CA Certificates & UDIN Services

"CA certificate" is an umbrella term for attestations a practising Chartered Accountant issues after examining an entity's books, and each type is triggered by a different regulatory or contractual requirement rather than a single statute. Common categories include: Net Worth Certificates (computed per Schedule III of the Companies Act, 2013, used for bank loan sanctions, tender eligibility, and visa/immigration proof of funds); Turnover Certificates (annual turnover certified from audited accounts or GST returns, required for government tenders such as GeM/CPWD empanelment and MSME classification); Debt Service Coverage Ratio (DSCR) and CMA-data certificates (required under bank loan covenants and RBI's prudential lending norms for term-loan sanction and renewal); and Form 15CB certificates under Section 195 of the Income-tax Act, 1961, read with Rule 37BB of the Income-tax Rules, which a CA must issue before an outward foreign remittance exceeding the prescribed threshold can be reported in Form 15CA — this is the certificate most directly tied to RBI/FEMA cross-border remittance compliance, confirming applicable TDS deduction and DTAA treatment.

Every certificate a full-time practising CA signs must carry an 18-digit Unique Document Identification Number (UDIN), mandated by ICAI in a phased rollout: all certificates from 1 February 2019, GST and tax audit reports from 1 April 2019, and all other audit, assurance and attestation functions from 1 July 2019. Certificates issued without a valid UDIN are liable to be treated as invalid by banks, regulators and embassies, and non-compliance exposes the signing member to ICAI disciplinary proceedings. Because the underlying trigger (loan covenant, tender condition, FEMA remittance, immigration requirement) differs by certificate type, the applicable format, supporting schedules and specific regulatory citation are confirmed case by case at engagement scoping.

CA certificates are the attestation documents a chartered accountant issues for banks, regulators, courts and counterparties — net worth certificates, remittance certificates, turnover certificates, solvency certificates, and the reports prescribed by statute. The most common statutory one is Form 15CB, the certificate an authorised dealer needs before a resident remits money abroad, issued under Section 195(6) of the Income Tax Act 1961 read with Rule 37BB of the Income-tax Rules 1962. Every attestation document signed by a chartered accountant must carry a UDIN — the Unique Document Identification Number — under the framework of the Institute of Chartered Accountants of India (ICAI), so that any certificate can be verified by its number on the ICAI portal.

Certificates are the currency of the attestation system. A bank lends against a net worth certificate; an authorised dealer releases a remittance against Form 15CB; a court accepts a chartered accountant's valuation; a tender committee accepts a turnover certificate. The person relying on the certificate is not the client — it is the third party who checks the UDIN and the signature, which is why the work behind the certificate must be as careful as an audit.

The failure mode is issuing (or accepting) a certificate without the underlying work. A certificate issued without UDIN is, under the ICAI framework, a defect that discredits it; a certificate issued on unverified figures exposes both the certifier and the person relying on it. For the client, a missing or incorrect certificate is a transaction that simply does not close — a remittance held up, a loan stalled, a tender rejected.

This service is for individuals, companies and institutions needing CA certificates — Form 15CB for remittances, net worth and solvency certificates for banks and funds, turnover certificates for tenders, and the statutory certificates under the tax and company law framework. We do the underlying verification, issue the certificate with the required UDIN, and stand behind it when the recipient checks.