Introduction 1.

1. Invitation to Bidders

By way of this Request for Tender (‘RFT’) Document, (hereinafter also referred to as ‘the Bid Document’ or ‘the Tender Document’) ECGC Limited (hereinafter referred to as ‘ECGC’), a Company wholly owned by Government of India and set up in and set up in 1957, invites competitive Bids from the Chartered Accountant Firms from Mumbai (‘the Bidder(s) for ‘Appointment of the Chartered Accountant Firms for “Quarterly Concurrent Audit of Investment Transactions” as per the circulars issued by IRDAI from time to time and as per the procedure laid down in the "Technical Guidelines on Internal/Concurrent Audit of Investment Functions of Insurance Companies issued by ICAI (in consultation with IRDA) and additional scope / guidelines as amended from time to time by IRDAI / ICAI.

The “Technical and Commercial Bids” along with other documents would be received by the Company from the bidders in physical form.

The Bidder(s) are advised to study the Tender Document carefully. Submission of Bids shall be deemed to have been done after careful study and examination of the Tender Document with full understanding of its implications.

Please note that all the required information as sought in the Tender Document shall be provided by the bidders. Incomplete information may lead to rejection of the Bid. The Company reserves the right to change the dates mentioned in this RFT Document, which will be communicated to the Bidder(s), and shall be displayed on ECGC’s website. The information provided by the Bidder(s) in response to this RFT Document will become the property of ECGC and will not be returned. ECGC reserves the right to amend, rescind or reissue this RFT Document and all subsequent amendments, if any to this RFT Document. Amendments or changes shall be communicated directly and/or displayed at ECGC’s website only.

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