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: