Empanelment of CA Firm for Internal Audit of Narmada Clean Tech

Scope of Work

1. Verification of books of accounts and review whether the same are in compliance with applicable “Accounting Standards and Principles”;

2. Verification of vouchers viz. Cash and Bank Payments, Journal Vouchers, Receipts and Invoices and Bank Reconciliations etc. with applicable orders and bills;

3. Verification of Statutory Payments viz. PF, ESIC, TDS and GST (Goods and service Tax) and compliance of applicable tax laws, deduction of applicable taxes in prescribed manner and deposit / remittance of the same within prescribed time limit;

4. Verification of Fixed Asset register as required under the Companies Act, 2013; physical verification of assets addition on quarterly basis.

5. Physical verification of stock of raw material, stores & consumables on quarterly basis; report on slow moving / nonmoving inventory items.

6. Verification of stock valuation and synchronization of the same with books of accounts;

7. Verification of Capital and revenue received from member industries with respect to prevailing policy, verification of baseline data for preparation of monthly revenue billing.

8. Verification of records related to member industries.

9. Verification of overall purchase procedure including tendering process, negotiation process, terms & conditions of order etc.;

10. Verification of compliance as per companies act 2013;

General Pre-qualification (Pq) Criteria for Appointment of Internal Auditor

1. CA/CMA Firm should have minimum 5 (Five) years of experience to work as internal auditor of reputed large/medium sized companies, preferably of the companies with waste water management with pipeline network.

2. CA/CMA Firm should have their Head/Registered office in Gujarat and fulltime branch office at Bharuch/Surat/Vadodara districts with qualified manpower as mentioned in below point “3 “.

3. CA/CMA Firm should have minimum 03 (three) Qualified CA /CMA as full time partners/employees with minimum 05 years of audit experience and minimum 07(seven) full time staffs having adequate knowledge to conduct such audits. Any changes in this criteria during appointment tenure should be intimated in writing to Company.

4. CA/CMA Firm or its partners/director should not have had any disputes with NCT and not filed any legal cases against NCT Management & Directors currently and during last five years.

5. Only pre-qualified CA/CMA Firm will be invited by the NCT for commercial offer.

6. CA/CMA Firm who were appointed as “Internal Auditors” in previous years is not eligible for this pre-qualification process, the cooling period of at least 2 years is applicable.

7. CA/CMA Firm can visit ,vww.nctc.co.in for more details about the NCT, the financials of earlier years are available on the website.

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