Annual reports for government companies must be prepared within three months of the AGM and laid before legislatures. Section 394 requires Government companies with Central Government membership to prepare the annual report within three months of the AGM at which the Comptroller and Auditor General's comments and the audit report are placed under the proviso to section 143(6), and to lay the report, audit report and CAG comments or supplement before both Houses of Parliament; where a State Government is also a member, that State Government must lay a copy of the same materials before the State Legislature.
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Provisions expressly mentioned in the judgment/order text.
Annual reports for government companies must be prepared within three months of the AGM and laid before legislatures.
Section 394 requires Government companies with Central Government membership to prepare the annual report within three months of the AGM at which the Comptroller and Auditor General's comments and the audit report are placed under the proviso to section 143(6), and to lay the report, audit report and CAG comments or supplement before both Houses of Parliament; where a State Government is also a member, that State Government must lay a copy of the same materials before the State Legislature.
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