section 58
Annual financial statement
The Jammu and Kashmir Electricity (Supply) Act, 1971Infrastructure197192 sections
Statutory text
Annual financial statement.—(1) In February of each year the Board shall submit to the Government a statement in the prescribed form of the estimated capital and revenue receipts and expenditure for the ensuing year.
- (2) The said statement shall include a statement of the salaries of members, officers and servants of the Board and of such other particulars as may be prescribed.
- (3) The Government shall, as soon as may be after the receipt of the said statement, cause it to be laid on the table of both the Houses of the Legislature ; and the said statement shall be open to discussion therein, but shall not be subject to vote.
- (4) The Board shall take into consideration any comments made on the said statement in the Legislature.
- (5) The Board may, at any time during the year in respect of which a statement under sub-section (1) has been submitted, submit to the Government a supplementary statement, and all the provisions of this section shall apply to such statement as they apply to the statement under the said sub-section.
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