• vaibhav005gupta

Annual reports on Government companies

Updated: May 9


(1) Where the Central Government is a member of a Government firm, it should cause an annual report on the business's operations and affairs to be—

  • (a) prepared within three months of its annual general meeting, prior to which the Comptroller and Auditor-General of India's comments and the audit report are put under the proviso to section 143's subsection (6); and

  • (b) presented before both Houses of Parliament as soon as possible after such preparation, together with a copy of the audit report and any comments or supplements to the audit report made by the Comptroller and Auditor-General of India.

(2) Where a State Government is a member of a Government company in addition to the Central Government, that State Government shall cause a copy of the annual report prepared under sub-section (1), as well as a copy of the audit report and the comments on or supplement to the audit report, referred to in sub-section (1), to be laid before the House or both Houses of the State Legislature .


#companiesact2013 #secton394 #AnnualreportsonGovernmentcompanies

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