Compliance Financial Performance

Report No. 4 - Report of the Comptroller and Auditor General of India (Commercial) for the year ended 31 March 2011, Government of Bihar

Date on which Report Tabled:
Mon 06 Aug, 2012
Date of sending the report to Government:
Government Type:
Sector Finance,Transport & Infrastructure,Power & Energy,Information and Communication,Social Welfare


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 of India. These Accounts are also subject to supplementary audit conducted by CAG of India. Audit of Statutory corporations is governed by their respective legislations. As on 31 March 2011, the State of Bihar had 25 working PSUs( 21 Companies and four Statutory corporations) and 40 non working PSUs (all companies), which employed 0.19 lakh employees.

The State working PSUs had registered a Turnover of Rs.4031.46 crore for 2010-11 as per their latest finalised Accounts. This Turnover was equal to 1.89 per cent of State GDP. The PSUs had Accumulated Losses of Rs. 7212.86 crore as per their latest finalised Accounts as of 30 September 2011.

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