Sponsored
    Follow Us:
Sponsored

Copy of letter written by CA. Babu Abraham Kallivayalil, Chairman, Professional Development Committee of ICAI to Shri Ajay Kumar Choudhary, Chief General Manager, Reserve Bank of India, Mumbai on Non allotment of audit to displaced auditors of Allahabad Bank by Indian Bank.

Please Read Disclaimer before relying on Below Information

PD/A-32/2021

Date:- 17th March, 2021

Shri Ajay Kumar Choudhary
Chief General Manager
Reserve Bank of India
Mumbai

Dear Sir,

Re: Non allotment of audit to displaced auditors of Allahabad Bank by Indian Bank

This has references to the list of Continuing and Non Continuing Bank Branch Auditors for the Audit Cycle 2020-2021 sent by Reserve Bank of India to all Public Sector Banks.

We have received several complaints from our members regarding non allotment of audit by Indian Bank to the auditors of erstwhile Allahabad Bank with the remaining term, during the year. We understand that the names of the Bank Branch Auditors of Allahabad Bank (merged with Indian Bank) have been sent to all Public Sector Banks as Non Continuing Auditors.

We wish to state that the auditors of the then Allahabad Bank were unaware of the given fact and did not seems to have accepted the Bank Branch Audit assignment offered by other banks.

Sir, this has caused undue hardship to the said auditors. To mitigate their genuine hardship, we humbly request your goodself to instruct Indian Bank to accommodate these auditors till the completion of their four year audit cycle.

Looking forward to your positive response.

With kind regards,

(CA. Babu Abraham Kallivayalil)
Chairman, Professional Development Committee

*****

Source- Social Media and Unconfirmed

Disclaimer: The contents of this article are for information purposes only and do not constitute an advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc before acting on the basis of the above write up.  The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that Author / TaxGuru is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof. This is not any kind of advertisement or solicitation of work by a professional.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

2 Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031