1. Belagavi Smart City Limited (BSCL) – An introduction

Belagavi Smart City Limited (BSCL) was incorporated under the Companies Act, 2013

on 11th May 2016 as a Special Purpose Vehicle (SPV) Company of the Government of

Karnataka with equity participation of City Corporation, Belagavi (CCB) and State

Government with the Authorized capital of Rs. 500 Crores to develop Belagavi as a Smart

City as per the Guidelines of the Ministry of Housing and Urban Affairs, Government of India.

 

2. Project Objective

In order to enhance the operational efficiency through internal audit and assisting

BSCL, it wishes to empanel Chartered Accountants Firms for a period of 1 year for providing

Internal Audit and other financial services. BSCL shall select the Chartered Accountants Firm

from the empanelled list. The selected Chartered Accountants Firm will be appointed /

engaged initially for a period of 1(one) year and may be renewed based on the satisfactory

performance and mutually agreed terms and conditions.

 

3. Scope of Services

An indicative list of services which are expected to be offered by the shortlisted CA

Firm are as follows:

 

1. To verify the Books of Accounts of the Company as per Companies Act, 2013 and

applicable according standards including areas of Internal Finance Control and Income

Tax Act, KVAT, GST, etc. And the financial transaction of the Company since its inception

i.e. 10 May 2016.

 

2. Verification of the Cash Book and Bank book on monthly basis and Reconciliation of

Balances.

 

3. To verify the quarterly receipt and payment statement to be placed before the Board in

prescribed Accounts format.

 

 4. Verification of accuracy of TDS deduction and returns filled in prescribed forms with tax

authorities, Return filling of TDS / TCS.

 

5. Verification of Income Tax return and other statutory compliances.

 

6. All financial day to day transactions to be pre-Audited.

 

7. To verify daily report submitted by concerned departments.

 

8. To verify the deposit of Advance Tax to avoid penalty