| Annual Reports Where One or More State Governments are Members of Companies |
Notified Date of Section: 01/04/2014 |
| 395. (1) Where the Central Government is not a member of a Government company, every State Government which is a member of that company, or where only one State Government is a member of the company, that State Government shall cause an annual report on the working and affairs of the company to be— (a) prepared within the time specified in sub-section (1) of section 394; and (b) as soon as may be after such preparation, laid before the House or both Houses of the State Legislature together with a copy of the audit report and comments upon or supplement to the audit report referred to in sub-section (1) of that section. (2) The provisions of this section and section 394 shall, so far as may be, apply to a Government company in liquidation as they apply to any other Government company. |
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Section-395: Annual Reports Where One or More State Governments are Members of Companies
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