அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
(1)
The relevant Minister shall not submit any proposal for the establishment of a State-Owned Enterprise in accordance with section 56 –
(a)
without having a clear justification of the requirement of such entity;
(b)
which is not under the purview of the portfolio of the Ministry of the relevant Minister;
(c)
if any other State-Owned Enterprise exists with similar functions under the Ministry of the relevant
Minister or any other Ministry; or
(d)
without considering the long term benefits and risks associated with such establishment or incorporation including the costs to the Government.
(2)
The relevant Minister shall ensure that -
(a)
every State-Owned Enterprise under his purview shall provide information required by the Minister of Finance including the submission of documents specified in section 61;
(b)
the annual budget of the State-Owned Enterprises is in line with the fiscal strategy statement; and
(c)
the annual budget of the State-Owned Enterprises reflects the risk factors and the strategies to mitigate those risks.