alleryStart learning →At what minimum government shareholding does the CAG conduct supplementary audit of a government company?
A26 percent
B51 percent
C75 percent
D33 percent
Answer & Solution
Correct answer: B. 51 percent
A government company is one where government holds at least 51 percent of equity, and the CAG supplements the statutory auditor's work there.
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Related questions
Section 23 empowers the CAG to make regulations onRules under Section 22 are laid before Parliament for a total period ofSection 20 entrusts an audit to the CAG only where it is expedient inUnder Section 20(1), the CAG audits a body not entrusted to him by law if requested byUnder Section 19A, the Centre lays CAG company reports beforeBefore a Section 19(3) request is made, the corporation must be given a chance toUnder Section 19(3), who may request the CAG to audit a corporation created by State law?Under Section 19(2), a statutory corporation of Parliament is audited by the CAG per its