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 Mahanagar Telephone Nigam Limited, Lodhi Road, New Delhi
 Raipur Smart City Ltd., Raipur (C.G.)
 Andhra Pradesh Capital Region Development Authority, Vijayawada, A.P.
 Odisha Power Generation Corporation Limited, Bhubaneswar, Odisha
 Corrigendum Syama Prasad Mookerjee Port, Kolkata, West Bengal
 Jharkhand Bijli Vitran Nigam Limited, Ranchi, Jharkhand
 Assam Health Infrastructure Development and Management Society, Guwahati, Assam
 Uttar Pradesh Real Estate Regulatory Authority, Lucknow, Uttar Pradesh
 25 LPA Opening Auditor Fund Management
 Punjab National Bank, Gurugram, Haryana
 M.P. Water and Land Management Institute, Bhopal, Madhya Pradesh

National Financial Reporting Authority, New Delhi
February, 18th 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 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.




                                                                                       Page 1 of 21
                                                                                     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.

                                                                                               Page 2 of 21
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.


                                                                                               Page 3 of 21
        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


                                                                                                   Page 4 of 21
     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




                                                                                     Page 5 of 21
          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
                                                                                               Page 6 of 21
      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


                                                                                          Page 7 of 21
 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.


                                                                                               Page 8 of 21
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.




                                                                                                Page 9 of 21
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.


                                                                                                    Page 10 of 21
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.
                                                                                       Page 11 of 21
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.








                                                                                             Page 12 of 21
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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