PRAMOD BHARAMBE 25 March 2023

Solvency certificate

Is Solvency Certificate issued by Chartered Accountant valid in civil court matter?

Quick Summary

A solvency certificate is crucial for civil court matters, but it cannot be issued by a Chartered Accountant. Only a competent court of law or a Revenue Authority has the power to grant a legally valid solvency certificate. If you need clarification on obtaining a valid certificate, consult with legal professionals.

3 Replies

Adv. Mohit Chahal (Advocate) 26 March 2023

Dear Querist

All people are solvent unless declared insolvent by competent Court of law.

Feel free to contact for further clarifications.

Regards
Mohit Chahal
Advocate
District & Sessions Court, Hisar
Phone No. 9968911099

https://mohitchahaladvocate.business.site

....

1 Like

Advocate Bhartesh goyal (advocate) 26 March 2023

Chartered Accountant has no authoriy to issue insolvent certificate and such certificate has no value in eye of law such power vests to Civil Court or any Competent Court ..

1 Like