A company is in the process of applying for the FTE scheme.
The company has no activities since inception, no auditors were appointed, no PAN, no bank accounts, no returns were filed, no financials statements were prepared, no external liabilities, nil assets, etc.
Please advise on the statement of accounts to be certified - whether it can be certified by a CA in practice, as no auditors were appointed. Also what should be verified in this aspect and documents to be taken on record as the company has no documentary evidences - apart from Certi of incorporation, MOA, AOA etc.
Shall management representation letter shall be suffice. Please provide what contents need to be drawn in this regards in the representation letter.
Regards
Amit Tejwani
CAclubindia
