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Auditor's responsibilities under rera act and tnrera rules

Pavan (Intern) (21 Points)

23 January 2018

1. What are the Auditor's Responsibilities under RERA?

2. Is there any specific format of Financial Statements prescribed under RERA Act or TN RERA Rules for the promoters ?

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2 Replies

Chidvilas Batchu (Article student ) (31 Points)
Replied 23 January 2018

I have the same query from many days because one of my client is real estate company.

Swanand (CEO) (288 Points)
Replied 14 February 2018

As per RERA Auditors ( Charted Accountants ) asign very important duty.

CA has to issue CA Certificate in prescribed format to Real Estate Developer once in every quater. Developer has to submit same to Banks where RERA A/c is linked. Developer will able to withdraw money from said account to the tune of Amount Assigned in CA Certificate only.