ANNUAL REPORTS AND ACCOUNTS OF GENERATING COMPANY

(1) [Omitted] (2) A Generating company shall, as soon as may be after the end of each year, prepare a report giving an account of its activities during the previous year and shall, within six months from the date of closure of the year, forward to the competent Government, or where there are more than one competent Government, to all such competent Governments, the report together with a statement of accounts, in such form and containing such particulars as may be specified by the competent Government or the competent Governments, as the case may be, a copy of the balancesheet and profit and loss account and the auditor's report, in relation to the accounts of the year aforesaid. (3) For the purpose of preparing the statement of accounts referred to in sub-section (2), the depreciation to be provided every year shall be calculated at such rate as may be specified by the Central Government, by notification in the Official Gazette, in accordance with the provisions of Sec. 43-A. (3-A) [Omitted] (4) The provisions of sub-section (2) shall be in addition to and not in derogation of the provisions contained in the Companies Act, 1956 (1 of 1956), in relation to reports, statement of accounts and other documents required to be prepared or kept or submitted by a company within the meaning of Sec. 3 of that Act.