To [Companyname]
We accepted the appointment to examine the [second] installment ofregistered capital capital contribution of the registered capitalof [Company name] (“the Company”) as at [date] in respect of its application forincorporation and registration. Theresponsibilities of all itsthe investor(s) and the Company are toensure that the capital contributions comply with the legalrequirements of the relevant laws, regulations, agreements,contracts and articles of association; to provide true, legitimateand complete information for the verification of capitalcontributions and to safeguard the Company’s assets. Ourresponsibility is to express an opinion on the [second] installmentof capital contribution in accordance with the “Statement of Independent AuditingPracticee Pronouncements No.1: Verification of CapitalContribution”. In the course of ourexamination, we performed examination procedures as we considerednecessary in the circumstances.
According to the agreements, contracts and articles of association,the Company’s registered capital to be contributed by [name](Party A) and [name] (Party B) is [currency] [amount] and shall befully contributed in [number] installments prior to [date]. Thecurrent contribution is for the [second] installment,contributionwhich shall be contributed before [date]. Based on our examinationand as at [date], the Company had received capital contribution of[currency] [amount] contributed by Party A and PartyB. The aforesaid actual capital contribution[currency] [amount] is in the form of cash, [currency] [amount] isin the form of tangible assets, and [currency] [amount] is in theform of know-how. The capital contributed in the form of know-howaccounts for % of the registered capital.
[In addition, We we also noted that the [first] installment ofcontribution of registered capital contribution of the Company,[currency] [amount], of which [currency] [amount] was contributedby Party A and [currency] [amount] was contributed by Party B, wasverified by [name] Certified Public Accountants Co., Ltd. withCapital capital Verification verification Report report ([number ofreport]) issued on [date]. As at [date], the Company hasd receivedaccumulated capital contribution of [currency] [amount] intotal.]
This Capital Verification Report is for the use of the Company toapply for its incorporation and registration and to issueinvestment certificate(s) to the investor(s). Itis not to be deemed as a guarantee or an assurance of theCompany’s abilities inmaintaining capital, repaying debts or operating as a goingconcern. Our XXXX Certified PublicAccountantsfirm and the Certified Public Accountants who performedthis verification are shall not be hold liable for any consequencescaused by the misuse of this Capital Verification Report by theCompany.
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