State Commercial Wing Introduction

Introduction

Pursuant to Headquarters (SMU) Notification No. 221/42-SMU/2025 dated 13th June 2025 regarding restructuring and clustering of State Public Sector Enterprises under designated Audit Management Groups, the Commercial Wing functions under Audit Management Group–III (AMG-III) headed by Ms. Rajwant Kaur, IA&AS (Batch 2021) in the Office of the Principal Accountant General (Audit), Himachal Pradesh.

The Commercial Wing is entrusted with conducting Compliance Audit, Performance Audit, Subject-Specific Compliance Audit (SSCA) and Financial Audit of State Public Sector Enterprises (SPSEs), Statutory Corporations and Autonomous Bodies in the Power and Non-Power sectors falling within its audit jurisdiction. The accounts of Government Companies are audited by the Comptroller and Auditor General of India under section 19 of the CAG's (Duties, Powers and Conditions of Service) Act, 1971, read with section 619 of the Companies Act, 1956, and Sections 139 and 143 of the Companies Act, 2013. The audit of the statutory corporations is conducted under their respective legislations. As on 31 March 2026, there are 32 State Government PSUs (27 working, three non-working and two Statutory Corporations).

Reports in relation to the accounts of Government companies or corporations are submitted to the Government by CAG for laying before the State Legislature of Himachal Pradesh under section 19-A of the CAG (DPC) Act, 1971.  In respect of Himachal Road Transport Corporation which is a statutory corporation, the CAG is the sole Auditor.  In respect of Himachal Pradesh Financial Corporation, the CAG has the right to conduct the audit of accounts in addition to the audit conducted by chartered accountant appointed by the corporation.  The Separate Audit Reports on the Annual Accounts of these corporations are forwarded separately to the State Government.

The Audit has been conducted in conformity with the Auditing Standards issued by the CAG.