Sri Lanka Consolidated Acts

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Finance Act (No. 38 of 1971) - Sect 14

Accounts and reports to be laid before the House of Representatives

14.
(1) A public corporation shall, immediately after the end of each financial year of the corporation, prepare a draft annual report on the exercise, discharge and performance by the corporation of its powers, functions and duties during that year and of its policy and programme. Such report shall set out any directions given by the appropriate Minister to the corporation during the year. Copies of such report shall, within four months after the end of that year, be submitted to the appropriate Minister and to the Minister of Finance (if he is not the appropriate Minister), the Minister of Planning and the Auditor-General.
(2) A public corporation shall, on receipt of the audited accounts in respect of any year, cause a copy of each of the following documents relating to that year to be transmitted to the appropriate Minister:-
(a) the audited balance sheet;
(b) the audited operating and profit and loss accounts;
(c) any comments or observations made by the Auditor-General which the Auditor-General considers should be published with the annual report of the corporation;
(d) the statement of accounts and statistics prepared under section 12; and
(e) the annual report of the corporation referred to in sub-section (1) in its final form.
(3) The appropriate Minister shall lay copies of the documents transmitted to him under sub-section (2) before the House of Representatives before the end of ten months following the year to which such report and accounts relate.
(4) A public corporation shall cause copies of the documents referred to in sub-section (2) to be printed at the expense of the corporation and to be made available for purchase by the public at such price as shall be determined by the corporation.


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