A net worth certificate is a CA-certified statement of total assets minus total liabilities on a stated date, used for visas, loan guarantees, tender eligibility, SEBI registration, and immigration. Only a practicing Chartered Accountant with a valid ICAI Certificate of Practice can issue one, and every valid certificate carries an 18-digit UDIN. TaxLegit issues certificates for individuals, companies, and NRIs, backed by document verification and fixed pricing.
What's Current in 2026
- ICAI's Handbook on Certificates by Chartered Accountants (October 2025 edition) now sets a 12-format checklist covering net worth statements, tightening the procedural steps a CA must follow before signing one.
- UDIN has been mandatory for all CA-issued certificates since it was fully rolled out phased in from February 2019 and mandatory for every certificate type by 1 July 2019. A certificate without a valid UDIN can be rejected outright.
- SEBI's net worth threshold for Portfolio Managers is currently ₹5 crore. Still, SEBI issued a consultation paper proposing to cut this to ₹2 crore not yet in force as of this writing, so don't quote the lower figure until it's notified.
- SEBI Investment Adviser registration for corporates no longer uses a fixed net worth test a December 2024 amendment replaced it with a deposit-based system administered by BSE's IAASB, so a net worth certificate alone won't satisfy a corporate IA application anymore.
What Is a Net Worth Certificate?
A net worth certificate is a formal attestation, issued by a practicing chartered accountant, stating that an individual's or entity's net worth total assets minus total liabilities is a specific figure as of a specific date. It is used wherever a bank, embassy, regulator, or tender board needs independent proof of financial capacity rather than a self-declared statement.
For companies, "net worth" has a statutory definition under Section 2(57) of the Companies Act, 2013: paid-up share capital plus all reserves created from profit and securities premium, minus accumulated losses and deferred or miscellaneous expenditure not written off a formula that excludes revaluation reserves. Individual net worth is computed more simply as the CA's verified total of personal assets (bank balances, investments, property, and business capital) less personal liabilities (loans, credit card dues, and other obligations).
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