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<h1>Rule 3 of 2018 Rules mandates Insolvency Board to prepare an annual report detailing activities, policies, and programs.</h1> The Insolvency and Bankruptcy Board of India (Annual Report) Rules, 2018, under Rule 3, mandates that the Board must prepare an annual report detailing a comprehensive and accurate account of its activities, policies, and programs from the previous financial year. This report must follow the specific format annexed to these rules.