SEBI, IRDAI, RBI and banks: CA certificates
Net worth for intermediaries, IPO certificates, NBFC certificates and certificates given by bank and insurer auditors.
Certificates in this group
- Net worth certificate for a SEBI intermediary
- Accredited investor certificate
- IPO, ICDR and LODR certificates
- Net worth certificate for an IRDAI intermediary
- NBFC net owned fund and principal business certificate
- Net worth certificate for a payment aggregator or PPI issuer
- DoT AGR or ISP net worth certificate
- RBI statutory auditor certificate for NBFCs
- Liquid asset certificate under section 45-IB of the RBI Act
- Certificates by statutory auditors of banks
- Certificates by statutory auditors of insurance companies
- Additional certification by concurrent auditors
- Physical verification of securities (treasury concurrent audit)
- Short sale of securities (treasury concurrent audit)
Net worth certificate for a SEBI intermediary
States net worth for registration or renewal as a broker, investment adviser, research analyst, PMS or AIF manager.
- Who asks
- SEBI and stock exchanges
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- SEBI or exchange format for the certificate
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Accredited investor certificate
The CA certificate supporting accreditation as an accredited investor.
- Who asks
- The accreditation agency, for SEBI
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (4)
- PAN and Aadhaar of the applicant
- Proof of each asset: property documents, investment and deposit statements
- Loan statements showing outstanding balances on the certificate date
- Income-tax returns with computations for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Net worth certificate for an IRDAI intermediary
States net worth for registration or renewal of an insurance intermediary.
- Who asks
- IRDAI
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- IRDAI format for the certificate
The CA confirms the final list when you start. No certificate is issued on provisional figures.
NBFC net owned fund and principal business certificate
Certifies net owned fund and the 50-50 principal business test for an NBFC.
- Who asks
- The RBI
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Break-up of financial assets and income
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Net worth certificate for a payment aggregator or PPI issuer
States net worth for RBI authorisation of a payment aggregator or prepaid payment instrument issuer.
- Who asks
- The RBI
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (2)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
The CA confirms the final list when you start. No certificate is issued on provisional figures.
DoT AGR or ISP net worth certificate
Certifies adjusted gross revenue or net worth for a telecom or internet service licence.
- Who asks
- The Department of Telecommunications
- Typical turnaround
- 3–10 working days after complete documents
- UDIN category
- Certificates: Others
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- Licence terms and DoT format
The CA confirms the final list when you start. No certificate is issued on provisional figures.
Given as part of an audit or appointment
IPO, ICDR and LODR certificates
By appointmentCertificates for a public issue and for continuing listing compliance, including KPI and tax-benefit certificates.
- Who asks
- SEBI, stock exchanges and merchant bankers
- Typical turnaround
- 3–10 working days after complete documents
- Basis
- SEBI ICDR and LODR Regulations
- UDIN category
- Certificates: Certificates in relation to initial Public Issue/compliances under ICDR and LODR
Documents to keep ready (3)
- PAN and registration or incorporation documents of the entity
- Audited financial statements for the years covered
- The offer document draft or the LODR requirement
The CA confirms the final list when you start. No certificate is issued on provisional figures.
RBI statutory auditor certificate for NBFCs
By appointmentThe certificate an NBFC's statutory auditor gives to the RBI.
- Who asks
- The RBI
- Typical turnaround
- 5–20 working days after complete documents
- UDIN category
- Certificates: RBI Statutory Auditor Certificate for NBFCs
Liquid asset certificate under section 45-IB of the RBI Act
By appointmentCertifies the liquid assets an NBFC maintains under section 45-IB of the RBI Act.
- Who asks
- The RBI
- Typical turnaround
- 1–2 working days after complete documents
- Basis
- Section 45-IB, RBI Act
- UDIN category
- Certificates: Certificate of Liquid Asset U/S 45-IB of RBI Act, 1945
Certificates by statutory auditors of banks
By appointmentCertificates a bank's statutory auditor gives as part of the audit appointment.
- Who asks
- The bank and the RBI
- Typical turnaround
- 5–20 working days after complete documents
- UDIN category
- Certificates: Certificate issued by Statutory Auditors of Banks
Certificates by statutory auditors of insurance companies
By appointmentCertificates an insurer's statutory auditor gives as part of the audit appointment.
- Who asks
- The insurer and IRDAI
- Typical turnaround
- 5–20 working days after complete documents
- UDIN category
- Certificates: Certificate issued by Statutory Auditors of Insurance Companies
Additional certification by concurrent auditors
By appointmentCertification by a bank's concurrent auditor outside the concurrent audit assignment.
- Who asks
- The bank
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Additional Certification by Concurrent Auditors not forming part of concurrent audit assignment
Physical verification of securities (treasury concurrent audit)
By appointmentCertificate of physical verification of securities by the concurrent auditor of a bank's treasury.
- Who asks
- The bank
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Certificate of physical verification of securities issued by Concurrent Auditors of Treasury Department of Banks
Short sale of securities (treasury concurrent audit)
By appointmentCertificate on short sale of securities by the concurrent auditor of a bank's treasury.
- Who asks
- The bank
- Typical turnaround
- 1–2 working days after complete documents
- UDIN category
- Certificates: Certificate of Short Sale of securities issued by Concurrent Auditors of Treasury Department of Banks
Common questions
Which certificates are in the sebi, irdai, rbi and banks group?
Net worth certificate for a SEBI intermediary; Accredited investor certificate; IPO, ICDR and LODR certificates; Net worth certificate for an IRDAI intermediary; NBFC net owned fund and principal business certificate; Net worth certificate for a payment aggregator or PPI issuer; DoT AGR or ISP net worth certificate; RBI statutory auditor certificate for NBFCs; Liquid asset certificate under section 45-IB of the RBI Act; Certificates by statutory auditors of banks; Certificates by statutory auditors of insurance companies; Additional certification by concurrent auditors; Physical verification of securities (treasury concurrent audit); Short sale of securities (treasury concurrent audit).
How long do these certificates take?
Typical turnaround after complete documents: 1–2 working days for simple balance-sheet or bank certificates; 3–10 working days for dgft, rera and valuation certificates; 5–20 working days for audit reports. These are typical ranges, not statutory periods.
Who signs the certificate and how is it verified?
The Chartered Accountant signs with a Class-3 DSC and generates a UDIN on the ICAI UDIN portal. The bank or authority can verify the UDIN at udin.icai.org.
Why are some certificates marked "By appointment"?
IPO, ICDR and LODR certificates; RBI statutory auditor certificate for NBFCs; Liquid asset certificate under section 45-IB of the RBI Act; Certificates by statutory auditors of banks; Certificates by statutory auditors of insurance companies; Additional certification by concurrent auditors; Physical verification of securities (treasury concurrent audit); Short sale of securities (treasury concurrent audit): these are given as part of an audit or appointment, so they start with a conversation rather than an online request.