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of <h1>Board Required to Submit Annual Report to Government Under Section 229 of Insolvency and Bankruptcy Code, 2016</h1> Section 229 of the Insolvency and Bankruptcy Code, 2016 mandates that the Board must prepare an annual report each financial year in a prescribed form and timeline, detailing its activities from the previous year. This report must be submitted to the Central Government. Subsequently, the received report is to be presented before each House of Parliament at the earliest opportunity. This provision came into force on May 1, 2018.
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