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CA Net Worth Certificate

Are there any conditions where an updated or revised Net Worth Certificate is required?

Yes, an updated or revised Net Worth Certificate may be required under the following conditions:   1. Significant Change in Assets: When an individual or entity acquires or disposes of major assets (e.g., property, investments), an updated certificate may be needed to reflect the accurate net worth.    2. Liability Changes: If there are new liabilities, loans, or repayments that significantly affect the financial position, a revised certificate should be issued.  


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