Inviting expression of interest from eligible Firms of Chartered Accountants
ICAI Accounting Research Foundation (ICAI ARF) established by the Institute of Chartered
Accountants of India in January, 1999, as a Section 25 Company under the Companies Act, 1956
(now a Section 8 Company under the Companies Act, 2013), for promoting research in the areas
of accounting, auditing, capital markets, fiscal policies, monetary policies and other related
disciplines.
ICAI ARF hereby invites proposals from eligible Chartered Accountant Firms having preferably
their Head Office at following places to be associated for handling its upcoming project of
Indian Railways for conversion of its books of accounts from hybrid to accrual accounting:
RFP No. Zonal Railway Place State Minimum Team
Requirement
Team Team
Leader Member
ARF/RFP/Mar 17/01 Central Railway Mumbai Maharashtra 1 5
ARF/RFP/Mar 17/02 Eastern Railway Kolkata West Bengal 1 5
ARF/RFP/Mar 17/03 East Central Railway Hajipur Bihar 1 4
ARF/RFP/Mar 17/04 East Coast Railway Bhubaneshwar Orissa 1 2
ARF/RFP/Mar 17/05 North Central Railway Allahabad Uttar Pradesh 1 3
ARF/RFP/Mar 17/06 North Eastern Railway Gorakhpur Uttar Pradesh 1 3
ARF/RFP/Mar 17/07 Northeast Frontier Railway Guwahati Assam 1 4
ARF/RFP/Mar 17/08 North Western Railway Jaipur Rajasthan 1 4
ARF/RFP/Mar 17/09 Southern Railway Chennai Tamil Nadu 1 4
ARF/RFP/Mar 17/10 South Central Railway Secunderabad Telangana 1 4
ARF/RFP/Mar 17/11 South Eastern Railway Kolkata West Bengal 1 4
ARF/RFP/Mar 17/12 Southeast Central Railway Bilaspur Chhattisgarh 1 3
ARF/RFP/Mar 17/13 South western Railway Hubli Karnataka 1 3
ARF/RFP/Mar 17/14 Western Railway Mumbai Maharashtra 1 6
ARF/RFP/Mar 17/15 West Central Railway Jabalpur Madhya Pradesh 1 3
ARF/RFP/Mar 17/16 Kolkata Metro Kolkata West Bengal 1 2
Production Units
ARF/RFP/Mar 17/17 Diesel Locomotive Works Varanasi Uttar Pradesh 1 2
ARF/RFP/Mar 17/18 Chittaranjan Locomotive Chittaranjan, West Bengal
1 2
Works Asansol
ARF/RFP/Mar 17/19 Integral Coach Factory Chennai Tamil Nadu 1 2
ARF/RFP/Mar 17/20 Rail Coach Factory Kapurthala Punjab 1 2
ARF/RFP/Mar 17/21 Rail Wheel Factory Bangalore Karnataka 1 2
ARF/RFP/Mar 17/22 Diesel Modernization Works Patiala Punjab 1 2
ARF/RFP/Mar 17/23 Modern Coach Factory Rae Bareilly Uttar Pradesh 1 2
ARF/RFP/Mar 17/24 Rail Wheel Factory Bela Bihar 1 2
To assure about the capacity, the firm must satisfy the following eligible criteria:
I. The Firm should be registered with The Institute of Chartered Accountants of India (ICAI)
and have Income Tax Permanent Account Number (PAN) and Service Tax Registration;
II. The Firm should have been in operation for at least 10 years after its registration;
III. The Firm should be empanelled with Comptroller and Auditor General of India in
category of major audits ;
IV. Average Annual Receipts (i.e. Average Gross Professional Fees) of the Firm in the last 3
financial years ending on March 31st, 2016 must be equal to or more than Rs. 1 (One)
Crore;
V. The Applicant will be declared ineligible if its performance or that of any of its partner(s)
in current/ previous assignment with ICAI/ ICAI ARF is unsatisfactory.
VI. The firm must not have not been debarred or blacklisted in any of the government
organizations.
VII. None of the partners or CA employee of the firm thereof is related / associated with any
Member of the Central Council / Regional Council or Managing Committee of any of the
Branches of ICAI.
Engagement of Key Personnel by the Chartered Accountants Firms
The Chartered Accountant firm is required to engage qualified, experienced and dedicated staff
to handle the entire assignment for a period of minimum six months or completion of the
assignment, whichever is later. The team shall be deployed on an exclusive basis. All team
members shall be stationed full time in the office of respective Indian Railways during the
currency of the assignment. The required profile of the key professionals and their desired
experience are given herein below:
Position Qualification Experience
Team FCA Partner of the firm with minimum 10 years' experience preferably
Leader in the area of Government Accounting in India and managing and
maintaining business applications, worked on Business Intelligence
in large enterprises Applications. Good understanding of online
applications with various interfaces and must have played a role in
business requirement gathering and documentation. Project
management experience is necessary. Knowledge of Railways'
Accounting System will be an added advantage.
Team CA Chartered Accountant with minimum 5 years' experience
Member preferably in the area of Government Accounting in India.
The firms satisfying the above eligibility criteria may fill their particulars in the Google
Document created for this purpose and hosted at the hyperlink
https://goo.gl/forms/ah8Cztq8MOtzilI73 latest by 20 March, 2017.
th
In turn, ICAI ARF will send them the RFP (Request For Proposal) document via email.
Chairman, Professional Development Committee
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