Section 20
Annual Financial Statement of the Corporation.
The Prasar Bharati (Broadcasting Corporation of India) Act, 1990
About this Act
An Act to provide for the establishment of a Broadcasting Corporation for India, to be known as Prasar Bharati, to define its composition, functions and powers and to provide for matters connected therewith or incidental thereto.
(1) The Corporation shall prepare, in each
financial year, an Annual Financial Statement for the next financial year showing separately--
(a) the expenditure which is proposed to be met from the internal resources of the Corporation; and
(b) the sums required from the Central Government to meet other expenses, and distinguishing--
(i) revenue expenditure from other expenditure; and
(ii) non-plan expenditure from plan expenditure.
(2) The Annual Financial Statement shall be prepared in such form and forwarded at such time to the Central Government for its approval as may be agreed to by that Government and the Corporation.
(a) the expenditure which is proposed to be met from the internal resources of the Corporation; and
(b) the sums required from the Central Government to meet other expenses, and distinguishing--
(i) revenue expenditure from other expenditure; and
(ii) non-plan expenditure from plan expenditure.
(2) The Annual Financial Statement shall be prepared in such form and forwarded at such time to the Central Government for its approval as may be agreed to by that Government and the Corporation.