Empanelment of Stock and Credit Auditors – Canara Bank, Patna Circle Office

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1. NAME OF THE VALUER / FIRM /

COMPANY

. •

2. OFFICE / CORPORATE ADDRESS

. •

3. BRANCHES, WITH ADDRESS, IF ANY

4. TELEPHONE NUMBERS

OFFICE

RESIDENCE

FAX

E MAIL

MOBILE NUMBER

5. Whether entity has account maintained with Our Bank? If Yes, please furnish the account Number

6. IF THE FIRM IS A PARTNERSHIP, NAMES OF PARTNERS WITH A BRIEF PROFILE WITH THEIR QUALIFICATIONS

:

Following information needs to be incorporated for Proprietor/ Individual / Each Partner or Director of the firm / company.

a) Educational Qualification

b) Professional Qualification

c) Date of Birth /PAN / Aadhar/ Mobile Number of each individual

d) Work Experience

(if required attach the details in

separate sheet)

7. REGISTRATION NO. FROM INSTITUTE OF VALUERS / ICAI/ ICSI AS
APPLICABLE (ATTESTED COPY OF VALID

REGISTRATION CERTIFICATE TO BE ENCLOSED) ALONG WITH THE DATE OF ESTABLISHMENT

:

Following information needs to be

incorporated for Proprietor/ Individual / Each Partner or Director of the firm / company.

a) Name of the Institute / Professional Body

b) Membership Number ( if applicable)

c) Date of Membership / enrollment

d) Asset Class/ Category of Valuer

e) Valuation Specific Qualification
/ course

f) Recognized Registered Valuer
Organization ( name Et registration Number)

(if required attach the details in separate sheet

8. REGISTRATION NUMBER

a) Under Companies (Registered Valuers and Valuation) Rules, 2017

b) WITH CCIT FOR VALUATION U/S 34AB OF WEALTH TAX ACT 1957 (SELF ATTESTED COPY TO BE ENCLOSED)

9. GST REGN. NO., IF APPLICABLE : (ATTESTED
COPY TO BE ENCLOSED)

10. Work Experience

a) Whether all members/ Partners/ Directors are professionally qualified?

b) Number of years in practice or of work experience in the relevant ‘ profession or in valuation (in years and months)

c) Number of Years in employment (in years ‘ and months)

S. No.

From Date

To Date

Employment / Practice

If employed, Name of Employer and designation

If in practice , experience in the relevant profession / valuation

Area
of Work

d) In Case Included In The Panel Of Other Banks/ Institutions, Give Details

e) DETAILS ON MAJOR ASSIGNMENTS HANDLED SO FAR

.

• (FURNISH NATURE OF ASSIGNMENT, NATURE OF ASSETS AND SIZE OF AMOUNT)

SL NO	NATURE OF ASSET/ ASSIGNMENT	VALUE OF ASSETS
	CURRENT ASSETS
	FIXED ASSETS
	ANY OTHER ASSIGNMENT

11.	WHETHER ANY ALLIED FIRMS ARE ALREADY IN THE PANEL OF OUR BANK. IF SO, FURNISH DETAILS	:
12.	WHETHER THE APPLICANT WAS DELISTED FROM ANY BANK”S PANEL ON ANY EARLIER OCCASION. IF SO, FURNISH REASONS	:
13.	HAVE YOU OR ANY OF THE PARTNERS / DIRECTORS EVER BEEN CONVICTED FOR AN OFFENCE	:	Yes / No If Yes , please give Details
14.	ARE ANY CRIMINAL PROCEEDINGS PENDING AGAINST YOU OR YOUR PARTNERS /DIRECTORS?	:	Yes / No If Yes , please give Details
15.	ARE YOU OR ANY OF YOUR PARTNERS/ DIRECTORS UNDERCHARGED BANKRUPT, OR HAVE APPLIED TO BE ADJUDGED AS A BANKRUPT?	:	Yes / No If Yes ,please give Details
16.	ANY OTHER INFORMATION	:

17. AFFIRMATIONS

I / We hereby apply for enrolling in the panel of valuers / Stock Auditor of your bank as an approved valuer/ stock auditor. The particulars given above are correct to the best of my / our knowledge.

I / We shall submit the reports as per standard formats prescribed by the professional institutes / bank with correct and full information and without negligence.

If My / Our application for empanelment in your bank is considered favourably, I / we shall abide by all the terms Et conditions stated here below as well as other terms Et conditions prescribed by the bank from time to time:

(A) Empanelment as such does not guarantee award of valuation assignments by the bank.

(B) Entrustment of valuation assignments is subject to periodical review by the bank.

(C) The bank reserves the right to delete / cancel the empanelment / stop awarding future assignments without prior notice or assigning any reasons whatsoever.

(D) The remuneration payable shall be as per the policy of the bank.

(E) The valuation shall be conducted on the basis of accepted principles as also the criteria specified by the bank from time to time.

(F) Valuation report shall reveal true Et fair assessment keeping in view the market conditions and the report shall be submitted in the banks approved format.

(G) I / we shall maintain secrecy of the business allotted by the bank

(H) I / we shall not enter into any financial transaction with the bank”s borrowers to the detriment of bank”s interest.

(I) Under no circumstances, I / we shall use the name or logo of the bank in our correspondence with other banks.

(J) If any wrong certification is detected, I / we hereby consent that the bank may take appropriate steps as deemed fit.

(K) I / We understand that valuation /opinion/certification/ audit report given by us would be an input for the decision making of the Bank. Therefore, I/ We would like to state that in the event of my/our valuation /opinion/certification/ audit report turns out to be untrue and factually incorrect causing loss to the bank, Bank may seek such clarifications as may be required to investigate the matter and fix the responsibility. In the event it is established that there was gross negligence on my /our part or I/ we had colluded with the customer of the Bank in causing pecuniary damage/loss to the bank, the Bank may recommend my/ our name for including in the caution list being maintained by the Indian Bankso Association

(L) (IBA) for circulation amongst member banks or any authority as deemed fit.

(M) I am / we are not disqualified from being registered as a valuer under the Companies (Registered Valuers and Valuation) Rules, 2017.

(N) This application and the information furnished by me along with this application is true and complete. If found false or misleading at any stage, the registration of the applicant shall be summarily cancelled.

(0) I hereby undertake that the partnership entity/company and its partners/directors shall comply with the requirements of the Companies Act, 2013, the rules made there under, the directions given by the authority, and the bye-laws, directions and guidelines issued or the resolutions passed in accordance with the bye-laws by the registered valuers organisation with which I am enrolled.

SIGNATURE OF THE APPLICANT

(Proprietor / Individual)

Name and Signature of applicants
Representative (firm/ Company)

DATE:

PLACE:

Annexure-II

A. ELIGIBILITY NORMS FOR EMPANELMENT FOR STOCK AUDITOR

Stock Auditor / Credit Auditor should have the following qualifications, namely,

1. Chartered Accountants and Cost Accountants and /or group/ firm of Chartered Accountants/ Cost Accountants who are in practice alone shall be empanelled. Persons employed by the Bank as Statutory Auditors, Income/ Concurrent Auditors , Internal auditors should not be appointed for valuation during the period of such appointments

2. All the partners must be a member of the Institute of Chartered Accountants of India or the Institute of Cost and Works Accountants of India; and

3. Evidence of previous experience needs to be provided to the Banks / FIs. In case of partnership firms undertaking valuations, the qualification and experience shall apply to the lead valuers of the company / all partners of the partnership firm.

4. In case of Merger / Demerger of the Firm, proof of empanelment of earlier entity, as Stock Auditor with other Banks/FIs, can be considered as requisite experience for the demerged entity or newly merged entity.

5. GST registration number, unless exempted, shall be obtained before empanelment of the valuer

6. The minimum age for empanelment with banks and financial institutions shall be 21
years and there is no maximum age limit for the valuer to remain on the panel.

B. DURATION OF EMPANELMENT

The duration of empanelment shall be for a period of FIVE years. However, the quality of service provider/performance of the valuers shall be reviewed annually by the banks/Financial Institutions. An annual review shall be carried out by a committee comprising of senior officers of the bank.

C.CHECKLIST FOR EMPANELMENT FOR STOCK AND CREDIT AUDIT

Checklist No.	Checklist Item	Mandatory Requirements
1.	Application	Empanelment Application in the prescribed format as per Annexure-1
2.	KYC	KYC of Individual /Firm /All partners self-attested and duly verified with originals by RO/Branch official with Seal Et Sign.
6.	ICAI Firm RC	Latest Firm Constitution/Registration Certificate issued by ICAI /ICWA not older than 3 months from the date of submission of application.
7.	ICAI Membership	Certificate of Membership of Individual/All Partners issued by ICAI.
8.	ICAI Practice	Certificate of Practice of Individual/All Partners issued by ICAI.
9.	Declaration	Declaration from the individual/firm (on letterhead) that they are not a Statutory Auditor/Income Auditor/Concurrent Auditor/Internal Auditors of our Bank as on date and Regional Office to verify and confirm on the same.
10.	Empanelment proof	Proof of Empanelment with other Banks (Latest empanelment letters issued by Banks.)
11.	GSTIN	GST Registration Certificate or Self-Declaration if GST not applicable (Note: for Firms on letterhead.)
12.	Individual KYC	PAN and Aadhaar /Passport /Voter ID /etc.
13.	Proprietorship KYC	If Proprietorship Firm, copy of GSTIN/ Trade Licence /etc.
14.	Partnership/LLP KYC	If Partnership/LLP Firm, copy of Partnership/LLP Deed, Firm/LLP PAN and GSTIN.

Annexure-III

SI No.	ADDRESS&CONTACTDETAILS
1.	CANARA BANK, CIRCLE OFFICE PATNA:-3rd Floor, Luv Kush Tower, Exhibition Road800001,Contact Details: 8340713634/9712969812
2.	REGIONALOFFICE:PATNA RO – I : 4^thFloor,Luv-Kush Tower, Exhibition Road, Patna – 800001, Contact Details: 8861358484
3.	REGIONALOFFICE: PATNA RO – II :Maurya Tower, 2nd Floor, Mauryalok Complex, Patna -800001, Contact Details: 8102916092
4.	REGIONALOFFICE:MUZAFFARPUR : Dumri Road, Gobarsahi Chowk, 842001Contact Details: 7294940841
5.	REGIONALOFFICE: GAYA :Asha Sinha House, A P Colony, -823001.ContactDetails: 9939611968
6.	REGIONALOFFICE: PURNEA :Kaptanpara PVT ,Block No 71 ,Ward No -25,28 ,NH-31 KhuskiBagh, Purnea-854305.ContactDetails: 8179297890

Empanelment of Stock and Credit Auditors – Canara Bank, Patna Circle Office

1.

NAME OF THE VALUER / FIRM /

COMPANY

. •

2.

OFFICE / CORPORATE ADDRESS

. •

3.

BRANCHES, WITH ADDRESS, IF ANY

4.

TELEPHONE NUMBERS