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Empanelment for GST audit of Oriental Bank of Commerce

Appointment of Auditor for conducting GST audit of the Oriental Bank of Commerce . 1) Last date for submission – 01.08.2018

Eligibility Criteria

The Bidder needs to comply with all the eligibility criteria mentioned below to be evaluated in Eligibility bid evaluation phase. Non-compliance to any of these criteria would result in outright rejection of the Bidder’s proposal. The Bidder is expected to provide proof for each of the points for eligibility evaluation criteria. Any credential detail not accompanied by required relevant proof documents will not be considered for evaluation. All credential letters should be appropriately bound, labeled and segregated in the respective areas. There is no restriction on the number of credentials a Bidder can provide.

The decision of the Bank would be final and binding on all the Bidders to this document. OBC may accept or reject an offer without assigning any reason what so ever.

Criteria for Eligibility Compliance are given in below table:

S. No. Eligibility Criteria Supporting Documents
1. Either :

A Firm of Chartered Accountants /Cost Accountants having experience in implementation of GST in a Scheduled Commercial Bank having at-least 500 Branches as on 01.04.2017. Implementation experience of full time affiliate firms/LLP will be considered.

Certified copy of registration Certificate issued by Registrar in case of LLP.

Certified copy of Partnership deed in case of Partnership firm and MOU in case of LLP’s

Letter of appointment for implementation service, engagement letter, reference letter from the concerned Bank in favour of the Firm or full time Affiliate firm/ LLP.

If experience of Full time Associate Firm/LLP is being used, Certificate from Company Secretary/Chartered Accountant about full time affiliation has to submitted.

Or
The firm of Chartered Accountants/Cost Accountants having a turnover of at-least Rs. 50 Crores in FY 2016-17 & FY 2017-18 and having implementation experience in a NBFC having a Balance Sheet size (i.e Asset side Total) of Rs. 1 Lakh crore as on 31.03.2018. Implementation experience of full time affiliate firms/LLP will be considered. Certified copy of registration

Certificate issued by Registrar in case of LLP.

Certified copy of Partnership deed in case of Partnership firm and MOU in case of LLP’s

Letter of appointment for implementation service, engagement letter, reference letter from the concerned NBFC in favour of the Firm or full time Affiliate firm/ LLP.

If experience of Full time Associate Firm/LLP is being used, Certificate from Company Secretary / Chartered Accountant about full time affiliation has to be submitted.

Turnover Certificate from a Chartered Accountant for FY 2016-17 & 2017-18.

 

2 The bidder should not have been barred/ black listed disqualified by any regulators / statutory body in India. Self-Declaration on Bidder’s letter head signed by the authorized signatory
3 Application fee Rs.10,000 Plus GST by way of demand draft in favour of Oriental Bank of Commerce payable at Gurugram.

Note:

a. In-case of corporate restructuring the earlier entity’s incorporation certificate, financial statements, Credentials, etc. may be considered.

b. In case of business transfer where bidder has acquired a Business from an entity (“Seller”), work experience credentials of the Seller in relation to the acquired Business may be considered.

c. For the purpose of determination of annual turnover, standing of the firm/LLP the turnover, standing of the full time affiliate Chartered Accountancy firm shall be considered. Affiliation has to be proved by way of certificate from Company

d. Bidders need to ensure compliance to all the eligibility criteria points.

e. Scheduled Banks means a bank included in Second Schedule of Reserve Bank of India Act, 1934.

f. Abroad experience will not be considered

g. Documentary evidence needs to be submitted by the bidder for each of the eligibility criteria. Self-declaration needs to be signed by authorised signatory(s).

Download Request for Proposal For Appointment of Auditor for Conducting GST audit of the Bank

Categories: CA, CS, CMA
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