, Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs ~ CS GAURAV SHARMA

June 24, 2016

Format of Statutory Auditors’ Certificate (SAC) to be submitted by NBFCs


Please refer to the Notification No. DNBS 192/DG (VL) dated Feb 22, 2007 prescribing Prudential Norms Directions. In terms of the extant instructions, all NBFCs are required to submit a certificate from their Statutory Auditors every year to the effect that they continue to engage in the business of NBFI requiring it to hold a CoR under Section 45-IA of the RBI Act.
2. With a view to ensure consistency in the manner in which the information is received from the Auditors, it has been decided to introduce a uniform format of the SAC. The NBFC would need to fill in the information, as applicable, in COSMOS. Thereafter, the SAC needs to be scanned and uploaded in COSMOShttps://cosmos.rbi.org.in under the menu Upload Returns > Statutory Auditors Certificate.

Format  link here click here 



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