The Companies Act, 2013
CHAPTER XXIII: GOVERNMENT COMPANIES
Section 394: Annual Reports On Government Companies
Bare Act
(1) Where the Central Government is a member of a Government company, the Central Government shall cause an annual report on the working and affairs of… Read the complete text with KanoonGPT Pro.
Simplified Act
(1) If the Indian Central Government owns a part of a government-owned company, it must make sure to create a yearly report about how the company is doi… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine a government-owned company, 'National Renewable Energy Ltd.', where the Central Government holds a significant stake. Following the end of the finan… Read the complete text with KanoonGPT Pro.
