17. Annual report of a public corporation or company

Every public corporation or company in which the

Government or a public corporation or a local authority holds fifty per centum or more of the shares of that company, shall include in its annual report—

the report presented by the Auditor-General under section 12 to the Chairman of the governing body of such entity;

the performance report for the relevant year;

annual audited financial statements of the entity for the relevant year; and

a future projection report, based on sustainable development, which may include details of activities to safeguard the environment and mitigate any negative impact on the environment and where necessary include environment and disaster impact assessment analysis.