I, Mr. Sanjay Singh, Chairman, certify to the Board that:
a) We have reviewed financial statements and the cash flow statement for the year endedon 31st March, 2011 and that to the best of their knowledge and belief:
These statement do not contain any materially untrue statement or omit any materialfactor contain statements that might be misleading; These statements together present atrue and fair view of the company's affairs and comply with existing accounting standards,applicable laws and regulations.
b) There are, to the best of our knowledge and belief, no transactions entered into bythe company during the year that are fraudulent, illegal or violative of the company'scode of -contact
c) We accept responsibility for establishing and maintaining internal controls and thatwe have evaluated the effectiveness of the internal control systems of the company and wehave disclosed to the auditors and the Audit Committee, deficiencies in the designor-operation of internal controls, if any, of which we are aware and the steps they havetaken or propose to take to rectify these deficiencies.
d) We have indicated to the auditors and the Audit Committee
i. Significant changes in internal control during the year;
ii. Significant changes in accounting policies (luring the year and that the same havebeen disclosed in the notes to the financial statements and
iii. instances of significant fraud of which they have become aware and the involvementtherein, if any, of the management or an employee having a significant role in thecompany's internal control system.
For TSL INDUSTRIES LIMITED