Section 395 — Annual reports where one or more State Gove rnments 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.