Empanelment for Appointment of CA Firms as Statutory Auditor of Airport Authority of India

Airport Authority of India invites Applications from CA Firms to be appointed as Statutory Auditors for conducting a statutory audit of concessionaires at Jaipur International Airport.

Expression of Interest (EOI) is invited through CPP Portal by Asst. General Manager (JVC/PPP), Airports Authority of India, Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi-110003, [Bid Manager] on behalf of Chairman, Airports Authority of India for “Empanelment for appointment of Statutory Auditor for conducting statutory audit of concessionaire at Jaipur International Airport”. The Panel shall be valid for period of 05 (five) years.

Airports Authority of India

Airports Authority of India (AAI), established under Airports Authority of India Act, 1994, is a Miniratna Category-I Public Sector Enterprise. AAI is mandated to manage the airports, civil enclaves and the aeronautical communication stations efficiently. Currently, AAI manages a total of 136 Airports which include 24 International Airport, 10 Custom Airport, 80 Domestic Airport and 22 Civil Enclaves at Defense Airfields.

AAI is responsible for planning, developing and construction of aerodromes and allied facilities for sustained growth of civil aviation infrastructure in India. AAI in its persistent efforts to provide world-class infrastructure and services to stakeholders, has been endeavoring to excel amongst its global peers by undertaking various initiatives.

Empanelment of Chartered Accountant Firms

AAI has undertaken an open competitive EOI process in accordance with the procedures set out for selecting an entity who will be responsible for undertaking, inter alia, the Operations, Management & Development of Jaipur International Airport in accordance with the Concession Agreement (CA).

As per Concession Agreement, AAI intends to short list and nominate a panel of 06 (Six) Chartered Accountancy Firms to the Concessionaire. The Concessionaire shall have the right to object one or more of such nominees but not in any circumstances exceeding 3 (Three) nominees. The Concessionaire shall appoint its Statutory Auditor from the Panel of Chartered Accountants. All fees and expenses of Statutory Auditors shall be borne by the Concessionaire.

Further, the Concessionaire may terminate the appointment of its Statutory Auditors in accordance with the provisions of the Companies Act, 2013 and with the consent of the Authority, subject to replacement of Statutory Auditors being appointed from the Panel of Chartered Accountants.

Eligibility Criteria

Applicants must read carefully the eligibility criteria provided herein. Proposal of only those applicants who fulfil the following eligibility criteria will be considered for empanelment.

i) The firms should have conducted statutory audit of the annual accounts of at least one hundred (100) Companies registered under the Companies Act,1956 or 2013 as the case may be, including any re-enactment or amendment thereof, of which at least ten should have been public sector undertakings*.

ii) The firm should have at least 05(five) practicing Chartered Accountants on its rolls**, each with a minimum experience of 10(ten) years in the profession.

iii) The firm or any of its partners should not have been disqualified or black listed by the Comptroller and Auditor General of India or the Authority.

iv) The firm should have an office in the State or in any adjacent State with at least 2 (two) practicing Chartered Accountants on its roll in such State.

(State means Delhi, in which the registered office of the Authority is situated)

Note:

(1) (i) * For evaluation purpose, work/experience of following shall be counted under the head of Public Sector Undertaking (PSU).

(a) Statutory audit of CPSU/Govt. Company as defined under companies Act, 2013; subsidiary company of CPSU constituted with other CPSU or SLPSU or GOI or State Govt. Company; subsidiary company or subsidiary of a Government Company; joint-venture companies formed by various government companies or public sector undertakings.

(b) Statutory audit of State level PSU (SLPSU) work including State Govt Companies constituted by State Government. Company formed under Joint Venture of different SLPSU.

(c) Bank experience of Public Sector banks like SBI, PNB, Bank of Baroda, Oriental Bank of Commerce and their wholly owned Subsidiaries/Affiliates like SBI Cap/ SBI Capital/SBI Funds etc.

(d) Experience of all Public Insurance companies under the hold of GOI.

(e) Companies constituted from the partnership between PSU and Private Firm, where 51% or more equity hold by CPSU or SLPSU.

(ii) * For evaluation purpose, work/experience of following shall not be counted under this head of Public Sector Undertaking (PSU).

(a) Statutory Audit of Cooperative Societies; Federation of Co-operative Society; State Govt Department; Audit of Govt Schemes launched by State or Central Govt.

(b) Missions launched by Central or State Govt.; Central Govt./State Govt. Educational or Technical Institutions.

(2) ** For evaluation purpose, both Partners and Paid Chartered Accountants shall be considered, having COP (Certificate of Practice) issued by ICAI and their date of becoming ACA is considered to determine their experience in the profession.

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