Net Worth Certificate of Individual & Company
Net worth of an individual or an Enterprise is the total assets of the individual or Enterprise less total liabilities. Net worth thus gives a good indication of the total financial worth of a person at a point in time. Positive net worth that is growing year on year shows good financial health; conversely, a negative net worth or net worth decreasing year on year shows poor financial health. Net worth is used as an indicator of financial health in various processes.
Net worth certificate is a document that is compiled and certified usually by a Chartered Accountant taking into consideration all the assets and liabilities of the individual or Enterprise. Net worth Certificate maybe required as a part of an application for the decision maker to gauge the financial health of the applicant. Net worth certificate from a Chartered Accountant is commonly required as a part of visa application, bank loan application, franchisee application and more.
Get the Net Worth Certificate for Visa, Loan, Franchisee or any other purposes delivered in no time!
It usually takes 1 to 2 working days.
- Certifications & Attestations of documents.
- Any Individual or Business planning to apply for Bank Loan, Visa, Franchisee, etc
- Purchase of plan
- Upload documents
- Verification of documents
- Attesting & Certifying
- Documents along with supporting that needs to be attested or certified.
All you need to know about Net Worth Certificate from a Chartered Accountant!
Service Price Options Of Net Worth Certificate
Process for Issuing Net Worth Certificate
Preliminary Documents Checklist
Process Flow After Documents
→ Submit the Documents as per Checklist
→ Documents are verified by CA
→ Net-worth Certificate Draft copy is Shared over E-Mail
→ After Approval Unique Identification Number (UDIN) is generated with ICAI for Authenticity of the Certificate.
→ Final CA Certified copy is issued
Reasons For Obtaining Net Worth Certificate
Reasons For Obtaining Net Worth Certificate
Who Certifies Net Worth Certificate in India?
In India, Only Practicing Chartered Accountant (CA) Certify Networth Certificate for VISA. Certificate must quote the UDIN (Unique Document Identification Number) Duly Generated by Chartered Accountant for Online Authentication of Networth Certificate. Also Seal of CA and Sign of CA required with Date and Place of Singing of Networth Certificate.
What are the checklist conditions of the Net Worth Certificate for visa applications?
- Networth certificate for visa applications helps determine the financial health of applicants.
- On the basis of networth certificate issuance of visa is determined.
- Similarly, a franchisee application also requires a networth certificate for determining the economic capability of the applicant, to conduct business.
How to acquire a Net Worth Certificate?
What are the documents required for preparing a Net Worth Certificate?
- Fixed Assets (Both Movable & Immovable)
- Pledged securities.
- Intangible assets.
- Bank balance.
- Investments in shares/ mutual funds.
- Capital involved in Business.
- Vehicles, etc.
What can be included in Net Worth Certificate?
Value of Immovable Assets
Value of Movable Assets
- Bunglow / Plot
- Appartment / Flats for Residence
- Agriculture Land/ other Land
- Office/ Commercial Spaces etc
- Attached Furniture etc.
- Other Immovable Property/Assets
- Bank Balance / FD's / Mutual Fund / Shares etc
- Vehicle (Car, Bike, Bus, Plane, etc)
- Gold Ornaments, Diamonds, Metal Etc
- Book Value of Sundry Debtors, Stock, Assets etc.
- Realization Value of Life Insurance, Investments etc
- Other Monetary Assets
Sample of Net Worth Certificate
