RBI/2015-16/233
DGBA.GAD.No. 1636/31.12.010/2015-16

Dated- November 10, 2015

The Chairman / Chief Executive Officer
All agency banks

Dear Sir / Madam

Payment of agency commission – Certification of claims by external auditors

Please refer to our circulars DGBA.GAD.No.2528/31.12.010(C)/2012-13 and DGBA.GAD.No.H-2995/31.12.010/2014-15 dated October 31, 2012 and January 7, 2015 respectively prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate to be furnished by the auditors has since been slightly amended. The agency commission claims submitted to our Regional Offices and Central Accounts Section, Nagpur may henceforth be accompanied by a certificate as per the revised format enclosed.

Yours faithfully

(Anita Kumari)
Assistant General Manager

Encl: As above

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Category : Fema / RBI (3338)
Type : Notifications (15540) Notifications/Circulars (31035)
Tags : RBI Notifications (1904)

0 responses to “Payment of agency commission – Certification of claims by external auditors”

  1. vswami says:

    “…… prescribing the format for CERTIFICATION OF CLAIMS of agency commission BY EXTERNAL AUDITORS (Chartered Accountants ….. ”
    Should not the word “BY”, instead of as now, immediately followed the word “CERTIFICATION”; to make for a better reading and instant understanding of the true purport of the official notification by anyone even with the least level of IQ.

    So much said might be enough for the ‘simplification’ long being touted for in authoritative circles, but with no sign of any attempt in improving things and taking steps in that direction.

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