395. Annual reports where one or more State Governments 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.