Transport Act, 1944

Accounts, statistics and returns.

26.—(1) The accounts with respect to its railway undertaking to be rendered by the Company under the Railway Companies (Accounts and Returns) Act, 1911 , shall be compiled in such manner as may be prescribed by the Minister after consultation with the Company.

(2) It shall be the duty of the Company to compile and render to the Minister in such manner and form as he may direct such accounts, statistics and returns as he may require.

(3) For the purpose of this Act the Minister or any officer duly authorised by him shall have power to make such investigations into the affairs of the Company as he may deem necessary, and shall have access to the books, accounts and returns of the Company, and the officers and servants of the Company shall afford to the Minister or any such duly authorised officer such facilities as he may require.

(4) The powers of the Minister under this section shall be in addition to and not in derogation of any powers of holding enquiries conferred on him under this or any other Act.

(5) In· the event of non-compliance on the part of the Company with any requirement of this section, the requirement shall be enforceable by order of the High Court on the application of the Minister.

(6) Nothing in this section shall be interpreted as authorising any limitation of or interference with the control of the Company over the purposes to which its expenditure is to be applied.

(7) Regulations made by the Minister for the purposes of Section 69 of the Railways Act, 1924 (No. 29 of 1924), and in force immediately before the establishment date shall continue in force and shall have effect as if made under this section.