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Airports Authority of India require panel of chartered accountants firms for verification of annual fees for Joint venture Projects. The criteria of the Firm is to have past president ICAI as active(?)partner of the Chartered Accountant firm. It clearly states that the firm shall have a Past President of ICAI for the last twelve years as active partner of the Firm. The calculation of twelve past president is also backed by an understanding between the joint venture’s that Delhi & Mumbai airport shall have a panel of Six Firms each. So twelve firms are to empanelled and that is only for the Past Presidents.Unfortun ately this is not a joke.
Source: Email from CA VASHISHT AMRESH, FCA
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Wow this is such a great opportunity but has very high standards.