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Compliance
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Report No. 2 of 2013 - Compliance Audit on General Purpose Financial Reports of Central Public Sector Enterprises of Union Government, Commercial

Date on which Report Tabled:
Tue 07 May, 2013
Date of sending the report to Government
Government Type
Union
Union Department
Commercial
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Sector Finance

Overview

As on 31 March 2012, there were 481 Central Government Public Sector Enterprises (CPSEs) under the audit jurisdiction of the Comptroller and Auditor General of India. These included 338 government companies, 137 deemed government companies and six statutory corporations. This Report deals with 422 CPSEs comprising 297 government companies, six statutory corporations and 119 deemed government companies. 59 companies are not covered in this report. Out of this, 40 CPSEs were defunct/under liquidation, five CPSEs' accounts were in arrears for three years or more, 10 CPSEs' first accounts were not due and four CPSEs' first accounts were not received.

The accounts of 303 government companies and corporations indicated that the Government of India had invested RS 2,04,417 crore directly in the equity capital of government companies and corporations. Loans amounting to RS 61,410 crore had also been received by the CPSEs directly from the Government of India as on 31 March 2012. Compared to the previous year, investment by the Government of India (GOI) in equity of CPSEs registered a net increase of RS 14,422 crore and loans given to them increased by RS 886 crore. The GOI realised RS 13,894 crores on disinvestment of its shares (face value RS 268 crores) in two CPSEs.

The market value of shares of 40 listed government companies, which were traded as per prices prevailing in stock markets on 31 March 2012 stood at RS 12,40,923 crore. Market value of shares held by the Government of India stood at RS 9,81,956 crore as on 31 March 2012.

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