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  • Schedule-II – Formats for Declaration of Solvency & Statutory Disclosures Under Voluntary Liquidatio
  • Kapil Nimesh
  • img September 23, 2026

Schedule-II – Formats for Declaration of Solvency & Statutory Disclosures Under Voluntary Liquidatio

Contains standard statutory formats, including the crucial Declaration of Solvency made by the majority of directors under Section 59(3)(a), affirming that the company has no debt or will pay its debts in full, accompanied by audited financial statements and valuation reports.

SCHEDULE II

(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 Folio No.

Receipt

Payments

Balance

Voucher No.

Cash

Bank

Total

Voucher No.

Cash

Bank

Total

Cash

Bank

Total

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)

 

Date

Particulars

Dr. (Rs.)

Cr. (Rs.)

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
 
  1. Rent Collected/rent receivable
  2. Interest on Securities and Deposits
  3. Advances received
  4. Miscellaneous receipts payments
  5. Establishment
  6. Legal charges
  7. Rents, Rates and Taxes payable
  8. Fees and Commission account
  9. Other expenses
  10. Suspense account
  11. Secured creditors
  12. Dividend account.

 

  1. The entries in the General Ledger should be posted from the Cash Book.

 

  1. 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

Number

Rs.

Cheque

Number

Rs.

Rs.

1

2

3

4

5

6

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGISTER OF ASSETS

 

Sl. No.

Description of assets

Date of taking possession

Serial number of Sales

Register

Date of sale

Date of realization

Amount

Remarks

1

2

3

4

5

6

7

8

1.

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

Instructions:

1. All the assets of the corporate person except the liquidator’s investments in securities and outstanding to be realized should be entered in this Register.

SECURITIES AND INVESTMENTS REGISTER

 

Sl. No.

Petition number and name of the corporate person

Date of investment

Nature and particulars of security in which investment is made

Amount Invested (Rs.)

Dividend or interest received with date of receipt (Rs.)

Date of disposal

Rema rks

1

2

3

4

5

6

7

8

1.

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGISTER OF BOOK DEBTS AND OUTSTANDINGS

 

Sl. No

.

Name and addres s

of debtor

Particular s of debt

Amoun t due (Rs.)

Date of bar by limitatio n

Amoun t realise d (Rs.)

Actio n taken

Date of realisatio n

Referenc e to Suits Register

Remark s

1.

2

3

4

5

6

7

8

9

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructions:

 

  1. All debts due to the corporate person, both secured and unsecured, including amounts due for arrears of calls made prior to the liquidation, should be entered in this Register.

TENANTS LEDGER

 

  1. Description of assets:
  2. Name and address of tenant:
  3. Date of tenancy:
  4. Period of tenancy:
 
  1. Rent (monthly or annual):
  2. Special terms, if any:
  3. Arrears on date of taking charge of assets:
  4. Advance received, if any:

 

Month

Demand

Realization

Balance

Remarks

Amount (Rs.)

Date

Amount (Rs.)

Amount (Rs.)

1

2

3

4

5

6

January

 

 

 

 

 

February

 

 

 

 

 

 

 

 

 

 

 

 

 

SUITS REGISTER

 

Sl.

No.

Nu mb er of suit or ap pea l an d cou rt

Nam e and addr ess of plain tiff/ appel lant and his advo cate

Name and addres s of defend ant/ respon dent and his advoc ate

Amo unt of clai m

Da te of fili ng

Date s of hear ing

Dat e of dec ree or fina l ord er

Natu re of relie f gran ted

Amo unt decr eed

Cost s decr eed

Referen ce to Decree Registe r

Re mar ks

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 of suit or appeal and court

Name and address of judg-ment debtor

Amount Decreed (Rs.)

Date of decree

Action taken

Amount realized (Rs.)

Date of realisa-tion

Reference to

Suits Register

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

Rem arks

S

l. N

o.

Na me and Add ress of cre dito

r

Am oun t clai med (Rs.

)

Nat ure of clai m (Rs

.)

Amo unt adm itted (Rs.

)

Wheth er ordin ary or prefer ential

D

at e

Am oun t (Rs.

)

Dat e and Mod e of Pay men t

R

at e

Am oun t (Rs.

)

Dat e and mod e of pay men t

R

at e

Am oun t (Rs.

)

Dat e and mod e of pay men t

 

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Instructions:

  1. Only claims admitted either wholly or in part should be entered in this Register.
 
  1. The page on the left side should be reserved for claims and the page on the right side for Distributions.

 

CONTRIBUTORY’S LEDGER

 

Sl.

No

Name and

address of

Numbe

r of

Calls

Remar ks

Returns of share

capital

Remar ks

.

contributo ry

shares or extent of interes t held,a nd amoun t paid thereo

n

First call

2nd

call/ 3rd

call

Date of retur n

Date of Payme nt

Amou nt paid (Rs.)

Date of call and amou nt called

Amoun t paid and date of payme nt

(Repea t colum ns as under first call)

 

1

2

3

4

5

6 to 9

10

11

12

13

14

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 stakeholders

Particulars

Receipts

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’.
 
  1. The number in column 2 should be the number of the stakeholders in the list of stakeholders as finally settled.
  2. The total amount of unclaimed distribution payable into the 1[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 on which fee are payable

Amount distributed on which fee are payable

Fee payable on the amounts in the two preceding columns

Total fee payable

Date of payment

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 of document

Date of receipt

From whom received

Reference number of shelf in which document is kept

How disposed of

Remarks

1

2

3

4

5

6

7

1.

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

BOOKS REGISTER

 

Date

From whom received

Serial Number

Description of books, including files

Shelf number

How disposed of

Remarks

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 2[PROCEEDS] DEPOSITED

 

Sl. No.

Name of person entitled to the dividend or

return

Whether Creditor or Contributory

Number on list of stakeholders

Date of declaration of dividend or return

Rate of dividend or return

Total amount payable

 

(Rs.)

1

2

3

4

5

6

7

1.

 

 

 

 

 

 

2.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Author Bio
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Kapil Nimesh

briefcase Created with Sketch Beta. Company: TVA & Co. LLP
Designation: CS Managment Trainee
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I am a Company Secretary Professional student and B.Com graduate with a strong interest in corporate laws, governance, and regulatory advisory. Currently undergoing pract... View Full Profile

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