PSUs asked to clear backlog of audits by December end
Review meeting held
GK NEWS NETWORK
Jammu, Apr 25: A statutory audit meeting reviewed the status of audit of State Public Sector Undertakings, here today.
Principal Secretary, Finance, Iqbal Khanday chaired the annual review meet.
Addressing the meeting, the Principal Secretary directed the concerned for clearing the backlog of audits by end of December, 2012, adding that no extension would be granted in any case.
He asked to take up the current audit of 2010-11 in hand and complete it at the earliest so that further time do not lost in compilation at the time of audition of accounts of previous year.
He said the said policy would be followed for the financial years for which the audit process has not been taken up so far.
He said the meetings of the Board of Directors of the Corporations should be held at least quarterly. “The annual return for the financial year for which the audit accounts have been adopted at the AGM should be filed with the Registrar of Companies within prescribed time period of two months,” he said.
“The audited and adopted annual reports should also be forwarded to the concerned Administrative Departments for being placed before the State Legislature,” he said.
Among others, Directors, Managing Directors, auditors and representatives from J&K Power Development Corporation, J&K Tourism Development Corporation, J&K Project Development Corporation, J&K Industries Limited, J&K Horticulture Produce & Development Corporation, J&K SC,ST & OBC Development Corporation, J&K Cements Limited, J&K Handicraft (S&E) Corporation Limited, J&K SIDCO, J&K Handloom Development Corporation, J&K SICOP and J&K Women Development Corporation attended the meeting.
Lastupdate on : Wed, 25 Apr 2012 21:30:00 Makkah time
Lastupdate on : Wed, 25 Apr 2012 18:30:00 GMT
Lastupdate on : Thu, 26 Apr 2012 00:00:00 IST
- MORE FROM BUSINESS
- S&P paints gloomy outlook for India
- PSUs asked to clear backlog of audits by December end
- Treasury officers to exempt pensioners unable to attend treasuries: Govt
- Bandipora produces 98,000 ton milk
- Govt to enhance wages under NREGA
- Regal Chowk traders elect new body
- Hoteliers’ Club raises city issues
- Gulzar College bags Educational Excellence Award 2012
- Security guards at mobile phone towers strike work
D A RASHID
Srinagar, Apr 25: A local Court on Tuesday awarded rigorous imprisonment of ten years and imposed fine of rupees one lakh to an accused convicted for selling Charas. The principal Sessions Judge Srinagar More
- Srinagar City
DOG ATTACKS CONTINUE FROM NORTH TO SOUTH
Srinagar, Apr 25: With no let up in dog attacks in this summer capital, around a dozen odd people including a three-year-old boy and his mother were mauled Wednesday while the government continued to keep More
Jammu, Apr 25: Minister for PHE, Irrigation and Flood Control, Taj Mohiuddin, on Wednesday said the Government is enacting a law to protect Hindu shrines and temples in Kashmir from being misused by some More
- South Asia
Lahore, Apr 25: Pakistan today said it was not bound to act on the bounties offered by the US for Lashkar-e-Toiba founder Hafiz Mohammad Saeed and his brother-in-law Abdul Rahman Makkias as the American More
Washington, Apr 25: Emotional upheaval is more likely to impose a heavier burden on women's hearts than men's, says a study. These findings show that coronary (heart related) blood flow actually increases More