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A Turnover Certificate is typically required by banks, financial institutions, or government authorities to verify a company's turnover.
Who Can Issue a Turnover Certificate? In India, the following professionals can issue a Turnover Certificate:
1. _Chartered Accountant (CA)_: A CA in practice can issue a Turnover Certificate.
2. _Cost Accountant (CMA)_: A CMA in practice can also issue a Turnover Certificate.
3. _Company Secretary (CS)_: In some cases, a CS can issue a Turnover Certificate, but this may depend on the specific requirements of the authority requesting the certificate.
Requirements for Issuing a Turnover Certificate Before issuing a Turnover Certificate, the CMA in practice should:
1. _Verify the Financial Records_: Verify the company's financial records, including audited financial statements and tax returns.
2. _Confirm the Turnover_: Confirm the company's turnover for the specified period.
3. _Use the Prescribed Format_: Use the prescribed format for the Turnover Certificate, which may vary depending on the authority requesting the certificate.
In your case, since your client requires a Turnover Certificate, a CMA in practice can issue it after verifying the necessary financial records and confirming the turnover.
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