Get India Reserve Bank Format Of Statutory Auditors Certificate (sac) 2021-2025

This guide offers a comprehensive overview of how to accurately complete the Statutory Auditors Certificate (SAC) required by the Reserve Bank of India. Adhering to these instructions will ensure that your submission is thorough and compliant with regulatory standards.

Follow the steps to complete the form correctly.

1. Press the ‘Get Form’ button to access the Statutory Auditors Certificate form and open it in the editor.
2. Begin by entering the name of the company in the designated field at the top of the form.
3. Provide the Certificate of Registration Number associated with the company.
4. Fill in the Registered Office Address and then follow with the Corporate Office Address.
5. Indicate the layer under which the Housing Finance Company (HFC) has been identified by the Reserve Bank of India, selecting from the options provided.
6. Input the Net Owned Fund amount in ₹ Crore.
7. Report the Total Assets in ₹ Crore.
8. Provide the Asset-Income Pattern information. For section a, state the percentage of financial assets to total assets. For section b, indicate the percentage of income derived from financial assets to gross income.
9. Complete the Principal Business Criteria section with the required percentages concerning housing finance based on the criteria outlined.
10. Determine if the company holds any Public Deposits as of March 31, and answer Yes or No. If Yes, include the amount in ₹ Crore.
11. Answer whether the company has transferred the prescribed amount from its Net Profit to the Reserve Fund, citing Yes, No, or Not Applicable. If Yes, provide the amount in ₹ Crore.
12. Indicate whether the company has received any Foreign Direct Investment (FDI) and whether it has complied with minimum capitalization norms. Also, confirm if there has been any takeover or change in management requiring prior RBI approval.
13. Finally, check the box confirming a separate report has been prepared for the Board of Directors and that you have reviewed the relevant paragraphs of the regulations. Ensure all data provided is accurate, reflecting the examination of books and records.
14. Complete the document by including the signature and stamp of the Statutory Auditor, along with the date and place of signing.

Encourage users to complete the Statutory Auditors Certificate online to ensure efficient management of their documentation.