Regulation 95 — Audit Regulations 2020
Original Rule Text
95. Audit of corporations under Section 19(2) of the Act
As per Section 19(2) of the Act, the duties and powers of the Comptroller and Auditor General in relation to audit of accounts of corporations established by or under law made by Parliament are performed and exercised in accordance with the provisions of the respective legislations.
What This Means
When Parliament creates a corporation through legislation (like ONGC, SAIL, etc.), the CAG's audit duties and powers for that corporation are governed by the provisions of that specific legislation — not by any general rule. Each corporation's parent Act defines how the CAG will audit it, what access rights exist, and what the reporting requirements are.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1CAG's audit role in Parliamentary corporations is defined by each corporation's own Act
- 2The specific legislation takes precedence over general audit regulations
- 3This covers corporations established 'by or under' law made by Parliament
- 4Each Act may define different audit arrangements — sole audit, supplementary audit, or no CAG audit
- 5Section 19(2) of the DPC Act is the enabling provision for this
Practical Example
Air India is incorporated under the Companies Act (a law made by Parliament). The CAG's audit role for Air India is determined by the Companies Act, 2013 provisions — specifically Section 143(6) which provides for supplementary audit by the CAG. The CAG cannot unilaterally expand its audit scope beyond what the Companies Act permits for such companies.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Does this mean different government corporations may have different levels of CAG audit?▼
What if the corporation's Act is silent on CAG audit?▼
Can Parliament change the CAG's audit role for a corporation?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.