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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:]