Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018

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....' means the Schedule annexed to these rules; (e) 'year' means a financial year beginning on 1st April and ending on 31st March of the immediately following year. (2) Words and expressions used and not defined in these rules, but defined in the Code shall have the meanings respectively assigned to them in the Code. 3. Maintenance of accounts and records:- The Board shall maintain its accounts and records in the Form of financial statements annexed to these rules. (2) The Board Shall follow the general directions of the Central Government given in consultation with the Comptroller and Auditor General of India in maintaining the financial statements. 4. Preparation and submission of annual statement of accounts of the Board:- (1) The Board shall prepare its annual statement of accounts and balance sheet showing the financial results and significant accounting policies in Form `A', Form `B' and Form `C' and the Schedules. (2) The annual statement of accounts and balance sheet of the Board, duly authenticated by the whole-time members in-charge of Finance Accounts Department of the Board, Chairperson of the Audit Committee of the Board and Chairperson and a....

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....particulars of (b)From Other Sources (Details) (Grants for Capital and Revenue Expenditure to be shown separately) payment made for each project) Investment from III. Income (a) funds (b) Own on Earmarked/Endowment funds (Investment others) - IV. Interest Received (i) On Bank Deposits (ii) Loans, advances etc. III. Investments and Deposits Made a) of Out Earmarked/Endowme nt funds b) Out of own funds (Investment others) IV. Expenditure on Fixed Assets & Capital Work-in- Progress a) Purchase of fixed Assets b) Expenditure on Capital Work-in- (Amount in Rs.) Previous Year भाग II-खण्ड 3(i)] V. Other Income (Specify) भारत का राजपत्र : असाधारण progress V. Refund of surplus money/loans a) To the Government of India b) To other providers of funds VI. Amount Borrowed VII. Any other receipts (give details) TOTAL Vi. Finance Charges (Interest) VII. Other Payments (Specify)....

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....ing the year 2.Revaluation Reserve As per last Account Addition during the year Less: Deductions during the year 3.Special Reserves As per last Account Addition during the year Less: Deductions during the year 4.General Reserve As per last Account Addition during the year Less: Deductions during the year TOTAL (a) Opening balance of the funds (b) Additions to the Funds: (i) Donations/grants (ii) Income from investments made on account of funds (iii) Other additions (specify nature) Total (a + b) (c) Utilisation/Expenditure towards objectives of funds (i) Capital Expenditure Fixed Assets - Others Total (ii) Revenue Expenditure Current Year SCHEDULE - III [See sub-rule (1) of rule 4] EARMARKED/ENDOWMENT FUNDS Fund Wise Break up 27 (Amount in Rs.) Previous Year Totals Fund WW Fund Fund Fund XX YY ᏃᏃ Current Year Previous Year 28 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3 (i)] - - Salaries, Wages and allowances etc. Rent Other Administrative Expenses Total Total (c) NET BALANCE AS ....

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.... [see sub-rule (1) of rule 4) FIXED ASSETS [PART II-SEC. 3 (i)] GROSS BLOCK DEPRECIATION (Amount in Rs.) NET BLOCK Deductions Cost Deductions Total As at Description Cost as at beginning of the year Additions during at the year Adjustments during the As at the beginning During upto the As at the the the adjustments the current previous of the year year during the year year year end year year end year end end A. fixed assets 1. Land (a) Freehold (b) Leasehold 2. Buildings (a) On Freehold Land (b) On Leasehold Land (c) Ownership Flat/ Premises (d) Superstructures on Land not belonging to the entity 3. Plant Machinery & Equipment 4. Vehicles 5. Furniture & Fixture 6. Office Equipment 7. Computers/ Peripherals 8. Electrical Installations 9. Library Books 10. Tube wells & Water Supply 11. Other Fixed Assets Total of Current year Total of previous year B. Capital work in progress TOTAL Note: To be given as to cost o....

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.... Rs.) Previous Year SCHEDULE - XIII (See sub-rule(1) of rule 4) FEES/SUBSCRIPTIONS Current Year 1. Entrance Fees 2. Filing Fees 3. Seminar/Program Fees 4. Consultancy Fees 5. Others (Specify) TOTAL Note Accounting Policies towards each item are to be disclosed (Amount in Rs.) Previous Year भाग II-खण्ड 3(i)] भारत का राजपत्र : असाधारण SCHEDULE - XIV [See sub-rule (1) of rule 4] INCOME FROM INVESTMENTS (Income on Invest. From Earmarked/ Endowment Funds transferred to Funds) Investment from Earmarked Fund Current Year 33 (Amount in Rs.) Investment - Others Previous Year Current Year Previous Year 1. Interest a) On Government Securities b) Other Bonds/ Debentures 2. Dividends a) On Shares b) On Mutual Fund Securities 3. Rents 4. Others (Specify) TOTAL 1. Income from Royalty SCHEDULE XV [See sub-rule (1) of rule 4] INCOME FROM ROYALTY, PUBLICATION ETC. 2. Income from Publications 3. Others (Specify) TOTAL 1. On Term Deposits....

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....Forwarding Expenses (w) Distribution Expenses (x) Advertisement and Publicity (y) Others (to be specified) TOTAL SCHEDULE XX [See sub-rule (1) of rule 4] EXPENDITURE ON GRANTS, SUBSIDIES ETC. (a) Grants given to Institutions/ Organisations Current Year (Amount in Rs.) Previous Year (b) Subsidies given to Institutions/ Organisations TOTAL Note: Name of the Entities, their Activities along with the amount of Grants/ subsidies are to be disclosed. SCHEDULE XXI [See sub-rule (1) of rule 4] INTEREST (a) On Fixed Loans (b) On Other Loans (including Bank Charges) (c) Others (specify) TOTAL Current Year (Amount in Rs.) Previous Year SCHEDULE - XXII [See sub-rule (1) of rule 4] SIGNIFICANT ACCOUNTING POLICIES (Illustrative) 1. ACCOUNTING CONVENTION The financial statements are prepared on the basis of historical cost convention, unless otherwise stated and on the accrual method of accounting. 2. INVESTMENTS 2.1 Investments classified as "long term investments" are carried at cost. Provision for decline, other than temporary, is made in carrying cost of such investments. 2.2 Investments clas....

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....s adjusted to cost of fixed assets, if the foreign currency liability related to fixed assets, and in other cases is considered to revenue. 9. LEASE Lease rentals are expensed with reference to lease terms. 10. RETIREMENT BENEFITS 10.1 Liability towards gratuity payable on death/retirement of employees is accrued based on actuarial valuation. 10.2 Provision for accumulated leave encashment benefit to the employees is accrued and computed on the assumption that employees are entitled to receive the benefit as at each year end. भाग II-खण्ड 3 (i)] भारत का राजपत्र : असाधारण SCHEDULE - XXIII [See sub-rule (1) of rule 4] CONTINGENT LIABILITIES AND NOTES ON ACCOUNTS (Illustrative) 1. CONTINGENT LIABILITIES 1.1 Claims against the Entity not acknowledged as debts - Rs. (Previous year Rs. 1.2 In respect of: - Bank guarantees given by/on behalf of the Entity -Rs. - Letters of Credit opened by Bank on behalf of the Entity -Rs. - Bills discounted with banks Rs. (Previous year Rs._ 1.3 Disputed....