Section 12
Accounts and audit.
The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Andhra Scientific Company Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continuity of production of scientific instruments which are vital to the needs of the country and for matters connected therewith or incidental thereto.
The Custodian or Custodians of the undertakings of the Company shall
maintain an account of the undertakings of the Company in such form and manner and under such
conditions as may be prescribed and the provisions of the Companies Act, 1956 (1 of 1956), shall apply
to the audit of the accounts so maintained as they apply to the audit of the accounts of a company.