Page 125 - Quick Insights Book 2022

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

mainly dependent on the Chartered Accountants) or the firm / company in which I am / they are partners / directors have been
15
declared as wilful defaulter by any bank / financial institution.
It is confirmed that the information provided above is true and correct.

Signature of the Partner

(Name of the Partner)
Date:
FORM C
CERTIFICATE TO BE SUBMITTED BY THE COMMERCIAL BANKS (EXCLUDING RRBS) AND
UCBS REGARDING ELIGIBILITY OF AUDIT FIRM PROPOSED TO BE APPOINTED AS SCA/SA
The bank/UCB is desirous of appointing 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 and
therefore has sought the prior approval of RBI as per the section 30(1A) of the Banking Regulation Act, 1949/ Section 10 (1) of
the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980/ Section 41(1) of SBI Act, 1955.

2. The bank/UCB has obtained eligibility certificate (copy enclosed) from (name and Firm Registration Number of the audit
firm) proposed to be appointed as Statutory Central Auditor (SCA)/Statutory Auditor of the bank/UCB for FY _______
along with relevant information (copy enclosed), in the format as prescribed by RBI.
3. The firm has no past association/association for _______________ years with the bank/UCB as SCA/SA/SBA.

4. The bank/UCB has verified the said firm’s compliance with all eligibility norms prescribed by RBI for appointment of SCAs/
SAs of Commercial Banks (excluding RRBs)/UCBs.
Signature

(Name and Designation)
Date:

Table 1 – List of Circulars/Instructions superseded by this Circular

Sl. No. Circular/Instruction No. Date Subject
1 DBOD.No.App.BC.57/C.452(K)-83 July 07, 1983 Appointment of Statutory Auditors as Internal Auditors
of Banks
2 DBOD.No.APP.BC.101/C.452(K)-83 December 15, 1983 Statutory Audit by External Auditors

3 DBOD.No.App.BC.107/C.452(K)-84 November 13, 1984 Appointment of Statutory Auditors as Internal Auditors
of Banks
4 DBOD.No.App.BC.28/C.452(K)-85 March 12, 1985 Appointment of Statutory Auditors as Internal Auditors
of Banks

15 For the purpose of this declaration, the credit facilities availed by companies where the partner of a firm has been appointed as non-executive
director in a professional capacity having no financial interest shall not be included.

112 Quick Insights on Professional Opportunities for Chartered Accountants