Reserve Bank Of India [RBI] — Allotment of statutory bank branch audit by nationalised banks 2015-16

We are in the Final Panel of Bank Branch audit for the year[protected], MEF Application No : 09341, Unique Code No : 340378, Firm’s registration No : 322421E, Category IV, rested / cooling periods from the year[protected],[protected],[protected], .[protected], Firms standing since 1994, Proprietor standing in the profession since 1970.
Why and what are the reasons we have not yet received any communication from any Banks? May it be PDC of ICAI failed to provide the list of auditors whose cooling period is more than two years of otherwise to RBI and Banks for conducting bank Statutory audit for the year[protected]

Your firm M/s SEN & CO(UCN :073454)MEF :09270 RBI Category -III is in the panel of RBI since 1995.Our firm established in 1994 is having 4 partners, 2 partners with DISA qualification (with one all india merit rank), One having certificate on concurrent audit of banks, and one partner ex-banker with more than 30 yrs exp.We have called by BOB this year i.e13.03.2017 and after assuring us of allotment backed out on 15.03.2017 for reasons better known to them.We are under cooling period for last two years.Mails send to the respective bank to know the reason has fallen on deaf years.

The process of allotment has been shrouded with mistry.Looks extraneous factors other than qualification & experience are deciding the process. For the interest of all stakeholders of banking industry the ICAI should take steps to make the allotment process transparent and equitable

CAN I HAVE AN ANSWER PLEASE!!

Why so many process are require to be complied with, when you are Unable to assured to get Bank Branch Statutory audit even after cooling / rested periods five years ( 2011-12,[protected],[protected],[protected].[protected] and even this year[protected] when mandatory rested period Three / two years .

( MEF Application No : MEF 09341. Firm Registration No : 322421 E, RBI’s Unique Code No : 340378, Name of the Firm : S.C.Podder & Associates, Chartered Accountants, Kolkata . Telephones[protected]. Mobile : [protected], Email ID 1. < [protected]@gmail.com > 2. [protected]@gmail.com > active Profession since 1971, Now category 1V,

1. Pre – MEF data verification dated 31/05/2016 ( Complied with )
2. Submission of MEF application form at MEF-ICAI.ORG Portal on 18/08/2016
3. Submission of Signed copy of Declaration, and a Print of MEF application no MEF 09341 dated[protected] by courier on[protected] duly received by PDC – ICAI on[protected]
4. Again Verification of Part B and Part C of MEF[protected] live from 10-11-16 to[protected], duly complied with by us
5. Verification draft lists ( Draft MEF List )
6. Verification of Final List ( after submission of other documents, such as financial documents etc )
7. Anxiously waited for the assignment till 20/03/2017

Is it necessary? You can simply say that category IV ( 4th class staff ) will not get any bank audit, save and except those who have connected with the Banks regional officials etc.

I feel our firm Names has not been referred by the PDC- ICAI to RBI / and Banks stating that the cooling period of this firm is over five years. Proper submissions need s to be care off !!!
A quite number of Members including Central Council / Regional council elected members are indirectly telling contact with / give details of the firm’s / so that we may refer it to local regional offices for getting audit, others are saying try to contact with banks before the end of January every year . Said I am not a “beggar Chartered Accountants “ to give Oil/ otherwise to that unscrupulous persons to get audit. My standing in the profession since 1971, have to wait and see all this practices of the Banks .
How fair certificates, and financial statements of a bank / branches be expected from a member of the CA firm by the Banks? !!!

What for you are here ?