Sri Lanka Consolidated Acts

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Ceylon Petroleum Corporation Act (No. 28 of 1961) - Sect 42

Auditor's report and transmission of report and balance sheet, &c., to the Minister

32.
(1) The auditor appointed under section 31 shall examine the accounts of the Corporation and ascertain the correctness of the balance sheet and furnish a report stating-
(a) whether he has or has not obtained all the information and explanations required by him, and
(b) whether the balance sheet and accounts referred to in the report are properly drawn up so as to exhibit a true and fair view of the Corporation's affairs.
(2) The report of the auditor shall be transmitted to the Auditor-General and to the Corporation.
(3) The Corporation shall, on receipt of the auditor's report and the Auditor-General's comments, if any, thereon in each year, transmit such report together with the profit and loss account and the balance sheet to which the report relates, and a statement by the Corporation of its activities during the financial year to which such report relates, and of the activities (if any) which are likely to be undertaken by the Corporation in the next financial year, to the Minister who shall before the thirtieth day of September of the same year cause copies thereof to be laid before the Senate and the House of Representatives for approval.


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