40. Consideration of reports
(1) The annual report on the work and activities of the Corporation (excluding the unaudited accounts for the year incorporated therein) shall be considered by the Standing Committee and shall be placed for adoption at a meeting of the Corporation to be held before the 24[tenth December] following the close of the financial year concerned.
(2) The annual accounts relating to a financial year together with the 22[report of the Comptroller and Auditor General of India] thereon shall be considered by the Standing Committee and shall be placed for adoption at a meeting of the Corporation to be held before the 25[tenth December] following the close of the financial year concerned:
PROVIDED that the 22[report of the Comptroller and Auditor General of India] is received by the 26[twentieth November] following the year to which it pertains].
