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PRAMOD BHARAMBE   25 March 2023

Solvency certificate

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


 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.

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

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

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.

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