INVITATION OF APPLICATIONS FROM FIRMS (PARTNERSHIP /LIMITED LIABILITY
PARTNERSHIP/PROPRIETARY CONCERN) OF PRACTICING CHARTERED
ACCOUNTANTS FOR EMPANELMENT AS TECHNICAL REVIEWERS (TRs) WITH THE
NATIONAL FINANCIAL REPORTING AUTHORITY (NFRA)
Information Sheet/ Critical Date Sheet
Application No: NF-11012/2/2019 Dated 07.02.2020
Date of Advertisement publishing 7th Feb 2020
Date & time of document download start 7th Feb 2020
Seek clarification start date 7th Feb 2020
Seek clarification end date 14th Feb. 2020
18th Feb. 2020 at 11:00 Hrs
Conference Room, National Financial Reporting
Pre Application meeting date, time & venue Authority
7th Floor, Hindustan Times House,
18-20, Kasturba Gandhi Marg,
New Delhi 110001.
Reply to Queries 25th February 2020.
Closing date & time for submission of
23rd Mar. 2020 at 14:00 Hrs
application
25th Mar. 2020 at 14:00 Hrs
Application opening date, time & venue
Application Submission # On line (http://eprocure.gov.in)
Lekhan Thakkar,
Executive Director,
National Financial Reporting Authority
Details of contact person 7th-8th Floor, Hindustan Times House,
18-20, Kasturba Gandhi Marg,
New Delhi 110001.
Email: helpdesk@nfra.gov.in
Tel: +91 11 2335 0343
# E-procurement portal will be opened for application after the pre-bid clarification are issued.
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No. NF-11012/2/2019
Government of India
National Financial Reporting Authority
7th-8th Floor,
Hindustan Times House,
18-20, Kasturba Gandhi Marg,
New Delhi 110001.
Dated: 07.02.2020
INVITATION OF APPLICATIONS FROM FIRMS (PARTNERSHIP /LIMITED LIABILITY
PARTNERSHIP/PROPRIETARY CONCERN) OF PRACTICING CHARTERED
ACCOUNTANTS FOR EMPANELMENT AS TECHNICAL REVIEWERS (TRs) WITH THE
NATIONAL REPORTING AUTHORITY (NFRA)
1 Introduction:
1.1 The National Financial Reporting Authority (NFRA) was constituted on 01st October, 2018 by the
Government of India under Sub Section (1) of section 132 of the Companies Act, 2013 to perform the
following function and duties as per Sub Section (2) of Section 132 of the Companies Act, 2013:
(a) Recommend accounting and auditing policies and standards to be adopted by companies for
approval by the Central Government;
(b) Monitor and enforce compliance with accounting standards and auditing standards;
(c) Oversee the quality of service of the professions associated with ensuring compliance with such
standards and suggest measures for improvement in the quality of service;
(d) Perform such other functions and duties as may be necessary or incidental to the aforesaid
functions and duties.
1.2 In exercise of the powers conferred by clause (b) of sub section (2) of section 132 of the Companies
Act, 2013 and Rule 8 of the National Financial Reporting Authority Rules 2018, the NFRA may, for
the purpose of monitoring and enforcing compliance with auditing standards under the Act,
(a) review working papers (including audit plan and other documents) and communications
related to the audit;
(b) evaluate the sufficiency of the quality control system of the auditor and the manner of
documentation of the system by the auditor; and
(c) perform such other testing of the audit, supervisory, and quality control procedures of the
auditor as may be considered necessary or appropriate
The NFRA shall perform its monitoring and enforcement activities through its officers or experts with
sufficient experience in audit of the relevant industry as per sub rule (4) of the rule 8 of the National
Financial Reporting Authority Rules 2018.
1.3 In view of the above, NFRA intends to engage Practicing Chartered Accountants (Partnership
Firm/Limited Liability Partnership/ Proprietary concern) (Hereafter referred to as Technical Reviewer-
TR) for the purpose of helping NFRA in conducting the reviews. For this purpose, NFRA will maintain
a selected list of empanelled TRs through this Application process and work will be allocated to one or
more of the empanelled TRs, as and when required.
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1.4 Definitions:
1.4.1 "Act" means Companies Act, 2013.
1.4.2 "Public Interest Entities (PIEs)" means the following class of companies and bodies corporate,
namely: -
(a) companies whose securities are listed on any stock exchange in India or outside India;
or
(b) unlisted public companies having paid-up capital of not less than rupees five hundred crores
or having annual turnover of not less than rupees one thousand crores or having, in aggregate,
outstanding loans, debentures and deposits of not less than rupees five hundred crores as on
the 31st March of immediately preceding financial year;
or
(c) insurance companies, banking companies, companies engaged in the generation or supply
of electricity, companies governed by any special Act for the time being in force or bodies
corporate incorporated by an Act in accordance with clauses (b), (c), (d), (e) and (f) of sub-
section (4) of section 1 of the Act;
1.4.3 "Technical Reviewer" means Firms (Partnership Firm/Limited Liability Partnership / Proprietary
concern) of Practicing Chartered Accountants, having a valid Certificate of Registration/Practice
from ICAI.
1.5 Detailed Advertisement for Application documents may be downloaded from CPPP e-
procurement website https://eprocure.gov.in or from https://nfra.gov.in/ as per the schedule given in
CRITICAL DATE SHEET. Further, it may be noted that manual application for empanelment will not
be accepted. Late application (received after date and time of closing date of advertisement) shall not
be accepted under any circumstances. Queries, if any, may be mailed to: helpdesk@nfra.gov.in [With
subject as: EMPANELMENT OF TECHNICAL REVIEWERS (TRs)]. NFRA reserves the right to
accept or reject any or all proposals without assigning any reasons. No Applicant shall have any cause
of action or claim against the NFRA for rejection of his proposal.
2. MINIMUM ELIIGIBILITY CRITERIA:
2.1 To be appointed as a TR, an Applicant shall
i. have minimum 5 years' experience in audit of PIEs;
ii. have completed Minimum two statutory audits of PIEs. Statutory Audit of the same PIE for
more than one year shall count as one statutory audit for this purpose;
iii. shall not suffer from any disqualification for being appointed as Auditor under section 141
of the Companies Act 2013.
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iv. not have been subjected to any kind of disciplinary actions from the ICAI or any
regulator/statutory authority in India or outside India.
v. not have received any notice for disciplinary action/show cause from NFRA or ICAI or MCA.
vi. Not be subject to any enquiries into misconduct or criminal proceedings by any statutory
authorities or the Central or a State Government.
2.2 The disqualification as per (iii), (iv), (v) and (vi) shall apply even if any one of the
partners/qualified Assistant of the Partnership Firm/LLP/Proprietorship Firm is subject to such
disqualification. The TR will be required to submit an undertaking in the prescribed format that he/she
fulfils the aforesaid conditions at the time of acceptance of TR assignments.
3. MARKING CRITERIA FOR SHORTLISTING FOR EMPANELMENT OF
TECHNICAL REVIEWERS (TRs).
3.1 TABLE I: MARKS ON THE BASIS OF EXPERIENCE OF THE FIRM
S. Particulars Points to be allocated Maximum
No. points
1 Year of establishment of the Applicant (minimum 1.5 point per year for 12
5 years) every additional year after
5 years
2 Conduct of statutory audit in any of the Public 5 points per Audit 20
Interest Entity in last five years.
3 Conduct of Forensic Audit of any company or 5 points per Forensic audit 10
body corporate in last five years.
4 Conduct of Audit Quality Review assigned by the 1 point per Audit Quality 3
Quality Review Board of ICAI. Review
5 Conduct of Internal Audit in any of the Public 2 points per Internal audit 10
Interest Entity in last five years.
6 Team composition & qualification Table II & III 35
7 Overall Financial strength: Total Revenue of the 10
firm for the latest Financial Year:
Between Rs. 20 and Rs. 30 Lacs 3
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Between Rs. 30 and Rs. 50 Lacs 6
Above Rs. 50 Lacs 10
TOTAL POINTS 100
Note 1: Statutory Audit/Forensic Audit/AQR/Internal Audit of the same entity for more than one
year shall count as one assignment for scoring;
3.2 TABLE II: MARKS ON THE BASIS OF EXPERIENCE OF THE TEAM
S. No. Designation Experience Points to be Maximum
allocated
points
1. Senior Lead More than 15 year 6 6
Partner (One experience
CV)/Proprietor
10 to 15 years of experience 4
5 to 10 year of experience 2
2. Other Partners More than 15 year 3 6
experience
10 to 15 years of experience 2
Below 10 year of experience 1
3. Qualified More than 15 year 3 6
Assistant experience
10 to 15 years of experience 2 4
Below 10 year of experience 1 3
4. Semi Qualified N.A. 0 0
Assistant
Total Point 25
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3.3 TABLE III: MARKS ON THE BASIS OF QUALIFICATIONS OF THE TEAM
S. No. Qualification Points to be allocated per
Member of the team
1. Certification in Forensic Audit by ICAI 1
2. Certified Information Systems Auditor 1
(CISA)/ Diploma in Information System Audit
(DISA)
3. Certificate Course on Indian Accounting 1
Standards (Ind AS) by ICAI
4. Qualified Company Secretary / Qualified Cost 1
Accountant /LLB
5. Maximum Points for the team 10
3.4 Structure of team: Team of Technical reviewer shall include at least one senior partner/ partner
and one qualified assistant.
3.5 Applicant scoring a minimum of 75 marks will be eligible for empanelment, subject to satisfaction
of all other criteria. The maximum number of empanelled applicants will be limited to the top ranked 10
applicants.
4. SCOPE OF WORK. The TR shall undertake the work as per the guidance and requirement of NFRA.
The TR shall basically report on compliance with Accounting and Auditing Standards, guidelines of the
ICAI and provisions of applicable statutes. The exact scope of the work will be specified in detail prior to
allotment of work. It shall be the responsibility of the NFRA to obtain the relevant Audit files pertaining
to the engagement taken up for review. The TR shall examine records at the NFRA office, or remotely if
possible and permissible. The TR's scope would extend to verifying, assessing and evaluating the
response of the Audit Firm.
5. CONDITIONS TO BE FULFILED AT THE TIME OF ALLOTMENT AND ENGAGEMENT
AS A TECHNICAL REVIEWER:
5.1 TR and his team, or any of its network firms, or any of the partners of TR's firm, or that of the
network firms, should not have been the statutory auditor of the company whose audit is under
review. They should not have rendered any other services to the said company during the last
three financial years. They should undertake not to render any services to the said company for a
period of three years after the completion of the review.
5.2 TR and his team, or any of its network firms, or any of the partners of TR's firm, or that of the
network firms, should not have had any association with the Audit Firm under review. They
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should undertake not to have any association with such Audit Firm for a period of three years
after the completion of the review.
5.3 TR and his team complies with all the eligibility conditions laid down for appointment as an
auditor of the company whose audit is under review as provided under section 141(3) of the
Companies Act, 2013.
5.4 TR should ensure that substantial time (not less than 30% of time during the review engagement)
are devoted by the senior lead partner/Proprietor of the Firm.
5.5 The team composition shall be declared at the time of the Application for Empanelment. The
Review Team should not be changed without prior approval of NFRA. In case of any change, the
replacement should be by a person having same or better experience and qualification, as on the
date of replacement.
5.6 All information/records etc. shared by the NFRA with the TR should be kept in strict confidence
and used only for the purposes of the work assigned by the NFRA.
5.7 The TR will be required to submit an undertaking in the prescribed format that he/she fulfils the
aforesaid conditions before taking up TR assignments.
6. PROFESSIONAL FEE AND OTHER TERMS AND CONDITIONS FOR THE TECHNICAL
REVIEWER
6.1 Assignment of Audit engagements for each PIE or Group of PIEs will be done by NFRA from
the empanelled list of TRs. The professional fees admissible in each case will be decided by NFRA
subject to a maximum of Rs 2.00 Lakhs plus taxes and actuals as per Para 6.2 below, if any.
6.2 Travelling Expenses, Hotel Accommodation Expenses & DA/ Local Conveyance Expenses
i. Travelling Expenses: One on site visit to the entity which shall not exceed 7 days or, in
exceptional circumstances for specific reasons to be recorded in writing with prior approval
of NFRA, which shall not exceed 14 days.
For Technical Reviewer/ Other Partners For Qualified Assistants
Economy Class by Air/AC first class by Economy class by AIR/AC-II class by train
Train
ii. Hotel Accommodation Expenses
For Technical Reviewer / Other Partners For Qualified Assistants
Maximum all-inclusive up to RS 7500/- per Maximum all-inclusive up to Rs. 6000/- per
day day
iii. DA/ Local Conveyance Expenses
For Technical Reviewer / Other Partners For Qualified Assistants
RS 2500/- per day RS 2000/- per day
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6.2 Travelling, Hotel accommodation expenses and DA/Local Conveyance expenses will be
reimbursed on actual bill amount subject to the condition mention in 6.2 (a) to (c) only after the
completion of the on-site Review. GST will be paid extra at actuals.
7. PAYMENT OF FEES TO THE TECHNICAL REVIEWER
7.1 TR will be paid fees only after acceptance of Final report by NFRA. NFRA could extend the time
line for work based on justification.
8. PENALTY CLAUSE
8.1 In case of delay in submission of Final report beyond the timeline specified / extended by NFRA,
penalty for each day of delay will be imposed @0.05% of the total fees up to 14 days. Delay beyond 14
days will attract additional penalty for each day of delay @1% (of the total fees) up to 5 days. For example,
in case of delay of 18 days' penalty imposed will be 11% of the total fees payable to TR. (11=
0.5*14+1*4)
8.2 Contract will be terminated for delay beyond 19 days and no fees will be paid to the TR. In such
case NFRA reserves the right to remove the TR from the panel. NFRA also reserves the right to cancel
the contract of TR or remove the TR from the panel in case the progress of work is not as per the schedule
specified in TOR as decided by NFRA.
9. CONTRACTUAL TERMS AND CONDITIONS FOR THE TECHNICAL REVIEWER
9.1 Legal Status: - The TR and his team shall have the legal status of an independent Technical Reviewer
vis-a-vis NFRA and shall not be considered, for any purposes, as a staff member of NFRA or an official
of NFRA. Accordingly, nothing within or in relation to the contract shall establish a relationship of
employer and employee, or of principal and agent, between NFRA and the Technical reviewer.
9.2 Standard of conduct: - In general, the TR and his team will neither seek nor accept instruction from
any authority external to NFRA in connection with the performance of its obligations under the contract.
The TR shall not take any action in respect of its performance of the contract or otherwise related to
obligations under the contract that could adversely affect the interest of NFRA and TR shall perform his
contract with fullest fidelity to the interest of NFRA. The TR shall comply with all the laws, rules and
regulations bearing upon the performance of its obligations under contract.
9.3 Prohibition of Sexual Exploitation and Abuse: - In the performance of the contract, the TR shall
comply with the "Sexual Harassment of Women at Workplace (Prevention, Prohibition and redressal)
Act, 2013". The TR acknowledges and agrees that any breach of any of the provisions thereof shall
constitute a breach of the essential terms of the contract, and, in addition to any other legal rights or
remedies available to any person, shall give rise to grounds for termination of the Contract. In addition,
nothing herein shall limit the right of NFRA to refer any alleged breach of the foregoing standards of
conduct to the relevant national authorities for appropriate legal action.
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9.4 Title Right, Copyrights, Patents and other Proprietary Rights:
i. Title to any equipment and supplies that may be furnished by the NFRA to the TR for the
performance of any obligations under the contract shall rest with NFRA and any such equipment
shall be returned to NFRA at the conclusion of the Contract or when no longer needed by the TR.
Such equipment shall be returned to the NFRA in the same condition as delivered to the TR,
subject to normal wear and tear, and the TR shall be liable to compensate NFRA for any damage
or degradation of the equipment that is beyond normal wear and tear.
ii. NFRA shall be entitled to all intellectual and other proprietary rights, including, but not limited
to, patents, copyrights and trademarks, with regard to products, processes, inventions, ideas,
know-how or documents and other materials which the TR has developed for NFRA under the
contract and which bear a direct relation to or are produced or prepared or collected in
consequence of, or during the course of, the performance of the contract.
9.5 Confidential Nature of Documents and Information: - The TR would be subject to the provisions
of the Indian Official Secrets Act, 1923. The TR shall not, except with the previous approval of NFRA,
publish a book, compilation of articles or participate in Radio/TV broadcast or contribute an article or
write a letter in any newspapers or periodical either in his own name or anonymously or pseudonymously
in the name of any other person, if such book, article, broadcast or letter relates to subject matter assigned
to him by NFRA.
9.6 Use of Name, Emblem or Official Seal of the NFRA: - The TR shall not advertise or otherwise
make public for purposes of commercial advantage, (except for the purpose of participating in
bids/tenders in professional capacity) the contractual relationship with NFRA nor shall the TR, in any
manner whatsoever, use the name, emblem or official seal of NFRA, or any abbreviation of the name of
NFRA, in connection with its business or otherwise without the written permission of NFRA.
9.7 Insurance: The TR shall be solely responsible for taking out and for maintaining adequate insurance
required to meet any of its obligations under the contract, as well as for arranging, at the TR's sole
expense, such life, health and other forms of insurance as the TR may consider to be appropriate to cover
the period during which the TR provides services under the contract.
9.8 Force Majeure and other conditions: Force majeure as used herein means any unforeseeable and
irresistible act of nature, any act of war (whether declared or not), invasion, revolution, insurrection, or
any other acts of a similar nature or force, provided that such acts arise from causes beyond the control
and without the fault or negligence of the TR.
9.9 Termination: The NFRA can terminate the contract at any time without prior notice and without
providing any reason for it. However, in the normal course it will provide one month's notice to the TR.
The TR can also seek for the termination of the contract upon giving one months' notice to NFRA.
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9.10 Settlement of Dispute: NFRA and the TR shall use their best efforts to amicably settle any dispute,
controversy or claim arising out of the contract or breach, termination or invalidity thereof.
9.11 Arbitration: Any dispute, controversy or claim between the parties arising out of the contract or the
breach, termination, or invalidity thereof, unless settled amicably, as provided above, shall be referred by
either of the parties to the Secretary, MCA who may appoint an arbitrator for the settlement of the dispute.
9.12 Conflict of interest: The TR shall be expected to follow all the rules and regulations of the
Government of India which are in force. TR will be expected to display utmost honesty, secrecy of office
and sincerity while discharging their duties. In case the services of the TR are not found to be satisfactory
or found to be in conflict with the interests of the NFRA or Government of India, their services will be
liable for discontinuation without assigning any reason.
9.13 Tax Deduction at Source: The Income Tax or any other tax liable to be deducted as per the
prevailing rules will be deducted at source before effecting the payment, for which the NFRA will issue
TDS Certificate/s. Goods and Service Tax, as applicable shall be admissible to the TR. The NFRA or
Central Government undertakes no liability for taxes or other contribution payable by the TR on payments
made under this contract.
9.14 The jurisdiction for all cases in relation to the TR shall lie with courts in Delhi only.
10. GENERAL TERMS AND CONDITIONS FOR APPLICATION
10.1 Empanelment Document: The application for the Empanelment can be downloaded from the
website of CPPP eProcurement website https://eprocure.gov.in/eprocure/app as per the schedule as given
in CRITICAL DATE SHEET. Applicant can file the application on the following link available on the
website of the NFRA: https://nfra.gov.in/ and same should reach on or before Application opening
date/time as mentioned in CRITICAL DATE SHEET.
10.2 Submission of Applications: - The application will be submitted online as per details given in the
critical date sheet and upload following scan documents along with application are as follows: -
i. Application Format (Annexure II-Form I)
ii. CV's of Partner, Qualified Assistant and Semi Qualified Assistant certified by the senior
partner. (Annexure II-Form II)
iii. Certified copies of Firm Registration certification.
iv. Certified copies of Appointment letter(s) of statutory audits and internal audits in Public
Interest Entities, Forensic Audit.
v. Certified copies of qualification claimed for para 4 (Table I, II and III)
vi. Signed and Scanned copy of PAN and TAN.
vii. Signed and Scanned copy of registration for GST
viii. Signed and Scanned copy of Partner's resolution(s) in favour of authorized representative
of the applicant.*
ix. Proofs for the eligibility and scoring criteria.
*Only one application per firm will be allowed
10.3 Evaluation of Application
Subsequent to the opening of applications online, the application will be evaluated on the basis of
eligibility criteria and submission of all the requisite documents.
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11. Clarifications on the application for the Empanelment Document: -
11.1 The Applicants requiring any clarification on this document shall notify NFRA on CPPP
eProcurement website https://eprocure.gov.in/eprocure/app latest by the date and time as indicated
in Critical Date Sheet of this document. Clarifications sought, are to be asked in the following format:
-
S. No. Clause No. of the Application Query / Clarification sought
invitation document
11.2 A pre application submission meeting will be held with the Applicants at the date, time and venue
as stated in the Critical Date Sheet of this document and pre- application submission meeting minutes/
corrigendum/ clarification will be uploaded on CPPP eProcurement website
https://eprocure.gov.in/eprocure/app.
11.3 Pre- application submission meeting Minutes, corrigendum/ clarifications issued by NFRA, if
any, shall be uploaded on CPPP eProcurement website https://eprocure.gov.in/eprocure/app
website and shall form an integral part of this document and shall amount to an amendment of relevant
clauses of this document or be additional clauses to this document. In case of any change mentioned in
the date/ time in Critical date sheet the same will also be on CPPP website. As such the Applicants are
required to see the CPPP eProcurement website regularly.
12. Opening of Applications:
12.1 NFRA shall open the Applications online at the date, time and venue as stated in the Critical Date
Sheet of this document in the presence of representatives from Applicants, who choose to attend. The
date fixed for opening of Proposals, if subsequently declared as holiday by the Government, the proposals
will be opened on the next working day, time and venue remaining unaltered.
12.2 The representatives of Applicant who wish to be present at the time of the opening of proposals
are required to bring Application Acknowledgement Slip or they can witness Application opening live at
their remote end.
13. Period of Empanelment: - The Empanelled list of TRs will be valid for five years. However,
NFRA reserves the right to scrap the Empanelled list earlier also.
14. NFRA also reserves the rights to:
i. Accept / Reject any of the Application in full or part thereof.
ii. Revise the requirement at the time of placing the order.
iii. Modify, relax or waive any of the conditions stipulated in the tender specification, wherever
deemed necessary.
iv. Reject any or all the tenders in part or full without assigning any reason thereof.
15. The successful Applicant will be required to accept the terms and conditions set by the National
Financial Reporting Authority (NFRA) before award of any assignments.
16. Cost of Tender: The tender document can be downloaded from the website of CPPP
eProcurement website https://eprocure.gov.in/eprocure/app free of cost as per the schedule as given
in CRITICAL DATE SHEET. Applicant can file the application on following link available on the
website of the NFRA : https://nfra.gov.in/ and same should reach on or before Application opening
date/time as mentioned in critical date sheet.
17. Submission of Application: - The application will be submitted online in single stage namely
"Application document for Empanelment as TR" as per details given in the critical date sheet.
Conditional tenders will not be accepted under any circumstances by the NFRA.
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18. Evaluation of Application:
Subsequent to the opening of Application, Applications will be evaluated on the basis of
eligibility criteria and submission of all the requisite documents.
ANNEXURE I
INSTRUCTIONS FOR ONLINE APPLICATION SUBMISSION:
The Applicants are required to submit soft copies of their applications electronically on the CPP Portal,
using valid Digital Signature Certificates. The instructions given below are meant to assist the Applicants
in registering on the CPP Portal, prepare their applications in accordance with the requirements and
submitting their applications online on the CPP Portal. More information useful for submitting online
Application on the CPP Portal may be obtained at: https://eprocure.gov.in/eprocure/app.
REGISTRATION
1) Applicants are required to enrol on the e-Procurement module of the Central Public Procurement
Portal (URL: https://eprocure.gov.in/eprocure/app) by clicking on the link "Online Applicant
Enrolment" on the CPP Portal which is free of charge.
2) As part of the enrolment process, the Applicants will be required to choose a unique username
and assign a password for their accounts.
3) Applicants are advised to register their valid email address and mobile numbers as part of the
registration process. These would be used for any communication from the CPP Portal.
4) Upon enrolment, the applicants will be required to register their valid Digital Signature
Certificate (Class II or Class III Certificates with signing key usage) issued by any Certifying
Authority recognized by CCA India (e.g. Sify / TCS / nCode / eMudhra etc.), with their profile.
5) Only one valid DSC should be registered by Applicant. Please note that the Applicants are
responsible to ensure that they do not lend their DSC's to others which may lead to misuse.
6) Applicant then logs in to the site through the secured log-in by entering their user ID / password
and the password of the DSC / e-Token.
SEARCHING FOR TENDER DOCUMENTS
1) There are various search options built in the CPP Portal, to facilitate Applicants to search active
tenders by several parameters. These parameters could include Applicant ID, Organization
Name, Location, Date, Value, etc. There is also an option of advanced search for tenders,
wherein the Applicants may combine a number of search parameters such as Organization
Name, Form of Contract, Location, Date, Other keywords etc. to search for a tender published
on the CPP Portal.
2) Once the Applicants have selected the tenders they are interested in, they may download the
required documents / tender schedules. These tenders can be moved to the respective `My
Tenders' folder. This would enable the CPP Portal to intimate the Applicants through SMS / e-
mail in case there is any corrigendum issued to the tender document.
3) The Applicant should make a note of the unique Tender ID assigned to each tender, in case they
want to obtain any clarification / help from the Helpdesk.
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PREPARATION OF APPLICATIONS
1) Applicant should take into account any corrigendum published on the tender document before
submitting their applications.
2) Please go through the tender advertisement and the Application document carefully to
understand the documents required to be submitted as part of the Application. Please note the
number of covers in which the Application documents have to be submitted, the number of
documents - including the names and content of each of the document that need to be submitted.
Any deviations from these may lead to rejection of the Application.
3) Applicants, in advance, should get ready the Applications to be submitted as indicated in the
tender document / schedule and generally, they can be in PDF / XLS / RAR / DWF/JPG formats.
Application documents may be scanned with 100 dpi with black and white option which helps
in reducing size of the scanned document.
4) To avoid the time and effort required in uploading the same set of standard documents which
are required to be submitted as a part of every Application, a provision of uploading such
standard documents (e.g. PAN card copy, annual reports, auditor certificates etc.) has been
provided to the Applicants. They can use "My Space" or `'Other Important Documents'' area
available to them to upload such documents. These documents may be directly submitted from
the "My Space" area while submitting a Application, and need not be uploaded again and again.
This will lead to a reduction in the time required for Application submission process.
SUBMISSION OF APPLICATION
1) Applicant should log into the site well in advance for Application submission so that they can
upload the Application in time i.e. on or before the Application submission time. Applicants will
be responsible for any delay due to other issues.
2) The Applicant has to digitally sign and upload the required Application documents one by one
as indicated in the tender document.
3) The server time (which is displayed on the Applicants' dashboard) will be considered as the
standard time for referencing the deadlines for submission of the applications, opening of
applications, etc. The Applicants should follow this time during application submission.
4) All the documents being submitted by the Applicants would be encrypted using PKI encryption
techniques to ensure the secrecy of the data. The data entered cannot be viewed by unauthorized
persons until the time of Application opening. The confidentiality of the applications is
maintained using the secured Socket Layer 128-bit encryption technology. Data storage
encryption of sensitive fields is done. Any Application document that is uploaded to the server
is subjected to symmetric encryption using a system generated symmetric key. Further this key
is subjected to asymmetric encryption using buyers/ Application openers public keys. Overall,
the uploaded tender documents become readable only after the tender opening by the authorized
Application openers.
5) The uploaded application documents become readable only after the tender opening by the
authorized Application openers.
6) Upon the successful and timely submission of Application (i.e. after Clicking "Freeze
Application Submission" in the portal), the portal will give a successful Application submission
message & a Application summary will be displayed with the Application no. and the date &
time of submission of the Application with all other relevant details.
7) The Application summary has to be printed and kept as an acknowledgement of the submission
of the Application. This acknowledgement may be used as an entry pass for any Application
opening meetings.
Page 13 of 21
ASSISTANCE TO APPLICANTS
1) Any queries relating to the tender document and the terms and conditions contained therein
should be addressed to the Tender Inviting Authority for a tender or the relevant contact person
indicated in the tender.
2) Any queries relating to the process of online Application submission or queries relating to CPP
Portal in general may be directed to the 24x7 CPP Portal Helpdesk. The contact number for the
helpdesk is 1800 3070 2232. Applicants can also get help at +91-7878007972 & +91-
7878007973.
****
Page 14 of 21
ANNEXURE-II
FORM I
APPLICATION FORM FOR EMPANELMENT AS A TECHNICAL REVIEWER WITH THE
NATIONAL FINANCIAL REPORTING AUTHORITY
1 APPLICANT FIRM
PROPRIETOR/INDIVIDUALCONCERN
2 FIRM
LLP PARTNERSHIP
FRN NO. / LLPIN
FIRM/LLP NAME
FIRM/LLP CONSTITUTION DATE
WEB SITE
3 PROPRIETARY NAME OF THE CONCERN
CONCERN
CONCERN CONSTITUTION DATE
WEB SITE
4 PROPOSED
TEAM OF SENIOR LEAD PARTNER/ PROPRIETOR, NUMBER OF PARTNERS,
TECHNICAL NUMBER OF QUALIFIED ASSISTANTS, NUMBER OF SEMI-
REVIEWER QUALIFIED ASSISTANTS.
Page 15 of 21
S.NO. Name of Person Role in the Experience
Team
5 SENIOR LEAD NAME
PARTNER/
PROPRIETOR
GENDER MALE FEMALE
MEMBERSHIP NO OF ICAI
ASSOCIATE MEMBER SINCE
FELLOW MEMBER SINCE
DETAIL OF OTHER EDUCATIONAL & PROFESSIONAL
QUALIFICATION, IF ANY
(Annexed document as per the declaration in the head)
Certification in Forensic Audit
Certified Information Systems Auditor (CISA)
Diploma in Information System Audit (DISA)
Qualified Company Secretary / Qualified Cost Accountant /LLB
Page 16 of 21
Certificate Course on Indian Accounting Standards (Ind AS) by ICAI
Other Qualifications Please specify
6 DETAILS OF Attach Separately
PARTNERS
7 MINIMUM TOTAL YEARS OF EXPERIENCE IN AUDIT OF PIEs
ELIIGIBILITY
DETAILS OF MINIMUM TWO STATUTORY AUDITS OF PIEs
CRITERIA
S.NO. ENGAGEMENT PERIOD TEAM FOR
ENGAGEMENT
1.
2.
OTHER REQUIREMENT
S.NO. Particular Information
1 Suffer from any disqualification for Yes No
being appointed as Auditor under
section 141 of the Companies Act
2013.
2 Have been subjected to any kind of Yes No
disciplinary actions from the ICAI or
any regulator/statutory authority in
India or outside India.
3 Received any notice for disciplinary Yes No
action/show cause from NFRA or
ICAI or MCA.
4 Any enquiries into misconduct or Yes No
criminal proceedings by any statutory
authorities or the Central or a State
Government
(A "YES" in any of the above will make the Applicant ineligible to apply)
8 WORK ATTACH SEPARATELY
EXPERIENCE
OF THE FIRM
RELEVANT TO
SCORING
CRITERIA
Page 17 of 21
PROPOSED
TEAM S.NO. NAME DESIGNATION DETAILS OF EXPERIENCE
COMPOSITION IN AUDIT OF PIES,
(ATTACH CVS EXPERIENCE IN
FORENSIC/TECHNICAL
OF TEAM
REVIEW/INTERNAL AUDIT
MEMBERS IN
FORM II ) 1.
2.
3.
UNDERTAKING I __________( Authorised Person) on behalf of _________(Firm Name /FRN
NO.) do hereby undertake and declared that I have gone through all the terms
and conditions of the invitation for application vide document No___________
dated _____ and accept the conditions unconditionally submit hereby our/my
9
Application in response to the said invitation.
10 NAME AND
SIGNATURE OF
THE
AUTHORISED
SIGNATORY
WITH DATE Name of the Authorised signatory with date and seal
AND SEAL
Page 18 of 21
FORM II
CV FORMAT FOR TEAM MEMBER (SENIOR LEAD PARTNER/ PROPRIETOR, PARTNER,
QUALIFIED ASSISTANT, SEMI-QUALIFIED ASSISTANT)
1 PHOTO
BASIC NAME
2 DETAIL
GENDER MALE FEMALE
FATHER'S /HUSBAND'S NAME
DATE OF BIRTH
MAILING ADDRESS
E-MAIL ADDRESS:
Page 19 of 21
TELEPHONE NO (WITH STD CODE)
MOBILE NO
FAX NO (WITH STD CODE)
ICAI
3 MEMBERSHI
P NUMBER
(Please enclose
self-attested
photocopy of
Membership
Certificate)
(if applicable)
ASSOCIATED
4 MEMBER
SINCE
(Please enclose
self-attested
photocopy of
necessary
certificate
issued by ICAI)
FELLOW
5 MEMBER
SINCE
(Please enclose
self-attested
photocopy of
necessary
certificate
issued by ICAI)
EXPERIENCE
6 IN NUMBER
OF YEARS
Page 20 of 21
AFTER
QUALIFYING
CHARTERED
ACCOUNTAN
T
EDUCATION
7 QUALIFICAT
IONS
S.NO. EDUCATION PASSING YEAR BOARD PERCENT DURATI
QUALIFICATION /INSTITUTE AGE ON
1.
2.
PROPOSED SENIOR LEAD PARTNER/ PROPRIETOR
8 ROLE IN TR
TEAM PARTNER
QUALIFIED ASSISTANT
SEMI-QUALIFIED ASSISTANT
PROPOSED
9 TIME
DEVOTED
FOR TR (IN %
OF TOTAL
DURATION)
NAME AND
10 SIGNATURE
Page 21 of 21
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