answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can a solvency certificate be issued by a CA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Is there any validity period for solvency certificate issued by a nationalised banks?

1 year


What solvency certificate contains?

i want an model of solvency certificate


What is the use of solvency certificate?

A solvency certificate is a basically a representation as to the solvency of the entity which issues it.Although the solvency certificate has little use against the entity that issues it (either the entity is solvent or it is not - issuing a certificate which wrongly states the position will not change anything), a party relying upon a solvency certificate can sometimes protect themselves against third parties.For example, in many jurisdictions, if a company enters into an undervalue transaction whilst it is insolvent, the liquidator can subsequently apply to have the transaction set aside. However, if an individual demonstrated that they acted in good faith and did not know that the company was insolvent, the court may not be prepared to set the transaction aside. Showing that they relied upon a solvency certificate is a good way to demonstrate that they made proper inquiries and believed the company to be solvent.


What does solvency certificate means in term of pvt company?

Private Company you fool.


What do you mean by bank solvency certificate?

The ability of a corporation to meet its committed expenses is called solvency. In finance or business, solvency is the ability of an entity to pay its contractual liability. Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth. The better a company's solvency, the better it is financially. When a company is insolvent, it means that it can no longer operate and is undergoing bankruptcy. It is essential to know the financial status of a firm submitting its offer against a bid in order to know its financial ability and for that banks issues Solvency Certificate, which is based on the company's financial position and financial data available to the bank. The bank indicates in the certificate whether the bidder/ firm is capable to meet the financial liability under the bid or not.

Related questions

Is there any validity period for solvency certificate issued by a nationalised banks?

1 year


What solvency certificate contains?

i want an model of solvency certificate


What is a solvency certificate?

A solvency certificate for an individual is commonly issued by the bank and a company solvency certificate usually released by the directors. Solvency discusses the capacity to meet the company's long-term responsibilities through its operation. The answer depends on whether this is in relation to an individual (natural person) or a company (legal person), but in general, it is a document that attests to the "solvency" of that person - i.e. that their assets exceed their liabilities. A solvency certificate for an individual is sometimes issued by their bank, while a solvency certificate for a company is sometimes issued by their auditors or their directors. These certificates may be required by actual or potential creditors to the person in question. Solvency refers to a company's ability to meet its long-term obligations through its operations. It is often confused with liquidity, which refers to a firm's ability to meet its financial obligations with cash and short-term assets it currently holds. A company may be illiquid but solvent; meaning that they are starved of cash (and no one will give them cash), but have long-term assets that are valuable enough to meet obligations in the long-term.


How do you get state bank solvency certificate and to whom it ias applicable?

To get the state bank solvency certificate you have to make an application to the bank manager of a given bank. The certificate is applicable to stable business establishments.


What is the basis for issuing Solvency Certificate by the Banks?

for cort


When are certificate authorities issued?

When a certificate authority receives a certificate request, it issues a new certificate as a temporary placeholder for a CA-issue certificate. For more information, see the personal certificate commands


What is the meaning of a CA in relation to Microsoft?

The meaning of CA in relation to Microsoft is Certificate Authority. It is a type of certificate issued by Microsoft to allow other types of programs to be marked as safe for users.


What is the use of solvency certificate?

A solvency certificate is a basically a representation as to the solvency of the entity which issues it.Although the solvency certificate has little use against the entity that issues it (either the entity is solvent or it is not - issuing a certificate which wrongly states the position will not change anything), a party relying upon a solvency certificate can sometimes protect themselves against third parties.For example, in many jurisdictions, if a company enters into an undervalue transaction whilst it is insolvent, the liquidator can subsequently apply to have the transaction set aside. However, if an individual demonstrated that they acted in good faith and did not know that the company was insolvent, the court may not be prepared to set the transaction aside. Showing that they relied upon a solvency certificate is a good way to demonstrate that they made proper inquiries and believed the company to be solvent.


What is Certifecate revocation list How is it used to validate digital certificates?

The Certificate Revocation List (CRL) is a list of certificates that were issued by a Certificate Authority (CA) and then subsequently revoked. The validator of a certificate is expected to search the CRL for that CA before accepting the certificate as valid.


What actions must you perform before you can start ADCS on the subordinate CA?

Access the CertEnroll folder Select the certificate issued by the root CA for the subordinate CA and open it


What does solvency certificate means in term of pvt company?

Private Company you fool.


What is a Class 3 Public Primary Certification Authority?

Cross-Certificates OverviewA cross-certificate is a certificate issued by one Certificate Authority (CA) that signs the public key for the root certificate of another Certificate Authority. Cross-certificates provide a means to create a chain of trust from a single, trusted, root CA to multiple other CAs.