Annual Report

(1) The Board of Management shall prepare the Annual Report containing such particulars as the Board of Governors may specify, covering each financial year and submit it to the Board of Governors on or before such date as may prescribed by the regulations. (2) The Board of Governors may pass resolutions thereon and the Board of Management shall take action in accordance therewith. The action taken shall be intimated to the Board of Governors. (3) Copies of the annual report along with the resolution of the Board of Governors thereon shall be submitted to the State Government. (4) The State Government shall, as soon as may be, cause a copy of such annual report to be laid before the Sikkim Legislative Assembly.