This report deals with results of audit of Government Companies and Statutory
Corporations for the year ended March 2014.
In respect of West Bengal Industrial Infrastructure Development Corporation,West Bengal Scheduled Castes and Scheduled Tribes Development and Finance
Corporation, West Bengal Minorities Development and Finance Corporation,West Bengal Backward Classes Development and Finance Corporation and
Calcutta, North and South Bengal State Transport Corporations, which are Statutory Corporations, the CAG is sole auditor. The CAG also audits accounts
of West Bengal Electricity Regulatory Commission, as sole auditor. As per the State Financial Corporations (Amendment) Act 2000, the CAG has the right to
conduct audit of accounts of West Bengal Financial Corporation (WBFC) in addition to audit conducted by Chartered Accountants appointed by WBFC out
of a panel of auditors approved by the Reserve Bank of India. In respect of West Bengal State Warehousing Corporation, the CAG has the right to conduct audit
of their accounts in addition to audit conducted by the Chartered Accountants appointed by State Government in consultation with the CAG. Audit Reports
on annual accounts of all these corporations/ Commission are forwarded separately to State Government.
The instances mentioned in this Report are those, which came to notice in course of test audit for the period 2013-2014 as well as those which came to notice in
earlier years, but could not be reported in previous reports; matters relating to the period subsequent to 2013-2014 have also been included, wherever necessary