Section 23Section 23

s. 23

23 (1) The controlling Corporation shall, by such date in each year as may be prescribed, submit to the Government for approval a statement, to be called the annual budget statement, in the prescribed form for every financial year showing the estimated receipts and expenditure during that financial year. (2) Every subsidiary Corporation shall, by such date in each year as may be prescribed, submit to the controlling Corporation for approval a statement, to be called the annual budget statement, in the prescribed form for every financial year showing the estimated receipts and expenditure during that financial year.