Certification Services in Raipur

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Practice Index (7 Sections)

Practice Overview & Verification

Certification Services in Raipur — Statutory Scope

Chartered Accountancy advisory and audit services in Raipur, Chhattisgarh & Kalahandi, Odisha. Direct partner supervision ensuring full compliance with ICAI standards and applicable statutes.

In India's financial and regulatory ecosystem, major business decisions require an authoritative certificate from an independent practicing Chartered Accountant. Commercial banks require net worth and fund utilization certificates, government procurement portals (GeM / CSPDCL / PWD) mandate turnover and solvency certificates, foreign remittances require Section 195 withholding tax certificates, and state industrial subsidy claims require fixed capital investment (FCI) certifications.

Under the regulations of the Institute of Chartered Accountants of India (ICAI), every certificate issued by a practicing Chartered Accountant must carry a unique 18-digit Unique Document Identification Number (UDIN) generated on the ICAI portal, enabling third parties (banks, embassies, government departments) to verify the authenticity of the certificate in real time.

At Rabi Agrawal & Associates, we provide verified, evidence-backed CA certification services across Raipur and Chhattisgarh, issuing certificates in strict adherence to ICAI standards.

Statutory CA Financial Certificates & Regulatory Purposes

Overview of common statutory and commercial financial certificates issued by our practice:

CA Financial Certification Matrix & Statutory Verification Norms

Certificate Type	Statutory / Commercial Purpose	Governing Authority / Recipient	Verification Basis & Documents	ICAI UDIN Requirement
Net Worth Certificate	Bank loan sanction, director personal guarantee, embassy visa applications, IBC bidding	Scheduled Commercial Banks / Foreign Embassies / NCLT	Audited Balance Sheets, Title Deeds, Demat Statements, Mutual Fund portfolios, Bank Balances	Mandatory 18-Digit UDIN
Form 15CB (Foreign Remittance)	Withholding tax verification for cross-border remittances exceeding ₹5 Lakhs	Authorized Dealer Banks / Income Tax Dept (Sec 195 & Rule 37BB)	Foreign Invoice, Agreement, Tax Residency Certificate (TRC), Form 10F, DTAA treaty analysis	Mandatory UDIN & Online Filing
Turnover / Solvency Certificate	Government tender pre-qualification, PWD/CPWD contractor enlistment, GeM portal bidding	State/Central Tendering Authorities / CSPDCL / PWD	Filed ITR-V, GSTR-9/GSTR-3B returns, Audited Profit & Loss Statements	Mandatory 18-Digit UDIN
End-Use / Utilisation Certificate	Verification of bank loan disbursement, working capital utilization, government grant release	Lending Banks / Ministry Departments / State DIC	Bank account statements, supplier payment vouchers, purchase invoices, physical asset check	Mandatory 18-Digit UDIN
Fixed Capital Investment (FCI) Certificate	Claiming industrial capital & interest subsidies under CG Industrial Policy 2024–30	District Trade and Industry Centre (DTIC) / CSIDC	Land deed, civil engineer valuation, plant & machinery invoices, bank disbursement statements	Mandatory 18-Digit UDIN
RERA Form 3 & Form 5 Certificate	Withdrawal of funds from 70% escrow account & annual audit of real estate projects	Chhattisgarh RERA Authority / Escrow Bank	Project cost records, Architect Form 1, Engineer Form 2, Escrow bank statements	Mandatory 18-Digit UDIN

Certificate Type: Net Worth Certificate

Statutory / Commercial Purpose: Bank loan sanction, director personal guarantee, embassy visa applications, IBC bidding

Governing Authority / Recipient: Scheduled Commercial Banks / Foreign Embassies / NCLT

Verification Basis & Documents: Audited Balance Sheets, Title Deeds, Demat Statements, Mutual Fund portfolios, Bank Balances

ICAI UDIN Requirement: Mandatory 18-Digit UDIN

Certificate Type: Form 15CB (Foreign Remittance)

Statutory / Commercial Purpose: Withholding tax verification for cross-border remittances exceeding ₹5 Lakhs

Governing Authority / Recipient: Authorized Dealer Banks / Income Tax Dept (Sec 195 & Rule 37BB)

Verification Basis & Documents: Foreign Invoice, Agreement, Tax Residency Certificate (TRC), Form 10F, DTAA treaty analysis

ICAI UDIN Requirement: Mandatory UDIN & Online Filing

Certificate Type: Turnover / Solvency Certificate

Statutory / Commercial Purpose: Government tender pre-qualification, PWD/CPWD contractor enlistment, GeM portal bidding

Governing Authority / Recipient: State/Central Tendering Authorities / CSPDCL / PWD

Verification Basis & Documents: Filed ITR-V, GSTR-9/GSTR-3B returns, Audited Profit & Loss Statements

ICAI UDIN Requirement: Mandatory 18-Digit UDIN

Certificate Type: End-Use / Utilisation Certificate

Statutory / Commercial Purpose: Verification of bank loan disbursement, working capital utilization, government grant release

Governing Authority / Recipient: Lending Banks / Ministry Departments / State DIC

Verification Basis & Documents: Bank account statements, supplier payment vouchers, purchase invoices, physical asset check

ICAI UDIN Requirement: Mandatory 18-Digit UDIN

Certificate Type: Fixed Capital Investment (FCI) Certificate

Statutory / Commercial Purpose: Claiming industrial capital & interest subsidies under CG Industrial Policy 2024–30

Governing Authority / Recipient: District Trade and Industry Centre (DTIC) / CSIDC

Verification Basis & Documents: Land deed, civil engineer valuation, plant & machinery invoices, bank disbursement statements

ICAI UDIN Requirement: Mandatory 18-Digit UDIN

Certificate Type: RERA Form 3 & Form 5 Certificate

Statutory / Commercial Purpose: Withdrawal of funds from 70% escrow account & annual audit of real estate projects

Governing Authority / Recipient: Chhattisgarh RERA Authority / Escrow Bank

Verification Basis & Documents: Project cost records, Architect Form 1, Engineer Form 2, Escrow bank statements

ICAI UDIN Requirement: Mandatory 18-Digit UDIN

⚙️ Step-by-Step Procedure & Workflow

Foreign Remittance Certification: Form 15CA & Form 15CB

Before remitting funds abroad to a non-resident or foreign entity, Indian tax law mandates compliance under Section 195 of the Income-tax Act, 1961 read with Rule 37BB:

01
Taxability & DTAA Examination: Determining whether the foreign payment (royalty, FTS, machinery purchase, overseas software, commission) is taxable in India and evaluating Double Taxation Avoidance Agreement (DTAA) beneficial rates.
02
Document Verification: Reviewing foreign vendor invoice, agreement, Tax Residency Certificate (TRC) from host country, and Form 10F.
03
Form 15CB Issuance: The Chartered Accountant issues and uploads Form 15CB with UDIN on the income tax portal, certifying the applicable withholding tax rate (TDS).
04
Form 15CA Filing: The remitter files the electronic declaration in Form 15CA Part C linking the CA's Form 15CB acknowledgement.
05
Bank Execution: The Authorized Dealer bank processes the wire transfer (A2 Form) based on filed Form 15CA/15CB receipts.

⚠️ Statutory Penalty & Risk Advisory

ICAI UDIN Mandatory Authenticity Guarantee

Since February 1, 2019, the Institute of Chartered Accountants of India (ICAI) has made it mandatory for practicing Chartered Accountants to generate a Unique Document Identification Number (UDIN) for every certificate and audit report.

Recipients (banks, embassies, government departments, courts) can independently verify the authenticity of any certificate issued by our firm by visiting `udin.icai.org` and entering the 18-digit UDIN. Any financial certificate lacking a valid UDIN is treated as legally invalid.

Scope of Practice Services by CA Rabi Agrawal & Associates

We issue CA financial certificates strictly based on verified documentary evidence. We assist clients with net worth assessments, tender turnover compliance, bank loan drawing power certificates, export-import certifications, industrial subsidy FCI attestations, and cross-border remittance tax clearance.

📍 Pandri, Raipur Practice Headquarters

Consult CA in Raipur for Certification Services in Raipur

Visit our Head Office at GF-28, Shyam Plaza, Pandri, Raipur or connect directly with our Chartered Accountant partners for end-to-end advisory and statutory compliance.

🏛️ CA in Raipur Hub →📞 +91 86978 14116

What is a Net Worth Certificate and what documents are required?

A Net Worth Certificate is a certified financial statement showing total assets minus total liabilities of an individual or entity. Required documents include property registry deeds, bank balance statements, demat stock holdings, mutual fund statements, vehicle registration, and loan outstanding statements.

When is CA Form 15CB required for foreign remittances?

Form 15CB is required under Section 195 / Rule 37BB when an Indian entity or resident makes a foreign payment to a non-resident that is chargeable to tax in India and the annual remittance amount exceeds ₹5.00 Lakhs.

What is an ICAI UDIN and how can a bank verify it?

UDIN (Unique Document Identification Number) is an 18-digit system-generated number issued by the ICAI portal for every CA certificate. Any bank or third party can verify certificate details, CA name, and issue date at `udin.icai.org`.

Can a CA certify figures that differ from filed ITRs or audited books?

No. Under ICAI professional ethics regulations, a Chartered Accountant can only certify financial data that reconciles perfectly with filed tax returns, bank statements, and audited financial statements.

Direct Advisory & Partner Review