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<h1>Annual statement of services rendered by an insolvency professional entity requires reporting and payment obligations to the Board.</h1> An insolvency professional entity must submit an annual statement of services rendered in two parts: Part A discloses each corporate debtor/guarantor, identification, the capacity in which services were rendered and amounts earned; Part B identifies the debtor/guarantor, the IP who rendered services, a broad description of the service and amounts. The form requires computation of amounts payable to the Board (including interest), particulars of deposit, and an authorised signatory's affirmation of truthfulness, completeness and authority to file on behalf of the entity.
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