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Compliance Financial Performance
Assam

Report of 2009 - Report of C&AG of India (Commercial) for the year ended 31 March 2009 Government of Assam

Date on which Report Tabled:
Date of sending the report to Government
Government Type
State
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Sector Finance,Transport & Infrastructure,Power & Energy,Industry and Commerce,Social Welfare

Overview

Audit of Government companies is governed by Section 619 of the Companies Act, 1956. The accounts of Government companies are audited by Statutory Auditors appointed by CAG. These accounts are also subject to supplementary audit conducted by CAG. Audit of Statutory corporations is governed by their respective legislations.

As on 31 March 2009, the State of Assam had 41 working PSUs (37 companies and 4 Statutory corporations), and 10 non-working PSUs (all companies), which employed 41,920 employees. The working PSUs registered a turnover of Rs.2,766.90 crore for 2008-09 as per their latest finalised accounts. This turnover was equal to 3.57 per cent of State GDP indicating an important role played by State PSUs in the economy. However, the PSUs incurred a loss of Rs.180.02 crore for 2008-09 and had accumulated losses of Rs.1,102.85 crore.

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