Page 124 - Quick Insights Book 2022

Ann. 2.1 – Policy of Empanelment of CA Firms/LLPs and Selection of Auditors

FORM A
INFORMATION TO BE SUBMITTED BY THE NBFCS REGARDING APPOINTMENT OF SCA/SA

The company has appointed M/s ____________________, Chartered Accountants (Firm Registration Number _________________)
as Statutory Central Auditor (SCA)/Statutory Auditor (SA) for the financial year _____________ for their 1st/2nd/3rd term.
2. The company has obtained eligibility certificate from (name and Firm Registration Number of the audit firm) appointed as
SCA/SA of the company for FY along with relevant information in the format as prescribed by RBI.
3. The firm has no past association/association for ___________ years with the company as SCA/SA/SBA.

4. The company has verified the said firm’s compliance with all eligibility norms prescribed by RBI for appointment of SCAs/
SAs of NBFCs.

Signature
(Name and Designation)

Date:
FORM B
ELIGIBILITY CERTIFICATE FROM (NAME AND FIRM REGISTRATION NUMBER OF THE FIRM)

A. Particulars of the firm:

Asset Size of Number of Out of total Number of Full Number of Number of
Entity as on 31st Full-Time FTPs, Number Time Partners/ Years of Audit Professional staff
March of Previous partners (FTPs) of FCA Partners Paid CAs Experience#
Year associated* with associated with with CISA/ISA
the firm for a the firm for a Qualification
period of three (3) period of three (3)
years years

*Exclusively associated in case of all Commercial Banks (excluding RRBs), and UCBs/NBFCs with asset size of more
than ₹ 1,000 crore

#Details may be furnished separately for experience as SCAs/SAs and SBAs

B. Additional Information:
(i) Copy of Constitution Certificate.
(ii) Whether the firm is a member of any network of audit firms or any partner of the firm is a partner in any other audit
firm? If yes, details thereof.
(iii) Whether the firm has been appointed as SCA/SA by any other Commercial Bank (excluding RRBs) and/or All India
Financial Institution (AIFI)/RBI/NBFC/UCB in the present financial year? If yes, details thereof.
(iv) Whether the firm has been debarred from taking up audit assignments by any regulator/Government agency? If yes,
details thereof.
(v) Details of disciplinary proceedings etc. against firm by any Financial Regulator/Government agency during last three
years, both closed and pending.

C. Declaration from the firm
The firm complies with all eligibility norms prescribed by RBI regarding appointment of SCAs/SAs of Commercial Banks
(excluding RRBs)/UCBs/NBFCs (as applicable). It is certified that neither I nor any of our partners / members of my /
their families (family will include besides spouse, only children, parents, brothers, sisters or any of them who are wholly
or

Quick Insights on Professional Opportunities for Chartered Accountants 111