Is Solvency Certificate issued by Chartered Accountant valid in civil court matter?
Adv. Mohit Chahal (Advocate) 26 March 2023
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 ..
kavksatyanarayana (subregistrar/supdt.(retired)) 26 March 2023
Yes. The CA cannot issue a solvency certificate and it shall be obtained from Revenue Authority or any court.