While auditing the financial statements of Moon Ltd. for the year ended 31 March 2026, the auditor was verifying the disclosures relating to trade…

The auditor should ensure whether the following disclosures as required under Schedule III (Part I) to Companies Act, 2013 have been made: Whether the Company has disclosed the following details relating to micro and small enterprises in the notes to accounts: (i) the principal amount and the interest due thereon (to be shown separately) remaining unpaid to any supplier at the end of each accounting year. (ii) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year. (iii) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act, 2006. (iv) the amount of interest accrued and remaining unpaid at the end of each accounting year. (v) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. (vi) The following ageing schedule shall be given for Trade payables due for payment: Trade Payables ageing schedule Particulars Outstanding for following periods from due date of payment# Less than 1 year 1-2 years 2-3 years More than 3 years Total (i) MSME (ii) Others (iii) Disputed Dues-MSME (iv) Disputed Dues Others # Similar information shall be given where no due date of payment is specified in that case disclosure shall be from the date of the transaction. Unbilled dues shall be disclosed separately.