Net worth certificate — when you need one, who can sign it, and how Proprify issues it
Net worth certificates are required for govt tenders, GeM registration, bank guarantees, and some investor-visa applications. Here's the breakdown.
A net worth certificate sums up the financial standing of an individual or company — assets minus liabilities — as of a specific date, certified by a chartered accountant. When it includes property as the major asset, the property values must come from a Registered Valuer.
When do you need one?
- Govt tender eligibility (most public-sector tenders ask for a net worth ≥ 50% of project value).
- GeM (Govt e-Marketplace) seller registration above ₹50 lakh tier.
- Bank guarantee or LC limit application.
- Investor-visa applications (US EB-5, UK Tier 1, Canada Startup, Australia 188).
- Settlement of dispute, mediation, or family arbitration.
Who can sign it?
The certificate itself is signed by a Chartered Accountant (CA) under ICAI Guidance Note on Reports of Audit. But the property values in the certificate must be backed by a Registered Valuer's report — either IBBI or Form N depending on what the asking authority accepts.
How fast?
Proprify bundles the Govt-Registered-Valuer report + CA certification in a single 24-hour Express service. You upload your asset list (properties, FDs, mutual funds, gold, vehicles) and liability list, we send a valuer to inspect each property, and the signed CA certificate lands in your inbox the next day.