Never Give up....No matter what....
858 Points
Joined April 2013
Originally posted by : CA VISHAL L KHATRI |
 |
@ Bijay as per Maharera Rules Stat Auditor are not elgible to Sign FORM - 3 , He has to sign Form 5 .
Thanks and Regards,
Vishal khatri |
 |
As per Explanation-1 to Regulation 4 of the Maharashtra Real Estate Regulatory Authority (General) Regulations 2017:
"The chartered accountant certifying the progress of the registered real estate project for the purpose of withdrawal of amounts from the separate account should be a different entity than the chartered accountant who is the statutory auditor of the promoter’s enterprise."
Now my doubt is at the time of registering ongoing projects, CA has to give a certificate. Can Statutory Auditor give such certificate or it should be different from statutory auditor?