12. A public corporation shall cause proper accounts of the income and expenditure, assets and liabilities and of all other transactions of the corporation to be kept. A public corporation shall prepare an annual statement of accounts and statistics relating to the activities of the corporation in such form and containing such particulars as,-
(a) in any case where the appropriate Minister is the Minister of Finance, the appropriate Minister may from time to time specify; or |
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(b) in any case where the appropriate Minister is not the Minister of Finance, the appropriate Minister may from time to time specify with the concurrence of the Minister of Finance. |
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