Current account opening certificate by ca

On CA Letter head

Date:

To,

The Branch Manager

……………Bank Ltd

……………..Branch

Dear Sir,

This is to certify that Mr/Mrs……………………………., proprietor of M/S………………………………….., having.    their place of business at……………………………………………..,The said firm is engaged in business of …………………………………….

This certificate is issued for opening a current account with your banks branch

For ............ & Co.

Chartered Accountants

Proprietor 

Membership No: 

Firm reg. No 

Thanku sir, FRN number is to be compulsory quoted in case of propriotorship firm means that chartered accountant firm is proprietorship firm. In that case FRN no is compulsory or not.

The requirement varies from bank to bank.

Annexure-G                                                                                                 Date:22/03/2018

To,

            The Branch Manager,
            **** Bank Ltd,
            *****

CERTIFICATE

            I, the Undersigned, am a Qualified Chartered Accountant and hold a Certificate of Practice From the Institute of Chartered Accountant of India and my Membership no is ***.

            I certify the existence of M/s **** Carrying business at ***** and confirm that Mr **** is a sole Proprietor of the said firm her pan is Individual my client and is Business of (Drugs and surgical materials Trade)

            I am aware that the bank is relying on this certificate as a valid proof of existence of the firm and as part of the bank’s due diligence process for establishing the identify and existence of the firm.

            As per obligation laid down and as per the guidelines / regulation issued by various statutory / regularly bodies on know your customer and Prevention of money Laundering and Terrorist Financing.

PRABU GS 

ADVOCATE

8148688888

What is the implication on CA issuing the certificate in good faith and client subsequently does some banking fraud and other fraud.

kindly elaborate

we ca should not give certificate and it may create trouble for CA and bank always transfer liability on CA .THE bank should very his place of busines, enquire from soorunding area, take statement of neghbour and verify the PAN , addhar and other document.

 it is my hubmle request to CA faternity do not take any undertaking on behalf of client

most popular qms in industry is iso 9001 certification which is released by international standards organisation.

Could someone explain me under what notification of RBI does the banks accept . Because many are not doing and also do not encourage that.