Common use of INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY Clause in Contracts

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY. The Board of Directors of the Company has laid down adequate internal financial controls which are operating effectively. The policies and procedures adopted by the Company ensures orderly and efficient conduct of its business, including adherence to the Company’s policies, safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records and the timely preparations of reliable financial information.