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Initiatives

  • Nov, 10
    2020
  • Multipurpose Empanelment Form for the year 2020-21 extended till 10th Nov., 2020 (06 Nov 2020)

    It has been decided to extend the last date for filling the Multipurpose Empanelment Form for the year 2020-21 for further 4 days, i.e., till 10thNovember 2020, Tuesday to mitigate the difficulties being faced by the firms in uploading of necessary data.
     
    All the members and firms are requested to kindly fill the Multipurpose Empanelment Form for the year 2020-21 at https://meficai.org positively by 10th November 2020.
     
    Chairman and Vice-Chairman,
    Professional Development Committee

  • Nov, 06
    2020
  • Multipurpose Empanelment Form for the year 2020-21 extended till 6th Nov., 2020 (22 Oct 2020)

    The Multipurpose Empanelment Form for the year 2020-21 is live at  https://meficai.org w.e.f. 23rd September 2020.  The original date of submission was 12th October 2020 which was extended till 23rd October 2020.


    Various representations have been received by the committee requesting for further extension of date due to several reasons stated in such representations. The committee is aware of difficulties such as territorial heavy rains leading to disrupted internet connections,  intermittent office workings due to Covid-19 being faced by the CA firms and members across the Country and additional information in Part B to be given for empanelment other than Bank Audit. 


    In view of above, it is decided to extend the date of submission of MEF and declaration for the year 2020-21 till 6th November, 2020, considering the last date of  filing the Income Tax and GST Return as 31st October 2020.


    With this current extension of 2 weeks, the MEF form will be made available for the members for 45 days, so no further extension is feasible to be given.




    Chairman and Vice-Chairman,
    Professional Development Committee

  • Jun, 08
    2020
  • Revised Norms by O/o CAG for the Empanelment of CA firms (08 Jun 2020)



    PD/A-21/2020 02 June, 2020


    Shri Venkatesh Mohan
    Dy. CAG(C)-Cum Chairman Audit Board
    O/o Comptroller & Auditor General of India
    9, Deen Dayal Upadhyaya Marg New Delhi

    Dear Sir,

    This is with reference to the norms so revised by O/o CAG for the empanelment of CA firms and applying such revision with retrospective effect (the data considered as on 01.01.2020 but the financials were considered as on 31st March 2019). In this regard, we had met with your goodself personally and also represented vide our letter no. PD/A-21/2019 dated 20th January 2020 wherein it was requested not to apply the revision in the norms with retrospective effect. Vide your letter no. 110 CA V/F/54-2013-II dated 29th January, 2020 you have expressed your inability to consider our above mentioned request. Now we understand from Members that the application of revision in norms with retrospective effect has impacted a large number of firms adversely. We request you once again to consider the revision from FY 2021-2022 only.

    We also draw your attention to the clause of Rotation of Audits, the total period of appointment of a firm/LLP as auditor shall be for four financial years provided the firm/LLP continues to be eligible for the said audit, if its point score has not reduced by more than 25 per cent over the previous year’s point score and the firm/LLP has not been debarred from appointment in the year by this office.

    In this regard, we wish to bring to your kind notice that with the revision in norms the percentage reduction in points is substantial. With this, there will be many firms who would not be getting the Audits due to the application of above mentioned clause. So it is requested that such clause may not be applied while allotting the Audits to the empanelled firms. The comparison of points be made from next year with the marks given in the current year under new norms.
    We are sure that you will be kindly considering to our requests favourably.


    Thanking you,

    Yours faithfully
    (CA. Shriniwas Y. Joshi)
    Chairman, Professional Development Committee





  • Jun, 04
    2020
  • Empanelment with the O/o C&AG of India for the year 2020-2021 (27 May 2020)

    The status of provisional Empanelment along with the provisional score points with respect to the Chartered Accountant firms/LLPs firms who have applied for empanelment with O/o C&AG of India for the year 2020-21 will be available from May 28th, 2020 on the website www.care.cag.gov.in.


    All concerned are requested to visit the website and view their status and points. Representations, for any rectification of clerical mistakes in the online data may be sent through email at sao2ca5@cag.gov.in latest by 04.06.2020.


    For any further query or clarification, please contact to the O/o C&AG at 011-23509223/240.



    Chairman,
    Professional Development Committee

  • Feb, 14
    2020
  • Decision of the Council of the Institute regarding cut-off date for condonation of cases for the year 2020-21 (14 Feb 2020)

    The Council has decided to extend the due date of submission ofall forms up to 29th February, 2020 and waive all condonation fees for afurther period of 29 days up i.e to 29th February, 2020 as one time measure.


    This condonation would also automatically allow cut-off for CAG and MEF Empanelment for the year 2020-21 till 29th February, 2020 instead of 31st January, 2020.


    In view of above, the cut-off date of 31st Jan. forcondonation considered for Empanelment in the C&AG Panel prepared by officeof C&AG and Bank Branch Auditors’ Panel prepared by ICAI as per thedecision of the 242nd meeting of the Council, for the year2020-21 only may be considered as:


    “For the purposes of Empanelment in theC&AG Panel prepared by office of C&AG and Bank Branch Auditors’ Panelprepared by ICAI (for which Constitution Certificates as on 1st January, 2020are issued every year), no condonation of delay in submission of Form 18 beyond29th Feb., 2020 for the preceding the financial year under auditwill be done by the Institute”.