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

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....hese 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 approved by the Board shall be forwarded to the Co....

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....vestment 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) VIII. Closing Balances a) Cash in Hand b) Bank Balances (i) In current Accounts (ii) In Deposit Accounts (iii) Savings Accounts TOTAL 25 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA Whole Time Member (In charge of Finance And Accounts) IBBI Chairperson Audit Committee, IBBI Place: Delhi Date: Form 'B' Chairperson IBBI INCOME AND EXPENDITURE ACC....

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....s (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 AT THE YEAR END (a + b - c) 1. Disclosures shall be made under relevant heads based on conditions attaching to the grants. 2. Plan Funds received from the Central Government are to be shown as separate Funds and not to be mixed up with any other funds. SCHEDULE -IV [see sub-rule (1) of rule 4] SECURED LOANS AND BORROWINGS 1. Central Government 2. Financial Institutions (a) Terms Loans (b) Interest accrued and due 3. Banks (a) Term Loans Interest accrued and due (b) Other Loans (specify) - Interest accrued and due 4. Other Institutions and Agencies 5. Debentures and bonds 6. Others (Specify) TOTAL Note: Amounts due within one year 1. Central Government 2. Financial Instituti....

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....er Fixed Assets Total of Current year Total of previous year B. Capital work in progress TOTAL Note: To be given as to cost of assets on hire purchase basis included above भाग II-खण्ड 3(i)] भारत का राजपत्र : असाधारण SCHEDULE - IX [See sub-rule (1) of rule 4] INVESTMENTS FROM EARMARKED/ENDOWMENT FUNDS 1. In Government Securities 2. Other approved Securities 3. Shares 4. Debentures and Bonds 5. Subsidiaries and Joint Ventures 6. Others (to be specified) TOTAL 1. In Government Securities 2. Other approved Securities 3. Shares 4. Debentures and Bonds 5. Subsidiaries and Joint Ventures 6. Others (to be specified) A TOTAL Current Year SCHEDULE - X [See sub-rule (1) of rule 4] INVESTMENTS – OTHERS - 31 (Amount in Rs.) Previous Year Current Year (Amount in Rs.) Previous Year SCHEDULE - XI [See sub-rule (1) of rule 4] CURRENT ASSETS, LOANS, ADVANCES ETC. Current Year (Amount in Rs.) Previous Year CURRENT ASSETS, LOANS, ADVANCES ETC. Current Assets: 1. Debts: (a) Debts Outstanding for a period exce....

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.... Scheduled Banks (b) With Non - Scheduled Banks (c) Post Office Savings Accounts (d) Others 3. On Loans Current Year SCHEDULE XVI [See sub-rule (1) of rule 4] INTEREST EARNED (a) Employees/Staff (b) Others 4. Interest on Debtors and Other Receivables TOTAL (Amount in Rs.) Previous Year Current Year (Amount in Rs.) Previous Year Note Tax deducted at source to be indicated - 34 THE GAZETTE OF INDIA: EXTRAORDINARY [PART II-SEC. 3 (i)] SCHEDULE - XVII [See sub-rule (1) of rule 4] OTHER INCOME 1. Profit on Sale/disposal of Assets (a) Owned Assets (b) Assets acquired out of grants, or received free of cost 2. Fees for Miscellaneous Services 3. Miscellaneous Income TOTAL SCHEDULE XVIII [See sub-rule (1) of rule 4] ESTABLISHMENT EXPENSES (a) Salaries and Wages (b) Allowances and Bonus (c) Contribution to Provident Fund (d) Contribution to Other Fund (specify) (e) Staff Welfare Expenses (f) Expenses on Employees' Retirement and Terminal Benefits (g) Others (Specify) TOTAL Current Year (Amount in Rs.) Previous Year Current Year SCHEDULE XIX [See sub-rule (1) of rule 4] OTHER ADNIMISTRATIVE EXPENSES (a) Purchases (b) Labour and processing exp....

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.... Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental and direct expenses related to acquisition. In respect of projects involving construction, related pre-operational expenses (including interest on loans for specific project prior to its completion), form part of the value of the assets capitalized. 3.2 Fixed Assets received by way of non-monetary grants, (other than towards the Corpus Fund), are capitalized at values stated, by corresponding credit to Capital Reserve. 4. DEPRECIATION 4.1 Depreciation is provided on straight-line method as per rates specified in the Income-tax Act, 1961 except depreciation on cost adjustments arising on account of conversion of foreign currency liabilities for acquisition of fixed assets, which is amortized over the residual life of the respective assets. 4.2 In respect of additions to/deductions from fixed assets during the year, depreciation is considered on pro- rata basis. 4.3 Assets consisting Rs. 5,000 or less each are fully provided. 5. MISCELLANEOUS EXPENDITURE Deferred revenue expenditure is written off over a period of 5 years from the year it is incurred. 6. ACCOUNTING FO....