TPDDL ready for audit if queries are answered
22 Jan 2014 5:46 AM IST
TATA Power Delhi Distribution Limited (TPDDL) on Tuesday said that since the discom is not a government-owned company under Section 617 of the Companies Act, 1956, the Comptroller and Auditor General of India cannot appoint a statuary auditor for the audit. However, the company has said that if it is provided with the information sought for it can consider to get the audit done.
TPDDL in a statement said, ‘We on several occasions (1,10, and 14 January, 2014) had written to the power department of the Delhi government asking for details of the terms and conditions and scope on which the proposed audit is to be conducted. But till date we have not received any response.’
Three teams of auditors from the office of CAG on Monday made a preliminary visit to the offices of Delhi’s three private power distribution companies (BSES Rajdhani and Yamuna) and TPDDL to kick-start a scrutiny of their financial accounts. The government will now have to secure an order from the court allowing the process to begin. The issue of CAG audit is currently pending in the Delhi High Court.
TPDDL in a statement said, ‘We on several occasions (1,10, and 14 January, 2014) had written to the power department of the Delhi government asking for details of the terms and conditions and scope on which the proposed audit is to be conducted. But till date we have not received any response.’
Three teams of auditors from the office of CAG on Monday made a preliminary visit to the offices of Delhi’s three private power distribution companies (BSES Rajdhani and Yamuna) and TPDDL to kick-start a scrutiny of their financial accounts. The government will now have to secure an order from the court allowing the process to begin. The issue of CAG audit is currently pending in the Delhi High Court.
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