Format for CA certificate

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Chitra Nair (Querist)

03 December 2010 Can anyone provide me with a format of CA certificate for end use of the working capital loan obtained?
Thanks in advance.
Please its urgent.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

25 July 2024 Certainly! Here's a basic format for a Chartered Accountant (CA) certificate that can be used for the end use of working capital loan obtained by a company:

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**[On CA Letterhead]**

**Date: [Date of Issuance]**

To,
[Name of the Bank/Financial Institution]
[Address Line 1]
[Address Line 2]
[City, State, Zip Code]

**Subject: Certificate for End Use of Working Capital Loan**

Dear Sir/Madam,

This is to certify that we, [Name of the CA Firm], Chartered Accountants (Membership No. [CA Membership Number]), have examined the books of accounts and other relevant records of [Name of the Company], located at [Company Address], for the purpose of ascertaining the utilization of the working capital loan obtained from your esteemed institution.

Based on our examination and verification, we hereby certify that:

1. The total working capital loan of [Amount in Words (e.g., Rupees Five Crores)] ([₹X,XX,XX,XXX]) was disbursed by your institution to [Name of the Company] on [Date of Disbursement].

2. The loan amount has been utilized by the company for the following purposes as per the terms agreed upon with your institution:
- [Purpose 1]: [Amount spent]
- [Purpose 2]: [Amount spent]
- [Purpose 3]: [Amount spent]
- [Include other purposes as applicable]

3. The funds have been utilized strictly for the business purposes and in accordance with the loan agreement.

4. The utilization of the loan proceeds is in compliance with all relevant legal and regulatory requirements.

This certificate is based on the information provided by the management of [Name of the Company] and our examination thereof. We have conducted our verification in accordance with applicable auditing standards and practices.

For [Name of the CA Firm]

[Signature of the CA]
[Name of the CA]
[Designation]
[Membership Number]
[Contact Information]

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**Note:**
- Customize the format as per specific requirements and details applicable to your company and the loan agreement.
- Ensure that the certificate includes all necessary information required by the bank or financial institution.
- The CA's signature should be physical (not digital) and should ideally be accompanied by the official seal/stamp of the CA firm.

This format should serve as a basis for drafting your CA certificate for the end use of a working capital loan. Adjustments can be made based on specific details and requirements laid out by the lending institution.

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