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22/02/2024
Laws of Bangladesh

The Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 27 OF 1972 )

22. (1) A Corporation shall furnish to the Government such returns, reports, and statements as the Government may from time to time require.
 
 
 
 
(2) A Corporation shall, as soon as possible after the end of every financial year, furnish to the Government a statement of accounts audited by the auditors under Article 21 together with an annual report on the conduct of its affairs for that year.
 
 
 
 
(3) The auditors shall in their report upon the annual balance sheet and accounts state whether in their opinion the balance sheet is a full and fair balance-sheet and contains all necessary particulars and is properly drawn up so as to exhibit a true and correct view of the state of affairs of a Corporation, and in case they have called for any explanation or information from the Board, whether it has been given and whether it is satisfactory.
 
 
 
 
(4) The Government may, at any time, issue directions to the auditors requiring them to report to it upon the adequacy of measures taken by a Corporation for protection of the interest of the Government and creditors or upon the sufficiency of their procedure in auditing the affairs of a Corporation and may, at any time, enlarge or extend the scope of the audit or direct that a different procedure in audit be adopted or that any other examination be made by the auditors if in its opinion the interest of the Government so requires.
 
 
 
 
 
 
(5) The copies of the audited accounts and annual report shall be published in the official Gazette and shall be laid before the Legislature.

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