Due diligence by bank
This query is : Resolved
14 April 2014
Whether it is mandatory to get the due diligence certificate done by a PCS or the CS in service can get it done and sign
14 April 2014
It can not be signed by CS in service. For format of report see below link--
https://www.caclubindia.com/share_files/due-diligence-report-consortium-finance-by-banks-56937.asp#.U0tvOPmSy3t
https://www.caclubindia.com/share_files/due-diligence-report-consortium-finance-by-banks-56937.asp#.U0tvOPmSy3t
14 April 2014
But sir the half yearly format sent by the Bank Specifies:
Signature:
Name of the Company Secretary/CA/ Cost Acctnt
So a little bit confused about the applicability
Signature:
Name of the Company Secretary/CA/ Cost Acctnt
So a little bit confused about the applicability
14 April 2014
No. It refers to CS/CMA/CA in practice. If in house CA/CS/CMA are allowed to certify then the very purpose of due diligence will be defied.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- IT returns for fresh job holders
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Taxability of credit in canara bank ET & T section (NRO)
- Rent claimed on building given on permissive possession basis
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
