Showing posts with label Opportunities. Show all posts
Showing posts with label Opportunities. Show all posts

27 December 2018

CAG empanelment


Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020

Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for the year 2019-2020 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2013 and of Statutory Corporations/Autonomous Bodies as per the provisions of their respective Acts. The online application along with detailed instructions in this regard will be available on our website from 01 January 2019 to 15 February 2019. The firms/ LLPs can apply/update the data showing the status of their firm as on 01 January 2019. After filling/updating the data, the Firms/LLPs will be required to generate online acknowledgement letter for the year. If the Firms/LLPs fail to generate online acknowledgment letter, their application would not be considered for empanelment. The Firms/LLPs will be required to submit a print out of the acknowledgement letter generated online and also hard copies of the documents in support of their online application by 28 February 2019.

Sr. Administrative Officer/CA-V

24 March 2018

Empanel as Concurrent Auditors

BANK OF MAHARASHTRA invites online applications from practicing firms of Chartered Accountants, in the prescribed format, who are willing to have their firms empanelled as Concurrent Auditors of the Bank for specified branches for FY 2018-19

26 February 2017

Concurrent Auditors of Andhra Bank*

Respected Members

Andhra Bank invite online application   for the empanelment as *Concurrent Auditors of Andhra Bank*
*Last Date*- 28.02.2017
Link for the same is

26 December 2016

Draft MEF panel

Draft MEF panel is hosted on it will be available till 2Jan if any discrepancy pl lodge your complaint immediately. CA Prafulla Chhajed Chairman PDC

17 December 2016

CAG Empanelment

Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller and Auditor General of India for appointment as auditors of Government Companies/Corporations for the year 2017-18 from 1st January 2017 to 15th February 2017. For more details visit

10 August 2016

MEF will be hosted on 11 Aug

FYI - MEF will be hosted on 11 Aug  around 2 pm  last date 31 Aug .. OPTION of signing MEF digitally will be available.

02 July 2016

Bank of Baroda Concurrent Auditors

Bank of Baroda Request for Proposal for appointment of Concurrent Auditors of the bank for 545 Branches/ 13 RBOs/ 22 CBOs/ 3 Other Units. Last Date 21.07.2016. Follow the link

21 May 2016

Vijaya Bank Empanelment of Concurrent Auditors

Vijaya Bank invites applications for Empanelment of Concurrent Auditors for the year 2016-17. Last Date 21.05.2016. Follow the link

13 May 2016

*Pre-Multipurpose Empanelment Form

*Pre-Multipurpose Empanelment Form (P-MEF)* for the year 2016-17 is now hosted at MEFICAI website. The status of your firm as on 01.01.16 has been updated in your concerned Regional office. However, if you find any deviation from your actual status, kindly ensure that your status is updated on or before 25th May, 2016 with your concerned Regional Office. Soon after this MEF data verification process, MEF will be hosted at

21 March 2016

Real Estate Regulation-Role of CAs'

Real Estate (Regulation and Development) Act, 2016-Role of Chartered Accountants

Real Estate (Regulation and Development) Act, 2016  has been passed by the Lok Sabha on 15/03/2018. The Bill seeks to streamline and regulate the real estate project working by incorporating various measures to safeguard general public by prescribing adequate procedures and penal provisions.
Recognising the skills of the Chartered Accountants, they have been given due importance and role in the Bill towards protecting the misapplication of the deposits by the promoters.
Role of Chartered Accountants
Amounts from the separate account maintained for deposit of amounts received from allottees shall be withdrawn by the promoter after it is certified by an engineer, an architect and chartered accountant in practice that the withdrawal is in proportion to the percentage of completion of the project.
Also the promoter shall get his accounts audited within six months after the end of every financial year by a chartered accountant in practice, and shall produce a statement of accounts duly certified and signed by such chartered accountant. During the audit it shall be verified that the amounts collected for a particular project have been utilised for the project and the withdrawal has been in compliance with the proportion to the percentage of completion of the project.
Also Chartered Accountants can be appointed as legal representative by the promotor to present him or its case before the Appellate Tribunal or the Regulatory Authority.



Real Estate (Regulation and Development) Act, 2016 Key Highlights

Prior registration of real estate project with Real Estate Regulatory Authority.
Before advertising, booking, selling or inviting persons to purchase any plot, apartment or building etc. in any real estate project registration of the real estate project with the Real Estate Regulatory Authority is must. Ongoing projects to make an application for registration within a period of three months.
However Registration not required:—where the area of land proposed to be developed does not exceed five hundred square meters or the number of apartments proposed does not exceed 8 (eight) inclusive of all phases.  Also registration is not required for new allotment or renovation, repair or re-development not involving marketing, advertising.
Registration shall be granted within 30 days and if the prescribed Authority fails to grant the registration or reject the application, the project shall be deemed to have been registered.
Display of project details for public viewing
A web based online system for submitting application for registration of projects shall be developed. The promoter upon registaration shall be given a ogin Id and password to create his web page on the website of the Authority and give all details of the proposed project  for public viewing,
Application for registration of real estate project.
Application shall be made in prescribed form with prescribed fee and shall include details of promoters, projects launched in past five years, approval letters/certificates to commence project, lay out plan, allotment letter, agreement for sale proforma , garage, declaration to legal title etc.
Handling with money received from allottees
Application for registration shall be accompinied by a declaration stating that 70% of the amounts realised for the real estate project shall be deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the land cost and shall be used only for that purpose.
Registration of real estate agents.
No real estate agent shall be able to facilitate the sale or purchase in a real estate project registered without obtaining registration under new Act. The registration shall be given by the Authority for the entire State/Union territory.
False advertisement or prospectus
If a person makes an advance or a deposit on the basis of false information in advertisement or prospectus, or on the basis of any model apartment, plot or building, and sustains any loss or damage by reason of any incorrect, false statement he shall be compensated and if he  intends to withdraw from the proposed project, the promoter shall return his entire investment along with interest at prescribed rates.
No deposit/advance without first entering into agreement for sale and its registration.
A promoter shall not accept more than ten per cent of the cost of the apartment, plot, or building etc. as an advance payment or an application fee, without first entering into a written agreement for sale with such person and register the said agreement for sale.
Insurance of real estate project
The promoter to obtain all specified insurances which shall stand transferred to the benefit of the allottee or the association of allottees, as the case may be, at the time of promoter entering into an agreement for sale with the allottee.
Return of amount and compensation for delay
If the promoter fails to complete or is unable to give possession within scheduled time, he shall in case allottee wishes to withdraw from the project, return the amount with interest at prescribed rates. For those allottee who do not wish to withdraw, the promoter shall pay interest for every month of delay, till the handing over of the possession.
Rights  of allottees
  • to obtain the information relating to sanctioned plans layout plans along with the specifications
  • to know stage-wise time schedule of completion of the project
Real Estate Appellate Tribunal
Appellate Tribunal to be formed within one year. The Tribunal shall not be bound by the procedure laid down by the Code of Civil Procedure, 1908 but shall be guided by the principles of natural justice. Also it shall not be bound by the rules of evidence contained in the Indian Evidence Act, 1872. However, the Tribunal shall for the purpose of discharging its functions shall have the same powers as are vested in a civil court under the Code of Civil Procedure, 1908.
Offences and Penal Provisions for Promoters/real Estate Agents
All offences by promoters/real estate agents against the requirements of the Act, order of the Prescribed Authority, Tribunal etc. have been made punishable with fine, penalty in addition to 3 years maximum imprisonment.
Offences and Penal Provisions for Allottees
Any allottee failing or contravening the orders, directions of the Applellate Tribunal, shall be punishable with imprisonment for a term which may extend upto one year or with fine for every day during which such default continues, which may cumulatively extend up to ten per cent. of the plot, apartment or building cost, as the case may be, or with both
Compounding of  punishment with imprisonment
However, any punishment with imprisonment may, either before or after the institution of the prosecution, be compounded by the court on such terms and conditions and on payment of such sums as may be prescribed.

03 August 2015

Multipurpose Empanelment Form (MEF) for the year 2015-16.

ICAI Announcement (03-08-2015)

Multipurpose Empanelment Form (MEF) for the year 2015-16.

This is to inform that Multipurpose Empanelment Form (MEF) for the year 2015-16 has been made live at The Members/firms can apply the form showing the status as on 1st January 2015. After filling the form, they are required to generate an online Declaration and Acknowledgment letter. They are also required to submit hard copy of Declaration in support of their online application along with a print out of the acknowledgment letter generated online. The application which does not have Declaration would not be entertained as a valid application.

Last date for submission of online form is 31st August, 2015 and last date of submission of hard copy of "DECLARATION FOR MEF 2015-16" is 15th September, 2015.

It is suggested that before going directly to the MEF form, applicant should first go through the link "Points which shall be carefully read and be taken care for MEF 2015-16".

21 July 2015

Multipurpose Empanelment Form 2015-16 hosted

Multipurpose Empanelment Form for the year 2015-16 is an on line application. Members can fill up the application form directly on the site itself and Submit it.

Members can view the Application and can Edit the Application in different stages.

However after submission of the application form members will not be able to edit the application. They would be able to view the details submitted through the Application Form and take print out of declaration/ acknowledgement and of the whole application form.

Last date for submission of applications on the website is 31st August, 2015

25 May 2015

Concurrent audit online application link of United Bank of India

Concurrent audit online application link of United Bank of India

Concurrent audit online application link of Punjab & Sindh bank

Concurrent audit online application link of Punjab & Sindh bank

24 December 2014


The following procedure will be followed for appointment statutory branch auditors (SBAs) in public sector banks (PSBs):

(i) The list of eligible auditors/audit firms will be prepared by the Institute of Chartered Accountants of India (ICAI) as per the norms prescribed by RBI.( LIST prepared and ready to shoot to RBI)

(ii) The above list will be subjected to scrutiny by RBI for identifying the continuing and rested firms and excluding audit firms against whom adverse remarks/disciplinary proceedings are pending or who have been denied audit.

(iii) RBI will, thereafter, forward the final list of all eligible auditors/audit firms to PSBs for selection.

(iv) The PSBs will select the required number of branch auditors/audit firms. Banks will be required to clearly advise the audit firms selected for consideration of appointment that each audit firm can take up audit assignment (branch audit) in one PSB only. The audit firm should give their consent in writing for consideration of appointment in the bank concerned for the particular year and the subsequent continuing years.( the firms whose four year term has not completed shall be on the panel of sam fresh consent shall be require)

(v) The consent given by an audit firm will be treated as irrevocable and request, if any, from audit firms for changing the bank, after giving its consent to the bank concerned will not be entertained.( some of the banks takes consent from auditor and dont carry their names to list.auditors ignore the other bank offer being consent given .Attention is required for such exercise)

(vi) After the selection of branch auditors, PSBs will be required to recommend the names of both continuing and selected branch auditors to RBI for seeking its prior approval before their actual appointment, as per statutory requirement.

3. SBAs will have a maximum tenure of four years. The appointment of SBAs will be made on an annual basis, subject to their fulfilling the eligibility norms prescribed by RBI from time to time and also subject to their suitability.

4. The number of eligible auditors / audit firms is more than the number of branches to be audited at the following 33 centres (viz. Mumbai, Kolhapur, Pune, Solapur, Thane, Kolkata, Chennai, Coimbatore, Delhi/ New Delhi, Ajmer, Bikaner, Jaipur, Kota, Udaipur, Ahmedabad, Vadodara, Surat, Hyderabad, Chandigarh, Raipur, Faridabad, Gurgaon, Panchkula, Panipat, Sonipat, Bangalore, Ernakulam, Indore, Nagpur, Ludhiana, Jodhpur, Bhilwara, and Ghaziabad). In such centres, the auditors/ audit firms will be put to a period of compulsory rest for two years after completion of four years of continuous branch audit. In other centres, where the number of eligible auditors / audit firms is less than the number of branches to be audited, the branch auditors on completion of four years of continuous branch audit will be subjected to the policy of rotation.(as per policy the other places are out of rotation but the same is being misused)

5. While allotting branches, banks are required to select auditors/audit firms which are in close proximity to their offices/branches. Banks are also required to have a suitable mix of various categories of auditors / audit firms while selecting the branch auditors keeping in view the size of the branches to be audited.( Though banks have nothing to do with the cooling of firms other than 33 places but the same is being implemented from last four years as CAs are in surplus .Though this year PDC has prescribed a list with gap)

6. As regards statutory branch audit to be carried out by SCAs, banks will allot the top 20 branches(to be selected strictly in order of the level of outstanding advances) in such a manner as to cover a minimum of 15% of total gross advances of the bank by SCAs.

10 October 2014

Date for rectification in case of rejected Co-op Empanelment application

Date for rectification in case of rejected Co-op Empanelment application of Maharashtra is from 11.10.14 to 16.10.14.Circular coming soon.

07 October 2014

Check Your MEF Status

Check Your MEF Status
Multipurpose Empanelment Form 2014-15

Click Here <> to
view Financial Documents Received.
Click Here <> to
view Financial Documents Not Received.
Click Here <> for Applicants from
whom Financial Documents are being called for.
Click Here to fill Multipurpose Empanelment Form 2014-15.
Click Here <> to view
Declaration Received.
Click Here <> to view
Declaration Not Received.

or <>

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