Empanelment of CA Firm for Concurrent Audit of Bank of Baroda
Reetu | May 27, 2022 |
Empanelment of CA Firm for Concurrent Audit of Bank of Baroda
RFP for Appointment of concurrent audits for accounts opened / RE-KYC / KYC Updation / CDD of authorised signatories and Beneficial Owners (BOs) in case of Legal Entity (LE) / any other activity as proposed by the RBI / Bank through V-CIP process conducted by the V-CIP cells
This Request for Proposal (RFP) document has been prepared solely for the purpose of enabling Bank of Baroda (“the Bank”) for Appointment of One Concurrent Audit Firm for carrying out concurrent audits for accounts opened / RE-KYC / KYC Updation / CDD of authorised signatories and Beneficial Owners (BOs) in case of Legal Entity (LE) / any other activity as proposed by the RBI/ Bank through V-CIP process conducted by -3- V-CIP cells at Gandhinagar, Bengaluru and New Delhi for -12- months from the date of engagement i.e. from 01st July 2022 to 30th June 2023.
The RFP document is not recommendation, offer or invitation to enter into a contract, agreement or any other arrangement, in respect of the services. The provision of the services is subject to observance of selection process and appropriate documentation being agreed between the Bank and any successful Firms identified by the Bank, after completion of the selection process as detailed in this RFP document.
The RFP document is intended solely for the information of the party to whom it is issued (“the Recipient” or “the Respondent”) and no other person or organization.
Bank of Baroda hereby invites responses from competent and registered Chartered Accountancy Firms registered with ICAI & RBI for Appointment of Concurrent Auditor for carrying out Concurrent Audit for accounts opened / Re-KYC / any other activity as proposed by the RBI/Bank through V-CIP process conducted by the V-CIP cells initially engagement for -12- months from the date of engagement i.e. from 01st July 2022 to 30th June 2023 and may be extended annually for further two years, subject to satisfactory performance.
18th May 2022
Amar Gupta
0265-2316793 / 2316752
Bank of Baroda
KYC-AML Dept. 7th Floor,
Baroda Bhavan
R C Dutt Road, Alkapuri
Baroda Gujarat 390007
05.00 PM 28th May 2022
05.00 PM on 31st May 2022
03.00 PM Dated 07th June 2022
In case, Bidders opt for submission of Proposal through E-Mail:
1. Bidders will be required to submit their Eligibility and Technical bids with all documents as attachment on email.
2. Commercial bid will be emailed as a separate pdf attachment, which will be password protected.
3. The Bank will seek password of commercial bid on email from only those bidders who qualify on Eligibility and Technical grounds as mentioned in RFP.
4. Bidders are strictly advised not to share the password for Commercial bid along with their submissions.
5. All bids should be e-mailed to [email protected].
11.30 AM, 9th June 2022
Eligible short-listed bidders may be invited for a presentation on the Technical Proposal at the discretion of the management. Date for the presentation will be communicated to the short-listed bidders; the Bank’s decision is final in this regard.
The Financial Proposals of only those who qualify in Technical Proposal will be opened. The date for opening of the Financial Proposal would be communicated separately only to those bidders who are eligible and Technically qualified.
INR 5,000/- (Rupees Five Thousand Only) by DD / Pay Order in favour of ‘Bank of Baroda’ payable at Baroda issued by schedule commercial Bank and should be valid minimum up to 18-08-2022.
In case, Bidders opt for submission of Proposal through E-Mail, Application Money to be deposited in the Banks account through NEFT as per following detail: (UTR Details to be submitted in Annexure 14)
A/c Name – Bank of Baroda, H.O., Office Admin
A/C No – 02000400000062
IFSC Code – BARB0ALKAPU (Please note – Zero at fifth place)
(UTR Details to be submitted in Annexure 14)
Bid security (Earnest Money deposit)
INR 40,000/- (Rupees Forty Thousand Only) by DD / Pay Order payable in favour of ‘Bank of Baroda’ at Baroda or by Bank Guarantee issued by schedule commercial Bank other than Bank of Baroda and should be valid up to 31.12.2022. (In the format given in Annexure 12)
In case, Bidders opt for submission of Proposal through E-Mail, EMD to be deposited in the account through NEFT as per following detail:
A/c Name – Bank of Baroda, H.O., Office Admin
A/C No – 02000400000062
IFSC Code – BARB0ALKAPU (Please note – Zero at fifth place)
(UTR Details to be submitted in Annexure 14)
For Micro and small Enterprises (MSEs) and the start-up firm registered with the concerned Ministries / Departments: “Bid Security Declaration” as per Annexure 15 for exemption of EMD, if applicable.
NOTE:
The payment of Application Money & Earnest Money Deposit should be made separately, if payment is being made through online transfer/NEFT narration of “V-CIP RFP” to be mentioned in remarks column.
The Bank shall not be responsible if any e-mail is not received by the Bank/Bounced back. The bidder to confirm with the Bank over phone immediately after sending the application for the Bid.
1. The Bidder should be a Chartered Accountancy Firm, registered with ICAI. The Bidder should be a Partnership Firm/ Limited Liability Partnership.
2. The Bidder Firm should be Category-I as suggested by RBI for Statutory Audit as available on Website www.meficai.org (latest).
3. The Bidder should have carried out Concurrent Audit of Branch/Back-Offices of minimum of 2 scheduled commercial banks in the last 5 years.
4. The Bidder should have carried out Statutory Audit of Branches/Offices/BackOffices of scheduled commercial banks during last five financial years.
5. The Bidder should have minimum of -2- CISA/ DISA qualified CA partners/ CA Qualified permanent staff as per ICAI certificate of Registration.
6. The Auditor should have office at least 2 out of 3 centres i.e. at Gandhinagar* Bengaluru &New Delhi and able to deploy minimum 4 or 2 CA / Qualified staff for Gandhinagar and 2 centres at Bengaluru, & New Delhi centres respectively along with one Team Leader at each centre on commencement of engagement and also be able to deploy additional resources as and when required to complete the assignment seamlessly.
7. The Bidder firm should not have been black listed/ debarred by any Government Financial Institutions/ Banks/ RBI/ ICAI/ IBA/ Government/ Semi Government Departments/ PSUs in India.
8. The Bidder should not be owned or controlled by any Director or Employee of Bank of Baroda, both present and those who have retired in the last two years, or by any of their relatives. Further, the Bidder shall not engage any of the foregoing persons as partners, employees or contractors for any work whether connected with the “Assignment/ Job/ Engagement” nor shall they benefit directly or indirectly from th “Assignment/ Job/ Engagement” in any manner.
9. Bidders shall submit the copy of annual audited balance sheet and Income Tax return for the last three years. i.e. 2018-19, 2019-20 and 2020-21.
10. Team of concurrent auditor/qualified staff to be deployed should have proficiency altogether covering all local/vernacular language (along with Hindi & English for all deployed resources) for the respective centres as depicted under Annexure-13 at the time of commencement of engagement Centre-wise all local/regional language should be covered by the deployed team.
To Read More Details Download PDF Given Below:
In case of any Doubt regarding Membership you can mail us at [email protected]
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