SCHEDULE - 07 - CURRENT LIABILITIES AND PROVISIONS - Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018

1 [SCHEDULE VII [see sub-rule (1) of rule 4] CURRENT LIABILITIES AND PROVISIONS (Amount in Rs.) Current Year Previous Year A. CURRENT LIABILITIES 1. Acceptances 2. Sundry creditors:- (a). For Goods (b). Others 3. Advances Received 4. Interest accrued but not due on: (a) Secured Loans/borrowings (b) Unsecured Loans/borrowings 5. Statutory Liabilities: (a) Overdue (b) Others 6. Other Current Liabilities TOTAL (A) B. PROVISIONS 1. For Taxation 2. Gratuity 3. Superannuation/Pension 4. Accumulated Leave Encashment 5. Trade Warranties/Claims 6. Others (Specify) TOTAL (B) TOTAL (A +B) Cost of assets on hire purchase basis included above ] ********** Notes 1. Inserted vide NOTIFICATION [F. No. 30/13/2018-Insolvency] dated 01-05-2018