RBI/CAB PUNE/Estate/5/24-25/ET/531 Please, refer to the Notice Inviting tender published on the RBI website www.rbi.org.in on October 16, 2024 inviting submission of bids from eligible service providers for appointment of Concurrent Auditor for the College of Agricultural Banking, Reserve Bank of India through e-tendering route. 2. In this context, a Corrigendum containing the following changes has been uploaded on RBI website and MSTC website. | Sl. No. | Existing Clause | Modified Clause | | 1. | Section - I Eligibility criteria and other important information
1.1.1 (e) The minimum monthly remuneration will be ₹1,00,000/- (Rupees One Lakh only) exclusive of GST. The bid being quoted for a value less than the minimum remuneration will be outrightly rejected. | Section - I Eligibility criteria and other important information
The minimum monthly remuneration will be ₹1,00,000/- (Rupees One Lakh only) exclusive of GST. The remuneration would be paid after deduction of Income Tax at source in terms of Section 194-J of the Income Tax Act 1961 and TDS under GST as per applicable rate. The bid being quoted for a value less than the minimum remuneration will be outrightly rejected. | | 2. | Section – II SCOPE OF WORK – Illustrative
14. The presence of the entire team along with Chartered Accountant I Partner of the audit firm at RBI’s premises on a daily basis (working days) for the duration of Bank’s working hours is mandatory. | Section – II SCOPE OF WORK – Illustrative
14 Composition of Audit Team: The presence of the entire team along with Chartered Accountant / Partner of the audit firm at RBI’s premises on a daily basis (working days) for the duration of Bank’s working hours is mandatory. | | 3. | Section - IV: Special Conditions of the Contract
The appointment of the Concurrent Auditors (CAs) will be for a period of nine months initially i.e. from January 01, 2025 to September 30, 2025. Subsequently, the same will be renewed for second and third year subject to annual review of the CA firm’s performance by the office. Nevertheless, either party can terminate the contract at any time by giving in writing a three months’ prior notice. In the event of successful renewal of contract, the remuneration will remain unchanged for a period of three years. | Section - IV: Special Conditions of the Contract
The appointment of the Concurrent Auditors (CAs) will be for a period of nine months initially i.e. from January 01, 2025 to September 30, 2025. Subsequently, the same can be renewed for second and third year commencing from October and ending in September subject to annual review of the CA firm’s performance by the office. Nevertheless, either party can terminate the contract at any time by giving in writing a three months’ prior notice. In the event of successful renewal of contract, the remuneration will remain unchanged for a period of three years. | | 4. | Section VII - Commercial Conditions | Section VII - Commercial Conditions
Note: For this contract, EMD payment is not exempted even for firms / companies registered as MSE under MSMED Act 2006. | | 5. | Annex II
4.
| Key Professional Staff – Full Time CA employees | Marks | | | Range | Max - 15 | | Less than 2 CAs | 0 | | 2 to 5 CAs | 5 | | 5 to 10 CAs | 10 | | More than 10 CAs | 15 |
5
| Skilled staff – Qualified in Group II of IPCC – No. of staff | Marks | | | | Range | Max - 15 | | Less than 10 | 0 | | 10 to 15 | 5 | | 15 to 20 | 10 | | More than 20 | 15 |
* Firms which are currently Statutory / Statutory Branch Auditors / Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment as on March 31st of current year are not eligible. | Annex II
4.
| Key Professional Staff – Full Time CA employees | Marks | | | | Range | Max -15 | | Less than 2 CAs | 0 | | 2 to 5 CAs | 5 | | 6 to 10 CAs | 10 | | More than 10 CAs | 15 |
| Skilled staff – Qualified in Group II of IPCC – No. of staff | Marks | | | | Range | Max - 15 | | Less than 10 | 0 | | 10 to 15 | 5 | | 16 to 20 | 10 | | More than 20 | 15 |
* Firms which are currently Statutory / Statutory Branch Auditors / Concurrent Auditors of RBI and those firms which have conducted such audits in RBI in the past but at least two years have not elapsed since the completion of such assignment as on December 31st of current year are not eligible. | | 6. | Annex V
Certified documents to be uploaded for determining eligibility criteria and evaluation of technical bids
1. Proof of being Category1 Chartered Accountant (CA) Firm - ICAI Certificate
9. Proof of Number of Full time CA employees presently deployed – Key professional staff
i. Membership number & related ICAI certificate
ii. Letter of Appointment | Annex V
Certified documents to be uploaded for determining eligibility criteria and evaluation of technical bids
1. Proof of being Category1 Chartered Accountant (CA) Firm - Multipurpose Empanelment Form will be accepted
9. Proof of Number of Full time CA employees presently deployed – Key professional staff
i. ICAI Firm Card. It is mandatory that the names of the Full Time Charted Accountants are indicated under Paid Assistants of the ICAI Firm Card.
ii. Letter of Appointment (Not mandatory) | 3. Interested parties may access the document to ensure their adherence to the above. All the other terms and conditions of the e-tender shall remain unchanged. Officer in Charge
College of Agricultural Banking, RBI, Pune |
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