The Board shall submit a copy of the annual report referred to in rule 3 to the Central Government within ninety days of the end of the financial year.
Form of the Annual Report [see rule 3] (A) Chairperson's statement:
(B) The year in review:
(C) A true and full account of policies, programmes and activities of the Board in respect of-
(i) Service Providers, namely, Insolvency Professionals, Insolvency Professional Agencies, and Information Utilities:
(ii) Transactions, namely, Corporate Insolvency Resolution, Corporate Liquidation, Individual Insolvency Resolution and Individual Bankruptcy:
(iii) Advocacy and Awareness:
(iv) Research:
(D) A review of the quasi-legislative, executive and quasi-judicial functions of the Board:
(E) An analysis of outcomes in terms of transactions and transactional efficiencies:
(F) Summary data - time series or cross section - as may be relevant and available, about the outcomes that may facilitate appreciation of the working of the Code and the Board and promote research:
(G) Impact of the Code on credit market, resource recycling and the economy:
(H) An assessment of the effectiveness and the efficiency of the Board in terms of its objectives and mandate keeping in view its resources, duties and powers:
(I) An assessment of performance of the Governing Board and its vision, policies and programmes for the following year:
(J) A summary of financial performance of the Board;
(K) A statement of non-compliance, if any, with statutory obligations by the Board and the reason for the same;
(L) Organisational Matters, including Human Resources, Finance and Accounts, Audit Committee, Right to Information and Transparency:
(M) Such other details as would enable the stakeholders to review and appreciate the performance of the Board:
[F. No. 30/13/2018-Insolvency] GYANESHWAR KUMAR SINGH, Jt. Secy.