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CA, CS, CMA

RTI- Banks to inform their guideline/regulations which requires CAs to certify project reports/ balance sheets 

Case Law Details

TaxGuru Citation
2015 taxguru.in 199
Case Name
Shri Mandeep Singh Vs Central Public Information Officer,Bank of India (Central Information Commission)
Date of Judgement/Order
Only available for paid members
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Whether presumptions/projections can be certified and what will be parameter for its accuracy ? 

Appellant Mandeep Singh filed RTI’s to the head offices of the Banks for seeking information, whether head office issued any directions that Project Reports, Projected Balance Sheets and CMA data should be certified by Chartered Accountants. RBI and mostly Banks like SBI,SBOP,UNION BANK OF INDIA, PNB, BANK OF BARODA, PUNJAB AND SIND BANK etc replied that no such kind directions issued by head office, irrespective that mostly bank branches in India compels to the borrower to get certified Project Reports and Projected Balance sheets from Chartered Accountants.

Bank of India denied information, appeal against the order filed before Hon’ble Central Information Commission. CIC directs the Bank of India to provide information as per following order.   

Central Information Commission,

New Delhi

File No. CIC/SH/A/2014/001168

Right to Information Act­,2005

­Under Section (19) 

Date of hearing : 19th June 2015
Date of decision : 19th June 2015
Name of the Appellant : Shri Mandeep Singh
Name of the Public Authority/Respondent  : Central Public Information Officer,Bank of India,

Head Office, Legal Dept. Star House, Third Floor, C­5, G Block, Bandra Kurla Complex, Bandra (East), P B No. 8135, Mumbai ­ 400 051

The Appellant was present at the NIC Studio, Sangrur.

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