Annual reporting obligation for government companies requires preparation and laying of reports with audit and CAG comments.

The Central Government, as member of a Government company, must cause the annual report on the company's working to be prepared within three months of its annual general meeting before which the Comptroller and Auditor General's comments and the audit report are placed, and must lay that report before both Houses of Parliament together with the audit report and the CAG's comments or supplement; where a State Government is also a member, the State must cause a copy to be laid before its Legislature with the audit report and CAG commentary.

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