Empanelment of CA firms for Internal Audit of Indbank Merchant Banking Services Ltd

Empanelment of Chartered Accountants firm for Internal Audit

Indbank Merchant Banking Services Ltd invites applications for empanelment as Chartered Accountants firm for Internal Audit

1.   Eligibility criteria: 

a)       Chartered Accountant firm operating from Chennai with a minimum of 4 partners with experience in conduct of internal audit of NBFCs / Stock Brokers / Investment Banking operations / Bank branches / PSUs. .

b)       The firm should possess minimum of 10 years experience in the field and one of the partners should have experience of minimum of 5 years in conduct of Internal Audit.

2. General conditions: 

a)       The Company shall empanel the applicants as per its needs and requirements. The selection will be on the basis of eligibility criteria, past experience, credentials and suitability.  However, mere satisfying the eligibility norms will not entitle an applicant to be empanelled.

b)        Depending upon the number of applications received, the Company reserves the right to empanel only the required number of Chartered Accountants firm as deemed fit.

c)        The award of specific assignments to those empanelled will be on the basis of requirements from time to time and on the evaluation of the applicants done by the Company.

d)        Decision of the Company in all matters regarding number of Chartered Accountants firm to be empanelled, their eligibility , the stages at which such scrutiny of eligibility is to be undertaken, the documents to be produced, empanelling / award of assignment and any other matter relating to this notification will be final and binding on the applicants. No correspondence or personal enquiries shall be entertained by the Company in this regard.

e)       Any request for change of address will not be entertained.

f)         Any resultant dispute arising out of this notification shall be subject to the sole jurisdiction of the Courts situated in Chennai.

Application should be submitted in the prescribed proforma with all particulars supported by relevant Certificates and be sent in a separate cover superscribed  “empanelment of Chartered Accountants firm for Internal Audit”  to  the  following  address  so as to reach on or before 15.04.2012.

Executive Vice President & CS

Indbank Merchant Banking Services Ltd

No: 480, Anna Salai, Khivraj Complex 1, First Floor,

Nandanam, Chennai – 600 035

Email id : mugundan@indbankonline.com

Contact : 044 – 2431 3087 / 9445797101

Format of Application for Empanelment of Chartered Accountants firm for Internal Audit


Name of the Firm


Registration number of the firm




Email id


Telephone number / landline with STD Code / Mobile nos


Date of establishment


Number of partners


Details of partners – Name, Age, Qualifications, Overall experience, Experience in Internal Audit, Special achievements if any,



 Experience of the firm


Details of Experience of the firm on Internal Audit – Number of Clients, Some of the Prominent clients for internal audit, Number of years of under internal audit




Details of  the partner fulfilling the eligibility criteria of “should have experience of minimum of 5 years in conduct of Internal Audit” – Name, Age, Qualification, Overall experience, Experience on conduct of Internal Audit, and brief details of contribution and achievements.




Brief write up (Not exceeding a page) regarding suitability for employment as Chartered Accountants firm for Internal Audit







We hereby declare that all statements made in this application are true, complete and correct to the best of our knowledge and belief.  We understand that in the event of any information being found false or incorrect or not satisfying any of the eligibility criteria according to the requirements of the relative notification, our candidature/ empanelment / award of assignment is liable to be cancelled / terminated at any stage.  We hereby agree that any legal proceedings in respect of any matter(s) or claim(s) or dispute(s) arising out of this application and/ or out of the said notification can be instituted by us only at Chennai and the Courts / Forums/ Tribunals at Chennai only shall have sole and exclusive jurisdiction to try the case/ dispute. We undertake to abide by all the terms and conditions mentioned in the notice.





Date                                                                                     Signature

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