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What is the purpose of issuing Solvency certificate in Delhi?

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Gaurav Gaurav
Answered on December 10,2019

Solvency certificate is issued to individual/firms declaring their financial standing for purpose such as standing surety in favour of some body, securing loans, securing business contractors etc. Solvency certificate is issued on the basis of salaries drawn by Govt. Employees/individuals, the properties owned by the applicants in their own name and Sales Tax/Income Tax returns.

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