How to Obtain a Solvency Certificate In India

Obtain a Solvency Certificate In India By Yourself

Apply via CSC:Applicant will seek a solvency certificate through the state’s Revenue Department. Through CSC

  • Follow the link below to locate the centre. Link
  • Visit the appropriate office.
  • Applications are available by contacting the authorities.
  • Link to download application form Link
  • Complete the application and submit it together with all the necessary documents to the person in the center.
  • Operator will review the information and begin to process the online via the computer.
  • The applicant will be provided with an ID number for each transaction that the application submitted. Keep it safe to use in the future.
  • The application will be handled by the relevant department in accordance with the manner it is processed in the individual.

The applicant will be notified of the status of his phone number when submitting the application. The applicant will receive the certification as soon as they are notified.

Required Documents For Obtain a Solvency Certificate

  • Application form.
  • Address proof
  • Identification Documents
  • Documentation of Date of Birth
  • A valid proof of the applicant’s legitimacy
  • Statement of bank (savings/current) on the letterhead of the branch
  • Property document
  • Residence certificate
  • Tax returns for income
  • Recent Form F/Land Receipts for Revenue
  • Audited financial statements (companies/partnership firms)
  • Another investment option
  • Certificate of encumbrance on the property, in its original form, obtained from the Sub-Registrar’s office over 13 years.
  • Value statement of the latest Guideline (to calculate the value for the property)
  • Certificate of liability amount
  • Mortgage certificate
  • Tax receipt for property tax as well as Land Revenue Receipt
  • Chitta or Patta
  • Building value
  • Lease agreement
  • Affidavit that proves the details that are stated in the document are accurate.
  • Self-declaration by the applicant
  • Photographs of passport size
  • Ration card
  • Aadhaar Card

Note:

  • Original and copy of originals with self-attestation as per the instructions of authorities concerned to be filed according to the requirement.
  • Other than the documents mentioned above, authorities could request additional documents or information. You must provide them to process.

Office Locations and Contacts

Delhi Development Authority,
Barapullah Rd, beside SBI Bank,
Aviation Colony, INA Colony,
New Delhi, Delhi 110023
Phone: +91 011 2469 0431
Link to Contact Link for Contact

Eligibility

  • The applicant must be a resident of the state
  • Citizen of India
  • Potential Contractors and their Goverants (Central, State Government or Local Bodies)
  • Anyone from whom asolvency certificate is required by the regulations in any particular department (Central and State Government).

Fees

  • Authorities will announce fee details.
  • When you pay online, the fee details will be shown (If applicable)

Validity

The validity period is six months beginning from when the certificate was issued or the date indicated on the certificate.

Instructions

  • Solvency certificates shouldn’t be issued in the context of assets that cannot be sold or attached.
  • In the event that an application gets denied The reasons behind the rejection will be made clear to the applicant.

Requirements Information

  • Name of the applicant
  • Name of father
  • Address

Documentation is needed

  • Solvency certificates are evidence of the financial integrity of the person to who the certificate was issued.
  • Solvency certificates are required in order to get contracts and also to participate in auctions or tender.
  • Different Government and semi-Government office require a solvency certificate as proof of certainty.

Information that could be helpful

  • Do not provide false certification of information to obtain this certificate. This could lead to a reprimand.
  • Make sure to check spelling of your name when you apply.

Source:

Link

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