Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

(Under Regulation 10 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017) The formats contained in this Schedule are indicative in nature, and the liquidator may make such modifications to them as he deems fit in view of the facts and circumstances of the liquidation.

CASH BOOK Name of Corporate person.......................................................(in liquidation) Date Particulars Ledger Date Particulars Dr. (Rs.)

Receipt Payments Balance Folio No. VoucherCash Bank Total VoucherCash Bank Total Cash Bank Total No. Cr. (Rs.)

No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Under column 'particulars', the head of account to which the entry relates to should be indicated so that the entry may be posted under the proper head in the General Ledger. GENERAL LEDGER Name of Corporate person.......................................................(in liquidation) .......................................................(Head of account) Balance (Rs.)

1 2 3 4 5 Instructions: 1.A General Ledger should be maintained with such heads of account as the liquidator may think necessary and appropriate. The following heads of account may be found suitable: (1) Asset account (2) Investments account (3) Book Debts and Outstandings account (4) Calls (5) Rent Collected/rent receivable (6) Interest on Securities and Deposits (7) Advances received (8) Miscellaneous receipts payments (9) Establishment (10) Legal charges (11) Rents, Rates and Taxes payable (12) Fees and Commission account (13) Other expenses

(14) Suspense account (15) Secured creditors (16) Dividend account. 2. The entries in the General Ledger should be posted from the Cash Book. 3. The total of the debit balances and the total of the credit balances of the several heads of account in the General Ledger should agree, after taking into consideration the cash and bank balances as shown in the Cash Book. The totals should be tallied once a month. BANK LEDGER Corporate person’s (in voluntary liquidation) account with the Scheduled Bank Date Particulars Deposits Withdrawals Balance

Challan	Rs. Cheque	Rs. Rs.
Sl.	Description Date of	Serial	Date Date of	Amount Remarks
No. Sl. No. Petitionnumber	of assets Date ofinvestment	taking Natureand Invested	number Amountor	of Dividend Date ofdisposal	realization Remarks
and name	particulars	(Rs.)	interest
of thecorporateperson	of securityin whichinvestment	receivedwith dateof receipt
Sl. No. Name	Particul Amo	Date	Amo	Acti Date of Refere	Re
and ars of	unt	of bar	unt	on	realisat nce to	ma
addres debt	due	by	realis take ion	Suits	rks
s	(Rs.)	limitat ed	n	Regist
of	ion	(Rs.)	er
(Rs.)	(Rs.)	(Rs.)

1 2 3 4 5 6 January February SUITS REGISTER

Sl.	Nu	Nam	Name	Amo Da Date Dat Natu Amo Cost Referen Re
No.	mb e and and unt	te	s of	e of re of unt	s	ce to	mar
er	addr	addres of	of	hear dec	relie decr decr Decree ks
of	ess	s of	clai	fili ing	ree	f	eed	eed	Registe
suit of	defend m	ng	or	gran	r
or	plain ant/	fina ted
ap	tiff/	respon	l
ldcou advo	lanthisate rt	and eradvoccate 1 2 3 4 5 6 7 8 9 10 11 12 13 1. 2. Instructions: 1.Applications made by or against the corporate person which are in the nature of suits should alsobe entered in this Register. DECREE REGISTER
Number	Name	Amoun Date	Action	Amount	Date	Referenc
of suit or	and t	of	taken	realized of	e to
appeal	address	Decree decree	(Rs.)	realisa Suits
and of judg- court	dment	- (Rs.)	Registertion

debtor 1 2 3 4 5 6 7 8 1. 2. Instructions: 1. The purpose of the Register is to enable the liquidator to keep watch on the progress of the realization of decrees in favor of the corporate person in his charge. 2. Every decree or order for payment of money or delivery of assets in favor of the corporate person including an order for payment of costs whether made in a suit, appeal or application, should be entered in this Register. REGISTER OF CLAIMS AND DISTRIBUTIONS Claims Distributions declared and paid Re m ar ks

Sl.	Na Am N A	Wh D A Da Ra A	D	Ra A	Da
No.	me ou	at mo eth a m te	te	m	at	te	m	te
an	nt	ur unt er	t	o an	ou e	ou an
d	cla e	ad	or	e u d	nt	an	nt	d
Ad	im	of mit din	n M	(R d	(R	mo
dre ed	cl ted ary	t	od	s.) m	s.) de
ss	(Rs ai (R	or	(	e	od	of
of \|.) cre	m s.) (	prefer	R ofs. Pa	eof	paym
dit	R	ent	)	ym	pa	ent
or	s.	ial	ent	ym

CONTRIBUTORY’S LEDGER

Sl.	Name	Numb	Calls Rem	Returns of share	Remar
No.	and er of	arks	capital	ks
of	s or	call/	te	of	unt
contributory	extentof	3rd ofcall	Payret	paidment (Rs.)
intere Dat	Amo (Rep	ur
st e of	unt	eat	n
held,a call	paid	colu

nd and and mns

amou	amo date	as
ntpaid	untcall	ofpay	under first
there	ed	ment call)
on 1 2 3 4 5 6 to	10 11 12 13 14 9 1. 2. Instructions: Only contributories settled on the list should be entered in this Register and they should be entered in the same order as in the list. DISTRIBUTIONS REGISTER Date on which distribution is made: Total amount payable in this round of distribution: Date Number on list of	Particulars Receipts stakeholders	Payments 1 2 3 4 5 1. 2. Instructions: 1. Separate pages should be set apart for preferential and ordinary distributions. 2. The payments should be entered as and when they are made. Any amount which is returned unpaid should be re-entered in the account under ‘Receipts’. 3. The number in column 2 should be the number of the stakeholders in the list of stakeholders as finally settled.

4. The total amount of unclaimed distribution payable into the 43[Corporate Voluntary Liquidation Account], and the amount paid into the Bank with the date of payment, should be shown at the end of the account. FEE REGISTER

Amount realized Amount distributed Fee payable on the	Total fee	Date of
on which fee are on which fee are	amounts in the two	payable	payment
payable	payable	preceding columns

1 2 3 5 6 1. 2. Instructions: 1. There should be a fresh opening for each year. 2. The fees due to the liquidator should be entered in the Register as soon as the audit of the account for a quarter is completed. SUSPENSE REGISTER Date Particulars Debit (Rs.) Credit(Rs.) Balance (Rs.) 1 2 3 4 5 1. 2. Instructions: 1. Advances made by the liquidator to any person should be entered in this Register. 2. There should be a separate opening for each person. DOCUMENTS REGISTER

Sl. No. Description Date of	From	Reference	How	Rema
of	receipt	whom	number of	disposed	rks

Instruction: All documents of title like title-deeds, shares, promissory notes, etc., should be entered in this Register. BOOKS REGISTER

Date Fromwhom	Serial Number	Description Shelfof books,	Hownumber	Remarksdisposed
received	including	of

files 1 2 3 4 5 6 7 1. 2. Instruction: All books and files of the corporate person which come into the hands of the liquidator should be entered in this Register. REGISTER OF UNCLAIMED DIVIDENDS AND UNDISTRIBUTED 44[PROCEEDS] DEPOSITED

Sl. No. Name of Whether	Number on	Date of	Rate of	Total
person	Creditor or	list of	declaration dividend amount
entitledto the	Contributory stakeholders of dividend or returnor return dividend	payable (Rs.) or return 1 2 3 4 5 6 7 1. 44 Subs. by Notification No. IBBI/ 2019-20/GN/ REG054 dated 15th January, 2020 (w.e.f. 15.01.2020). 2. Before substitution, the words stood as: “ASSETS”.

CASH BOOK Name of Corporate person.......................................................(in liquidation) Date Particulars Ledger Date Particulars Dr. (Rs.)

Receipt Payments Balance Folio No. VoucherCash Bank Total VoucherCash Bank Total Cash Bank Total No. Cr. (Rs.)

Challan	Rs. Cheque	Rs. Rs.
Sl.	Description Date of	Serial	Date Date of	Amount Remarks
No. Sl. No. Petitionnumber	of assets Date ofinvestment	taking Natureand Invested	number Amountor	of Dividend Date ofdisposal	realization Remarks
and name	particulars	(Rs.)	interest
of thecorporateperson	of securityin whichinvestment	receivedwith dateof receipt
Sl. No. Name	Particul Amo	Date	Amo	Acti Date of Refere	Re
and ars of	unt	of bar	unt	on	realisat nce to	ma
addres debt	due	by	realis take ion	Suits	rks
s	(Rs.)	limitat ed	n	Regist
of	ion	(Rs.)	er
(Rs.)	(Rs.)	(Rs.)

1 2 3 4 5 6 January February SUITS REGISTER

Sl.	Nu	Nam	Name	Amo Da Date Dat Natu Amo Cost Referen Re
No.	mb e and and unt	te	s of	e of re of unt	s	ce to	mar
er	addr	addres of	of	hear dec	relie decr decr Decree ks
of	ess	s of	clai	fili ing	ree	f	eed	eed	Registe
suit of	defend m	ng	or	gran	r
or	plain ant/	fina ted
ap	tiff/	respon	l
ldcou advo	lanthisate rt	and eradvoccate 1 2 3 4 5 6 7 8 9 10 11 12 13 1. 2. Instructions: 1.Applications made by or against the corporate person which are in the nature of suits should alsobe entered in this Register. DECREE REGISTER
Number	Name	Amoun Date	Action	Amount	Date	Referenc
of suit or	and t	of	taken	realized of	e to
appeal	address	Decree decree	(Rs.)	realisa Suits
and of judg- court	dment	- (Rs.)	Registertion

Sl.	Na Am N A	Wh D A Da Ra A	D	Ra A	Da
No.	me ou	at mo eth a m te	te	m	at	te	m	te
an	nt	ur unt er	t	o an	ou e	ou an
d	cla e	ad	or	e u d	nt	an	nt	d
Ad	im	of mit din	n M	(R d	(R	mo
dre ed	cl ted ary	t	od	s.) m	s.) de
ss	(Rs ai (R	or	(	e	od	of
of \|.) cre	m s.) (	prefer	R ofs. Pa	eof	paym
dit	R	ent	)	ym	pa	ent
or	s.	ial	ent	ym

CONTRIBUTORY’S LEDGER

Sl.	Name	Numb	Calls Rem	Returns of share	Remar
No.	and er of	arks	capital	ks
of	s or	call/	te	of	unt
contributory	extentof	3rd ofcall	Payret	paidment (Rs.)
intere Dat	Amo (Rep	ur
st e of	unt	eat	n
held,a call	paid	colu

nd and and mns

amou	amo date	as
ntpaid	untcall	ofpay	under first
there	ed	ment call)
on 1 2 3 4 5 6 to	10 11 12 13 14 9 1. 2. Instructions: Only contributories settled on the list should be entered in this Register and they should be entered in the same order as in the list. DISTRIBUTIONS REGISTER Date on which distribution is made: Total amount payable in this round of distribution: Date Number on list of	Particulars Receipts stakeholders	Payments 1 2 3 4 5 1. 2. Instructions: 1. Separate pages should be set apart for preferential and ordinary distributions. 2. The payments should be entered as and when they are made. Any amount which is returned unpaid should be re-entered in the account under ‘Receipts’. 3. The number in column 2 should be the number of the stakeholders in the list of stakeholders as finally settled.

Amount realized Amount distributed Fee payable on the	Total fee	Date of
on which fee are on which fee are	amounts in the two	payable	payment
payable	payable	preceding columns

Sl. No. Description Date of	From	Reference	How	Rema
of	receipt	whom	number of	disposed	rks

Instruction: All documents of title like title-deeds, shares, promissory notes, etc., should be entered in this Register. BOOKS REGISTER

Date Fromwhom	Serial Number	Description Shelfof books,	Hownumber	Remarksdisposed
received	including	of

Sl. No. Name of Whether	Number on	Date of	Rate of	Total
person	Creditor or	list of	declaration dividend amount
entitledto the	Contributory stakeholders of dividend or returnor return dividend	payable (Rs.) or return 1 2 3 4 5 6 7 1. 44 Subs. by Notification No. IBBI/ 2019-20/GN/ REG054 dated 15th January, 2020 (w.e.f. 15.01.2020). 2. Before substitution, the words stood as: “ASSETS”.

Regulation Schedule II

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