greenthinker Posted January 17, 2006 Share Posted January 17, 2006 hey ppl, I am from india ..... I heard that CA(charter accountants) are also eligible to give solvency certificates :confused: ..... Is this TRUE :hmm: .... Please tell me if U have done it or heard some1 else doing it ...... If possible can some1 give me a link for solvency certificate by CA... than in Advance:tup: Quote Link to comment Share on other sites More sharing options...
coolpaggy Posted January 19, 2006 Share Posted January 19, 2006 hey ppl, I am from india ..... I heard that CA(charter accountants) are also eligible to give solvency certificates :confused: ..... Is this TRUE :hmm: .... Please tell me if U have done it or heard some1 else doing it ...... If possible can some1 give me a link for solvency certificate by CA... than in Advance:tup: dear friend , A solvency certificate is a statment of your bank about you (client) stating that Mr/ms AAAA is solvent upto (for) the amount of $$$$. Your bank can arrive at this conclusion by referring to your (sponsorers) account and clubbing your (sponsorers) Fixed deposits (CD) and saving deposits plus your government bonds and property (movable/immovable). The Banker will issue a cetificate of solvency based on and to the amout that you (or sponsor) poseeses either in liquid or as a fixed assets. If you need to tweak things a bit, and your banker is reluctant to issue you a solvency certificate solely based upon your records, then you can seek refuge to a CA and in turn he might communicate with the bank on you behalf and help you in getting a certificate. ( and get fees for his job) but a word of caution from an experienced person : You can get a solvency certificate by hook or by crook in India, if you are bent on it. But ensure that you really have the funds (it gives me a feeling that you are a bit short) if you do not get funded for your pogram it could land you in susequent semesters. There is a good facility for student loan at all nationalised banks back home in india, check that out. I had availed a loan of Rs 4 lac (as uptil that amount you need no mortgage gurantor etc), but I got funded and I need no disburse the loan now. It was a long post i hope you bother to read it full. Quote Link to comment Share on other sites More sharing options...
greenthinker Posted January 20, 2006 Author Share Posted January 20, 2006 Yes coolpaggy i have read both of ur post ...this one and tution fee too ... the thing is that my deadlines are up and i was too lazy to get it done faster ........... and now the bank says it will take 15 days more .... so i was not meeting up my deadline ....so was asking for CA information ... if CA could do it without bank permission it would have been faster ...... THnx for the information Quote Link to comment Share on other sites More sharing options...
coolpaggy Posted January 20, 2006 Share Posted January 20, 2006 time is precious. next time anticipate all the delays and work in advance. all the best for your future plans. Quote Link to comment Share on other sites More sharing options...
greenthinker Posted January 20, 2006 Author Share Posted January 20, 2006 Thnx man Quote Link to comment Share on other sites More sharing options...
coolpaggy Posted January 20, 2006 Share Posted January 20, 2006 your welcome where in India are you ?? you seem online ! it must be night back home !!! Quote Link to comment Share on other sites More sharing options...
greenthinker Posted January 21, 2006 Author Share Posted January 21, 2006 am from mumbai ..... done with solvency and affidaivit ....... now ready for applies ... still to find courier ( proably DHL) and arrange a proper file ... thats it ....... wish me luck Quote Link to comment Share on other sites More sharing options...
shrenik2004 Posted November 24, 2010 Share Posted November 24, 2010 (edited) hi friends i was planning for us in fall 2011 however my bank is not issuing me a solvency certificate what should i do pls reply here or on my mail CONTACT DETAILS DELETED BY MODERATOR. Please use Test Magic messaging system. Edited November 24, 2010 by wasleys Quote Link to comment Share on other sites More sharing options...
GuptaG Posted March 13, 2014 Share Posted March 13, 2014 Hey hello.. Though I don't know you....But I would really appreciate if you could provide me the format of Solvency certificate to be issued to a Company by a Practicing Chartered Accountant. Quote Link to comment Share on other sites More sharing options...
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