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 Comptroller and Auditor General of India, for the purposes of audit, within three months of the end of the financial year.
(3) The duly audited annual statement of accounts and balance sheet of the Board as certified by the Comptroller and Auditor General of India together with the audit report thereon shall be forwarded by the Chairperson for every financial year to the Central Government of laying before each House of Parliament.
FORM OF FINANCIAL STATEMENTS
[see sub rule (1) of rule 3]
Form –‘A’(see sub-rule (1) of rule 4 Insolvency and Bankruptcy Board of India Balance Sheet as at___________________________
(Amount in Rs.)
| FUND AND LIABILITIES |
Schedule |
Current Year |
Previous Year |
| Fund |
I |
|
|
| Reserves and Surplus |
II |
|
|
| Earmarked/Endowment Funds |
III |
|
|
| Secured Loans and Borrowings |
IV |
|
|
| Unsecured Loans and Borrowings |
V |
|
|
| Deferred Credit Liabilities |
VI |
|
|
| Current Liabilities and Provisions |
VII |
|
|
| TOTAL |
|
|
|
| ASSETS |
|
|
|
| Fixed Assets |
VIII |
|
|
| Investments - From Earmarked / Endowment Funds |
IX |
|
|
| Investments - Others |
X |
|
|
| Current Assets, Loans and Advances |
XI |
|
|
| Miscellaneous Expenditure (to the extent not written of or adjusted) |
|
|
|
| TOTAL |
|
|
|
| Significant Accounting Policies |
XXII |
|
|
| Contingent Liabilities and Notes on Accounts |
XXIII |
|
|
| |
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA |
| Whole Time Member |
Chairperson |
Chairperson |
| (In charge of Finance Audit Committee, And Accounts) IBBI |
IBBI |
IBBI |
Place: Delhi
Date:
|