A solvency certificate may be asked for submission to prove up to what extent a party will be able to pay without committing any default. Mostly, the solvency certificate is issued by Chartered Accountants (CAs) and Banks.
Here are templates of such solvency certificates to be issued by chartered accountants or banks.
SAMPLE #1
(Solvency Certificate by CA)
Solvency Certificate
TO WHOMSOEVER IT MAY CONCERN
We hereby certify that (Name of the Company), bearing CIN: ......................, having its registered office at .............................., is solvent to the extent of Rs. ........................./- (Rupees .................................. Only) as disclosed by the records and documents produced before us and information and explanation given to us.
It is further notified that the certificate is being issued at the request of (Name of the Company) without attaching any risk and responsibility on our part in any respect whatsoever more particularly either as a guarantor or otherwise.
For (Name of the CA Firm),
Chartered Accountants
FRN: ....................
(signature)
(Name of the CA)
Chartered Accountant
Partner
Memb. No. ................
Date: ................
Place: .................
SAMPLE #2
(Solvency Certificate by Bank)
Date: .................. Ref: ..................
TO WHOMSOEVER IT MAY CONCERN
Sub.: Solvency Certificate
This is to certify that (Name of the Person), son/daughter of Mr. .........................., is solvent to the extent of US$............../- (US Dollars ..........................) and to the best of our knowledge and information, is able to meet the year’s expenses of his son/daughter Mr./Ms. ...................
This certificate is issued at the specific request of the sponsor i.e. (Name of the Person) exclusively for submission to .................. However, the certificate does not amount to a commitment on our part to release the exchange from India and does not constitute a statement of liability on the part of the bank.
Please note: The amount indicated above has been arrived at by applying current exchange rate of 1 US$ = Rs. ........... i.e. Indian Rupees .................. only).
(signature)
(Name of the Bank Manager)
(Designation)
.................... Bank
(Official Seal)
SAMPLE #3
(Solvency Certificate by Bank for Customs)
Ref: ..................
Date: ................
To
The Deputy Commissioner of Customs,
(Address)
Sub.: Solvency Certificate
Dear Sir/Madam,
We hereby certify that (Name of the Company/ Unit) having its registered office at (Address) is solvent to the extent of Rs. .................... (Rs. ............................. Only) as disclosed by the information and records which are available with our bank.
It is further notified that this certificate is being issued at the request of (Name of the Company/ Unit) without attaching any risk and responsibility on our part in any respect whatsoever more particularly either as guarantor or otherwise.
For .................... Bank,
(signature)
(Name of the Bank Manager)
(Designation)
(Official Seal)
Comments
Post a Comment