Compliance Performance

Report No. 1 of the Year 2013 – Report of the Comptroller and Auditor General of India on Public Sector Undertakings for the year ended 31 March 2012, Government of Bihar

Date on which Report Tabled:
Thu 01 Aug, 2013
Date of sending the report to Government:
Government Type:
Sector Finance,Transport & Infrastructure,Power & Energy,Industry and Commerce,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 2012, the State of Bihar had 26 working PSUs (22 Companies and four Statutory corporations) and 40 nonworking PSUs (all companies), which employed 0.18 lakh employees.

The State working PSUs had registered a Turnover of Rs. 7,811.28 crore for 2011-12 as per their latest finalised Accounts. This Turnover was equal to 2.98 per cent of State GDP. The PSUs had aggregate losses of Rs. 2,619.35 crore as per their latest finalised Accounts as of 30 September 2012.

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