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CS Executive · Company Law and Practice · Annual Report - Concepts

Under Section 395, a State Government that must cause an annual report on a Government company to be prepared is required, as soon as may be after preparation, to lay it before which body, together with the audit report and comments upon or supplement to it?

The report must be laid before the House or both Houses of the State Legislature, with a copy of the audit report and the comments upon or supplement to it. Parliament is relevant only for Central Government reports under Section 394.

  1. ABoth Houses of Parliament
  2. BThe House or both Houses of the State LegislatureCorrect
  3. CThe Board of Directors of the company
  4. DThe general meeting of the company

Explanation

Section 395(1)(b) requires the report to be laid before the House or both Houses of the State Legislature, along with a copy of the audit report and comments upon or supplement to it. Laying before Parliament is the Section 394 requirement for the Central Government.

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