Empanelment of CA Firm for Tripura State Electricity Corporation Limited

Empanelment of CA Firm for Tripura State Electricity Corporation Limited

Introduction

Tripura State Electricity Corporation Ltd. (TSECL)is a Government of Tripura Enterprise under Department of Power engaged in the business of purchasing, selling, generation, transmission and distribution of electricity. Further details are available on the Company website www.tsecl.in

Scope of Work

The selected firm has to cover all Divisions, Circles and Corporate Office at Agartala for preparation of Fixed Assets Register with due Physical Verification and reconciliation with Books of Accounts towards fixed assets located/installed of TSECL. The selected firm has to ensure that all the assets existing physically and supported by entries in Fixed Asset Register, as well as concerned finance record.

Requisite Eligibility Criteria, Qualification and Experience for selection (Check-list):

a. Only registered firm/agency with Institute of Chartered Accountant / Cost Accountants of India would be eligible to apply. b. Established Audit Farm’s experience in practicing for at least 05 years or more in various Govt. departments/PSUs/ABs, as on the last date of submission of EOI/Tender is eligible to submit their offer with valid documentary evidence in support of their experience. c. The firm/agency shall free from any disqualification as mentioned in the Companies Act, 1956. d. The firm registered must have Income Tax Permanent Account Number (PAN) and Goods and Service Tax Registration, Unique Code Number and CAG, if any. e. The firm/agency should have been in operation or in existence for at least 05 years or more after its registration, as on the last date of submission of EOI/Tender. f. Average Annual receipt/turn-over of the audit firm in the last three (03) financial years ending on March 31st, 2021 must be at least Rs. 25, 00,000 /- (Twenty-five lakhs). Audited balance sheet and Profit-loss account statements for last three years (2018-19, 2019-20 and 2020-21) should be attached. g. The bidder should submit partnership deed, if any, the last three financial years ITR return along with Bid application. h. The bidder should note that number of partners in the audit firm/ agency for not less than 05 years as on the last date of submission of EOI. The minimum number of partner Chartered/Cost Accounts is 02 or more. The partners must be holding certificate of Practice issued by Institute of Chartered / Cost Accounts of India and should be in whole time practice. i. The bidder should note that number of Physical verification assignments completed in various government (central or state or union territories) department/PSUs/Autonomous Bodies from F.Y. 2018-19to 2020-21. Further PSUS concerned should have at minimum net fixed asset (tangible & intangible) of Rs. 300 cores or above in the relevant year. Note: Requisite documentary evidences duly attested by the applicant firm with its official in support of criteria given at Para 7 (a) to (i) are required to be submitted with Bid application. Proposals without the requisite documentary evidences shall not be considered for evaluation.

General Terms and Conditions

(i) Empanelment of Firm of Chartered Accountants/Cost Accountants on rate contract for appointment as Physical Verification auditor shall remain valid for 3 financial years starting from F.Y. 2021-22. (ii) The Physical Verification work/assignment shall be awarded at the address of Head/Business Corporate Office of the selected firm. (iii) The tenure of appointment shall be at the sole discretion of the TSECL. The appointment for said assignment shall be made for each year separately and for a maximum of three years. The renewal of appointment each year shall be at the sole discretion of the TSECL subject to satisfactory performance of selected firm. However, it is expressly stated here that empanelment of the firm is not to be construed as assured appointment and the TSECL reserves the right not to appoint/reappoint at its sole discretion without assigning any reason thereof and without giving any more compensation thereof. (iv)Liquidated damage: The liquidated damages shall be levied for delay from the above timelines which shall be 0.5 every week or a part thereof subject to a maximum of 10%. (v) All entries in the offer shall be either typed or neatly hand written. overwriting/correction/erase and/or use of white ink should be avoided in the offer. However, if any over-writing/correction/erase is inevitable, the same should be authenticated with the signature & seal of authorized person of applicant firm. (vi) All the pages of the proposal document and documents submitted along-with the offer shall have to be authenticated by the authorized signatory of the applicant firm(s) with the firm's seal. (viii) Incomplete or conditional/hypothetical tender shall be summarily rejected. (ix) It will not be obligatory for TSECL to accept the lowest quotation and no explanation shall be given for the cause of rejection of quotation of any firm. No such obligation on the part of TSECL is also to inform the unsuccessful firms of the outcome of the tender process. (x) The contractor shall not employ any person who has not completed eighteen years of age. The firm shall comply with all the statutory provisions as laid down under various labor laws/acts/rules. In case of non-violation of any such statutory rules/laws /acts, there will not be any liability upon TSECL. (xi) TSECL will be under no legal obligation to provide employment to any of the personnel of the firm during / expiry of agreement period and TSECL recognizes no employer-employee relationship between TSECL and the personnel deployed by the firm/agency. To Read More Download PDF Given Below: