CAG to audit accounts of private telcos

New Delhi, Jan 6 : The Delhi High Court on Monday ruled the Comptroller and Auditor General (CAG) can audit accounts of private telecom companies.

The high court rejected the petitions filed by Association of Unified Telecom Service Providers (AUSPI) and Cellular Operators Association of India (COAI) in this regard.

"Telecom companies said CAG cannot audit them as they are private ones. The Delhi High Court today disagreed and said it is under the jurisdiction of the CAG," said CAG lawyer Aman Lekhi.

This came after Delhi Chief Minister Arvind Kejriwal on Dec 31 met CAG Shashi Kant Sharma and discussed the issue of conducting the audit of three private power distribution companies, reports said.

The companies supply power in the national capital.

--IBNS (Posted on 06-01-2014)

business-india-news headlines

Pay outstanding salaries to pilots: High Court to Kingfisher

India's forex reserves rise to $309.44 bn

Reliance Industries sees net profit of Rs.21,984 crore in 2013-14

Wipro Q4 profit rises by 29 percent, beats analyst estimates

Trade, commerce to drive India-US ties: Narendra Modi

PepsiCo launches free talk time offer

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top