Companies Act, 2013
395.
Annual
reports where one or more State Governments are members of companies.
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.