State Government members of government companies must prepare annual reports and lay them before the State Legislature with audit reports. Where the Central Government is not a member of a Government company, each State Government member must prepare an annual report within the time specified in section 394(1) and, as soon as practicable after preparation, lay it before the State Legislature with a copy of the audit report and any comments or supplement thereto; these obligations, and those of section 394, apply so far as may be to a Government company in liquidation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
State Government members of government companies must prepare annual reports and lay them before the State Legislature with audit reports.
Where the Central Government is not a member of a Government company, each State Government member must prepare an annual report within the time specified in section 394(1) and, as soon as practicable after preparation, lay it before the State Legislature with a copy of the audit report and any comments or supplement thereto; these obligations, and those of section 394, apply so far as may be to a Government company in liquidation.
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