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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Auditor's responsibilities under rera act and tnrera rules
Replies (2)
I have the same query from many days because one of my client is real estate company.
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.
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