(1) The Chairperson or such employee of the Authority as may be authorized in this behalf, shall prepare, as soon as may be after the commencement of the each financial year the annual report which shall include an account of the activities of the Authority during the previous financial year which shall contain the following information –
(a) a statement of corporate and operational goals and objectives of the Authority;
(b) annual targets and physical and financial terms set for various activities in the background of sub-rule (1) together with a brief review of the actual performance with reference to those targets;
(c) an administrative report on the activities of Authority during the previous financial year and an account of the activities which are likely to be taken up during the next financial year;
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(d) a summary of the actual financial results during the previous financial year and year of report;
(e) important changes in policy and specific measures either taken or proposed to be taken, which have influenced or are likely to influence the profitability or functioning of the Authority;
(f) new projects or expansion schemes contemplated together with their advantages, financial implications and programme for execution;
(g) important changes in the organisational set up of the Authority;
(h) report on employer-employee relations and welfare activities of the Authority; and
(i) report on such other miscellaneous subjects as deemed fit by the Authority or the Central Government for reporting to the latter.
(2) The annual report shall be placed for adoption in the meeting of the Authority and shall be signed by the Chairman or in his absence by two members authorized for the purpose by the Chairman and authenticated by fixing the common seal of the Authority and required copies thereof shall be submitted to the Central Government by the thirty-first day of December of the following year.