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of <h1>India's Insolvency Board Must Submit Audited Annual Accounts to Government and Parliament Under 2018 Rules.</h1> The Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018, established by the Central Government under the Insolvency and Bankruptcy Code, 2016, dictate the maintenance and preparation of financial records by the Board. These rules require the Board to maintain accounts in specified forms and submit an annual statement of accounts and balance sheet, authenticated by key officials, to the Comptroller and Auditor General of India for auditing. The audited documents, along with the audit report, must be submitted to the Central Government for presentation in Parliament within three months after the financial year ends.
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