Project report certification

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2017 Can a company secretary in practice sign project report for loan or finance from bank or only CA is authorised ?

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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16 May 2017 A Project Report is report of future projection
neither a CA nor a CS can sign a project report as the same is related to future
and a person cannot certify the uncertain figures

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2017 Thks . Now its clear that I can prepare project report but what figures we use for projections .....from the last year's return or only expected return from the asset for which loan is applied ? And what if current year 'return is pending ?