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At MAS, qualified chartered accountants can assist you in obtaining certificates and their final submission to the concerned authority

Share Valuation Certificate
Variable quantitative techniques are used for valuing shares of a company. Being listed on a stock exchange, public company’s share value can be easily identified but this is not the case of private companies hence, a valuation of shares is critical and challenging. Each entity is mandatorily required to obtain share valuation certificate from any chartered accountant / company secretary / cost accountant etc. for the following purposes:

  • Compromises, arrangements and amalgamations
  • Issuance of sweat equity shares
  • Issuance of shares to a non-resident or foreign company
  • Purchase of minority share holding
  • Proposing preferential offer
  • Winding up of a company

With reference to above mentioned certificate, MAS also assists in obtaining a share valuation report.

15CA / 15CB
Remittance or payment made by a person to a non-resident or a foreign company necessitates submission of Form 15CA online. Under certain circumstances, a certificate from a chartered accountant in Form 15CB is required before uploading Form 15CA online, certifying details of the payment, TDS rate and TDS deduction as per section 195 of the Income Tax Act. Such remittances made on one’s behalf to a non-resident require these certificates to be furnished to banks.

Net Worth Certificate
Net worth is computed when the total liabilities of an individual or enterprise are deducted from the total assets. Condition of the cumulative financial worth of an individual or enterprise at a point in time is computed by its respective net worth. Net worth is used as an indication of financial health of an enterprise in various processes. Such a certificate is an arrangement compiled and certified by a chartered accountant after taking all assets and liabilities into account. It is generally used as a part of visa application, bank loan application, franchise application, etc.

Turnover Certificate
Turnover is defined as the sum total of all business activities that a company does in a period of time. Comparison between the inflows with the outflows of funds is evaluated and whether the entity is earning profits or incurring losses is established. Genuinity of transactions is taken into account before issuing turnover certificate. Participation in tenders is one such situation which requires turnover certificate.

FAQs

Who can issue a share valuation certificate?

Variable quantitative techniques are used for valuing the shares of a company. Being listed on the stock exchange, a public company’s share value can be easily identified, but this is not in the case of private companies, any company which is not a start-up India registered and issuing equity shares/preference shares as rights issue under section 62(1) (a) (rights issue) of the act either to person residents in India or person residents outside India, then valuation report from merchant banker is sufficient.

How much time do you need to value my shares?

Once all the required information is provided to us, the share valuation process and valuation certificate issuance may take 2 to 3 weeks.

What services do you offer under 15CA/ 15CB?

Remittance or payment made by an individual to a non-resident or a foreign company necessitates submission of form 15CA online. Under certain circumstances, we provide a certificate in form 15CB, which is needed before uploading form 15CA online, certifying details of the remittance, TDS rate and TDS deduction as per section 195 of the income tax act. Such payments made on one’s behalf to a non-resident require these certificates to be furnished to banks.

What is a net worth certificate?

Net worth is calculated when the total liabilities of an individual or enterprise are deducted from the total assets. The condition of the cumulative financial worth of an individual or enterprise at a point in time is determined by its respective net worth. Net worth is used as a sign of the financial health of an enterprise in multiple processes. Such a certificate is an arrangement collaborated and certified by a chartered accountant after taking all assets and liabilities into account. It is generally utilized as a part of visa applications, bank loan applications, franchise applications, etc.

Is UDIN required for a net worth certificate?

It is necessary to obtain UDIN for all certificates issued where the financial details/related contents are certified as true and fair / true and correct.

What is a turnover certificate?

Turnover is defined as the total of all business activities that a company does in a period. Differentiation between the inflows with the outflows of funds is evaluated, and whether the entity is obtaining profits or suffering from losses is established. Genuinity of transactions is taken into account before issuing a turnover certificate. Participation in tenders is one such situation that requires a turnover certificate.

What services do you offer under certification?

At MAS, our qualified accountants can assist you in obtaining certificates and their final submission to the concerned authority.