Certificates in India – Types, Information Required, Charges & UDIN Norms  

Introduction  

For many financial and compliance matters in India, a Chartered Accountant (CA) certificate is not just a formality but a mandatory requirement. Whether you are a startup applying for a bank loan, an exporter sending foreign remittances, or a company filing returns with the Registrar of Companies (ROC), a CA’s certification adds authenticity and credibility.

But to get a certificate from a CA, you must provide detailed supporting information. Let’s look at the key types of CA certificates, what information you need to submit, what CAs verify before signing, and the typical CA certificate charges in India.

Types of CA Certificates in India (with Information Required)  

1. Net Worth Certificate  

• Purpose: For bank loans, visa applications, investors.

• Information Required: Audited balance sheet, property documents, FD receipts, share/mutual fund statements, loan liability confirmations.

• What CA Checks: Ownership proofs, valuation basis, liabilities vs assets.

2. Turnover Certificate  

• Purpose: Tenders, government contracts, loan applications.

• Information Required: GST returns (GSTR-1/3B), sales ledgers, audited P&L.

• What CA Checks: Cross-verification with GST, consistency with financial statements.

3. Form 15CB (Foreign Remittance Certificate)  

• Purpose: Required under FEMA before sending money abroad.

• Information Required: Invoice/contract copy, purpose code, PAN, TRC (if DTAA), bank details.

• What CA Checks: Taxability under Income Tax Act, applicability of TDS, FEMA rules.

4. Working Capital Certificate  

• Purpose: For banks to sanction credit limits.

• Information Required: Trial balance, stock summary, debtors/creditors aging.

• What CA Checks: Liquidity, current assets vs liabilities.

5. Stock/Inventory Certificate  

• Purpose: For bank loans, valuation, and audit.

• Information Required: Stock register, purchase/sales invoices, physical stock statement.

• What CA Checks: Accuracy of valuation, reconciliation with books.

6. Solvency Certificate  

• Purpose: For contracts, tenders, or visas.

• Information Required: Assets and liabilities list, bank balance confirmations, title deeds.

• What CA Checks: Ownership documents, actual market value, outstanding loans.

7. Capital Infusion / Contribution Certificate  

• Purpose: To prove investment by promoters/shareholders.

• Information Required: Bank statements, share subscription forms, board resolutions.

• What CA Checks: Whether funds are actually received, compliance with Companies Act.

8. Fair Valuation of Shares Certificate  

• Purpose: For issue of shares, FDI, ESOPs.

• Information Required: Valuation report, audited accounts, shareholding structure.

• What CA Checks: Compliance with Companies Act & FEMA valuation norms.

9. DPT-3 Certification  

• Purpose: Annual return of deposits/loans filed with ROC.

• Information Required: List of loans, deposits, borrowings, audited financials.

• What CA Checks: Correct classification of borrowings and deposits.

10. Strike-Off Certificate of Accounts  

• Purpose: For closing a company under ROC rules.

• Information Required: Final audited accounts, nil bank balance statement, creditor NOC.

• What CA Checks: Pending liabilities, litigation status, complete closure.

11. GST Refund / ITC Reconciliation Certificate  

• Purpose: To claim refunds or verify ITC reconciliation.

• Information Required: GSTR-1, GSTR-3B, GSTR-2A/2B, export invoices, purchase bills.

• What CA Checks: ITC mismatch, eligibility of refund claim.

12. Tax Audit Report (Form 3CD)  

• Purpose: Mandatory under Income Tax Act for businesses crossing turnover thresholds.

• Information Required: Complete books, vouchers, loan schedules, TDS challans.

• What CA Checks: Disallowances, tax compliance, statutory payments.

13. Statutory Audit Report  

• Purpose: Required for companies and some LLPs under Companies Act.

• Information Required: Books, ledgers, statutory registers, agreements, invoices.

• What CA Checks: Compliance with accounting standards, disclosure requirements.

14. Special Purpose Certificates  

• Purpose: For subsidies, project finance, or government schemes.

• Information Required: Scheme guidelines, project expenditure details, invoices.

• What CA Checks: Whether expenses are eligible under scheme.

UDIN Norms for CA Certificates  

Since 2019, ICAI has made it mandatory for all CA certificates to carry a Unique Document Identification Number (UDIN). This helps regulators and banks verify authenticity on the ICAI portal and prevents misuse of fake certificates.

CA Certificate Charges in India  

CA certificate charges depend on type, complexity, and urgency:

• Basic certificates (net worth, turnover, stock): ₹3,000–₹10,000

• Form 15CB (remittance): ₹1,500–₹5,000 per transaction

• Tax/statutory audits: ₹25,000 upwards (entity size-based)

• Special purpose certifications: Based on hours, ₹5,000–₹50,000

Note: ICAI does not fix charges; fees are negotiated between client and CA.

Conclusion  

CA certificates are trust documents that help businesses, startups, and individuals prove financial and compliance accuracy before regulators, banks, and investors. Always prepare complete documentation in advance to reduce CA certificate charges and ensure smooth certification.

Suggested Read :

FAQs on Unique Document Identification Number (UDIN)

IT Department to Validate UDIN in Tax Audit Reports

All About Tax Audit under Section 44AB of Income Tax Act

Important Statutory Due Dates for Company Annual Filing FY 2019-20

Annual Filing Due Dates for Companies – FY 2018-19

FAQs on CA Certificates