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Get Solvency Certificate
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How to fill out the Solvency Certificate online
Filling out a solvency certificate online is a straightforward process that requires careful attention to detail. This guide will provide you with step-by-step instructions to ensure you complete the form effectively.
Follow the steps to accurately complete the solvency certificate form.
- Click the ‘Get Form’ button to obtain the solvency certificate form. This action will allow you to access the document in an editable format.
- Begin by filling in your full name in the space provided for 'Affidavit of Sh. ____________________'. Ensure to include your father's name and residential address in the respective sections.
- Indicate the property number you are claiming ownership of or your share percentage in the designated fields. State the current market value of your property or your share in Rupees.
- Affirm that the property you mentioned is free from all encumbrances. This statement is crucial as it demonstrates that there are no legal claims against the property.
- In the next statement, you must declare that you will not sell or hypothecate the property while the solvency certificate is in effect. This commitment is essential for ensuring the integrity of the certificate.
- Confirm that you have not acted as a surety for anyone in any court, either in Delhi or outside. This information is necessary for assessing your financial obligations.
- Declare that you are a taxpayer, specifying that you pay income tax and wealth tax, along with the name of the Deputy Commissioner of Income Tax who assesses you.
- State that you have never faced conviction for any bailable or non-bailable offense, affirming your clean legal record and confirming that you owe nothing to the government.
- At the end of the form, you will find a section for verification. Include the date and place of verification, then sign in the designated area as 'Deponent' to validate your affidavit.
- Once all fields are completed, ensure you review your entries for accuracy. You can then save changes, download the form, print it, or share it as required.
Start filling out your solvency certificate online today for a smooth and efficient process.
This certificate may be required as a condition to closing to ensure the loan parties will be solvent before and after the transaction is completed and to deny any fraudulent conveyance claims. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.
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