Petroleum Ministry: ‘CAG has the right to undertake audit KG-D6’
The Petroleum Ministry has stated that the Comptroller and Auditor General (CAG) has the right to undertake the audit of Reliance Industries Ltd (RIL)’s KG D6 block on behalf of the government.
As per the Ministry, CAG can undertake the audit of block KG-DWN-98/3 of RIL under Section 20 of the CAG’s Duties, Powers and Conditions of Service (DPC) Act, 1971. It also stated that the right of the government to audit the records of the contractor derived from the provisions under Article 25.5 of the Production Sharing Contract (PSC), signed between the government and the contractor.
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Month: Current Affairs - March, 2013
Category: Legal & Constitution Current Affairs