only be ahead of it.” – Peter Drucker. In the cacophony of our.

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Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected.

Ben g aluru partner. The Company is not a nidhi company and hence, reporting under Clause 3 xii of the Order is not applicable to the Company. According to the information and explanations given to us, the Company has granted unsecured loans to three bodies corporate, covered in the register maintained under Section of the Companies Act,in respect of which: Accordingly, reporting under Clause 3 ii of the Order is not applicable to the Company iii.

Opinion In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31,based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit, total comprehensive income, the changes in equity and its cash flows for the year ended on that date.

The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements. Dion Global Solutions Limited. According to the information and explanations given to us, no material discrepancies were noticed on such verification. Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit.

To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company or no material fraud on the Company by its officers or employees has been noticed or reported during the year. The Company has not accepted deposits during the year and does not have any unclaimed deposits as at March 31, and therefore, the provisions of the clause 3 v of the Order are not applicable to the Company.

The Company has not raised moneys by way of initial public offer or further public offer including debt instruments or term loans and hence reporting under Clause 3 ix of the Order is not applicable to the Company x. Auditors” Responsibility Our responsibility is to express an opinion on these standalone infpsys statements based on our audit.

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According to the information and explanations given to us, in respect of statutory dues:. We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing specified under Section 10 of the Act.

The Company has a program of verification to cover all the items of fixed assets in a phased manner which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets.

Ramesh Ben g aluru partner April 13, Membership number: The Company is in the business of providing software services and does not have any physical inventories.

Y to F. Accordingly, reporting under Clause 3 ii of the Order is not applicable to the Company. There is no overdue amount remaining outstanding as at the year-end. During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures and hence, reporting under Clause 3 xiv of the Order is not applicable to the Company.

The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts. Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our responsibility is to express an opinion on these standalone financial statements based on our audit. In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31,based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Quarterly & Annual Reports

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company 2. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31,and its profit, total comprehensive income, the changes in equity and its cash flows for the year ended on that date.

Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol. In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence provisions of Section of reeport Companies Act, are not applicable to the Company.

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Track Infosys on the go with the money control app. In our opinion and according to the information and explanations given to us, during the year the Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence provisions of Section of the Companies Act, are not applicable to the Company xvi. There has been infosyx delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

The Company is not a nidhi company and hence, reporting under Clause 3 xii of the Order is not applicable to the Company xiii. In conducting our audit, we have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required 2007-008 be included in the audit report under the provisions of the Act and the Rules made there under and the Order issued under Section 11 of the Act.

Auditor”s Responsibility Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the standalone financial statements.

The Company has not taken any loans or borrowings from financial institutions, banks and government or has not issued any debentures. Those Annuak require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the standalone financial statements are free from material misstatement.

Infosys – Annual Report – Think Flat

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.

In our opinion and according to the information and explanations given to us, the Company is in compliance with Section and of the Companies Act, where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.

The maintenance of cost records has not been specified by the Anual Government under Section 1 of the Companies Act, for 2007–08 business activities carried out by the Company.

During the year, the Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures and hence, reporting under Clause rreport xiv of the Order is not applicable to the Company xv. April 13, Membership number: Those Standards and the Guidance Note require that znnual comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all anual respects.

Management”s Responsibility for Internal Financial Controls The Board of Directors of the Company is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.