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Solvency certificate

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 November 2012 Whether a CA can issue solvency certificate to an individual or not.
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
06 November 2012 Generally Solvency certificate is insisted by government/local/bodies to fulfill certain formalities to obtain work order/tenders etc and they will accept only solvency certificates issued by Bank but not from others.
However, while issuing solvency certificates, bank may ask for CA certificate about investments, cash and bank balances of an individual or companies.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
19 November 2012 Yes the expert is correct. A cA can issue only the financial health certificate
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