Certifications

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, AJSH also assists in obtaining a share valuation
  report

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 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 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.

As per Section 92(2) read with relevant rules of the Companies (Management and administration) Rules, 2014, in following cases annual return of a company is required to be certified by a practicing Company Secretary in the Form No. MGT-8:

• Listed Company, or
• A company having a paid up share capital of Rs. 10 Crores or more, or
• A company with a turnover of Rs. 50 Crore or more

Certify compliance of requirement under Schedule XIII

CS Certificate under FEMA Regulations

Verification of declaration in Form 19, 20 and 20A for compliances to commencement of businesses.

Certification as per the Guidelines on consortium arrangements/ multiple banking arrangements issued by RBI.

Due Diligence Report of the Company