TaxTMI 
TaxTMI 
TaxTMI 
Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018
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.... the Act; e) "investor" means any person, who has invested money in shares or debentures, bond or deposits under a scheme or plan of a company registered under the Act; f) 'Schedule' means the Schedule to the Form annexed to these rules; g) "year" means the financial year beginning on 1st April and ending on 31st March of the year immediately following. (2) Words and expressions used herein and not defined but defined in the Act shall have the same meanings assigned to them in the Act. 3. Forms of Financial Statements.-(1) The Authority shall maintain its accounts in the Form of financial statements annexed to these rules. (2) The Authority shall follow the instructions and accounting principles for maintaining the financial statements issued or laid down by the Central Government from time to time. (3) The financial statements shall give a true and fair view of the State of affairs of the Authority and shall comply with the Accounting Standards notified under section 133 of the Act. 4. Incurring of Expenditure by the Authority.-The officer of the Authority incurring or authorising expenditure from the Fund shall follow the Standards of financial propriety and th....
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....es and Provisions VII TOTAL ASSETS Fixed Assets VIII Investments - From Earmarked/Endowment Funds of Authority IX Investments - Others X Current Assets, Loans and Advances XI Miscellaneous Expenditure (to the extent not written off or adjusted) TOTAL Significant Accounting Policies XXII Contingent Liabilities and Notes on Accounts XXIII Investor Education and Protection Fund Authority CHAIRPERSON CEO Place: Delhi Date RECEIPT AND PAYMENT FOR THE PERIOD/YEAR ENDED___________ [see rule 5] (Amount - Rs) RECEIPTS Current Year Previous Year PAYMENTS Current Year Previous Year I. Opening Balances 1. Expenses (a) Cash in Hand (b) Bank Balance (a) Establishment expenses (corresponding to Sch. XVI II (i) In Current Accounts (b) Administrative Expenses (Corresponding to Sch. XIX) (ii) In Dep....
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....(Amount - Rs) INCOME Schedule Current Year Previous Year Income from sales/services XII Grants/Subsidies XIII Fees/Subscriptions XIV Income from Investments (Income on invest, from earmarked/endow funds transferred to funds). XV Income from Royalty, Publications etc. XVI Interest Earned XVII Other Income Increase/(Decrease) in stock of Finished goods and Work in Progress XVIII XIX Total (A) EXPENDITURE Schedule Current Year Previous Year Establishment Expenses XX Other Administrative Expenses, etc. XXI Expenditure on Grants, subsidies etc. XXII Interest XXIII Depreciation(Net Total at the year end) XXIV TOTAL (B) Balance being excess of Income over Expenditure (A-B) Transfer to Special Reserve (Specify each) Transfer to/from General Reserve BALANCE BEING SURPLUS (DEFICIT) CARRIED TO CORPUS/CAPITAL FUND Significant Accounting Policies XXV C....
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....; 6. Debentures and bonds 7. Others (Specify) TOTAL Note: Amounts due within one year SCHEDULE - V UNSECURED LOANS AND BORROWINGS (Amount -Rs.) Current Year Previous Year 1. Central Government 2. State Government 3. Financial Institutions 4. Banks: a) Term Loans b) Other Loans (specify) 5. Other Institutions and Agencies 6. Debentures and Bonds 7. Fixed Deposits 8. Others (specify) TOTAL Note: Amounts due within one year SCHEDULE - VI DEFERRED CREDIT LIABILITIES (Amount - Rs.) Current Year Previous Year 1. Acceptances secured by hypothecation of capital equipment and other assets. 2. Others TOTAL Note: Amounts due within one year SCHEDULE - VII C....
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....TC. A Current Assets: 1. Inventories (a) Stores and Spares (b) Loose tools c) Stock-in-trade Finished Goods Work in Progress Raw Material (if not relevant nil may be written) 2. Sundry Debtors a) Debts Outstanding for a period exceeding six months b) Others 3. Cash balances in hand (including cheques/drafts and imprest) 4. Bank Balances : With Scheduled Banks: With Non Scheduled Bank - In Current Accounts - In Deposit Accounts (incl. margin money) - On Savings Accounts 5. Post Office - Savings Accounts TOTAL (A) B LOANS, ADVANCES AND OTHER ASSE....
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....transferred to Funds) (Amount-Rs.) Investment from Earmarked Fund Investment - Others Current Year Previous Year Current Year Previous Year 1) Interest a) On Govt. Securities b) Other Bonds/Debetures 2) Dividends a) On Shares b) On Mutual Fund Securities 3) Rents 4) Others (Specify) Total Transferred to Earmarked/Endowment Funds SCHEDULE - XVI INCOME FROM ROYALTY, PUBLICATION ETC. (Amount-Rs.) Current Year Previous Year 1) Income from Royalty 2) Income from Publications 3)T Others (Specifiy) TOTAL SCHEDULE - XVII INTEREST EARNED (Amount-Rs.) Current Year Previous Year 1) On Term Deposits: a) With Scheduled Banks b) With Non-Scheduled Banks c) Wi....
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.... f) Insurance g) Repairs and Maintenance h) GST i) Rent, Rates and Taxes j) Vehicles Running, Maintenance or Hiring charges k) Postage, Telephone and Communication Charges l) Printing and Stationery m) Travelling and Conveyance Expenses n) Expenses on Seminar/Workshops o) Subscription Expenses p) Expenses of Fee q) Auditors Remuneration/Legal Fee r) Hospitality Expenses s) Professional Charges t) Provision for Bad and Doubtful Debts/Advances u) Ir....
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....ents. 2.2 Investments classified as "Current" are carried at lower of cost and fair value. Provision for shortfall on the value of such investments is made for each investment considered individually and not on a global basis. 2.3 Cost includes acquisition expenses like brokerage, transfer stamps. 3. FIXED ASSETS 3.1 Fixed 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 o....
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....d not provided for (net of advances) Rs. (Previous year Rs._________). 3. LEASE OBLIGATIONS Future obligations for rentals under finance lease arrangements for plant and machinery amount to Rs._________(Previous year Rs._________). 4. CURRENT ASSETS, LOANS AND ADVANCES In the opinion of the Management, the current assets, loans and advances have a value on realization in the ordinary course of business, equal at least to the aggregate amount shown in the Balance Sheet. 5. TAXATION In view of there being no taxable income under Income-tax Act 1961, no provision for Income tax has been considered necessary. Current Year Previous Year 6. FOREIGN CURRENCY TRANSACTIONS 6.1 Value of Imports calculated on C.I.F Basis: - Purchase of finished Goods - Raw Materials & Components (Including in transit) - Capital Goods - Stores, Spares and Consumables d) Travel e) Remittances and Interest payment to Financial Institutions/ Banks in Foreign Currency f) Other expenditure: - Commission on Sales - Legal and Professional Expenses - Miscellaneous Expenses Earnings: Value of Exports on FOB basis Remuneration to auditors: As Auditors - Taxation matters - For Ma....