CA Empanelment-Application Format

-Empanelment of Chartered Accountant Firms for post-sanction monitoring and follow
up for assistance provided by MUDRA to various lending institutions
Micro Units Development & Refinance Agency Ltd. (MUDRA) was launched on April
08, 2015 as a wholly owned subsidiary of SIDBI to fund the unfunded micro
enterprises in the country. MUDRA is a Public Ltd. Company registered under
Companies Act, 2013 and registered with RBI as a Non-Banking Financial Institution
(NBFI) U/S 45-IA of RBI Act, 1934 with its registered office and Corporate Office at
MSME Development Center, C-11, G-Block, Bandra Kurla Complex, Bandra (E),
Mumbai 400 051. MUDRA provides refinance to last mile financiers like Banks, NBFC-
MFIs, NBFCs and other institutions engaged for lending to micro enterprises across
the country. For more details on MUDRA, please visit www.mudra.org.in
MUDRA invites proposals from eligible CA Firms for empanelment for post-
sanction monitoring and follow up for, assistance provided by MUDRA to various
lending institutions. Those firm who have experience in providing such services to
similar institutions including banks, may apply for the same. The indicative scope of
work is given in Annexure-I.
The eligibility criteria is given at Annexure II.
We request you to submit your proposal in a sealed cover on or before August 10,
2018 by 05.30 pm to The Chief Executive Officer, MUDRA Ltd., MSME Development
Centre, C-11, G-Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051
(Telephone Nos : 022-67221465/67531129; e-mail : mayadhar@mudra.org.in,
ceo@mudra.org.in.)
Annexure I
Broad Scope of Works
1. To carryout end use verification of beneficiaries by carrying out field visits
to ensure eligibility status & proper end use of funds by examination of
records / visits as deemed appropriate as per the MUDRA Refinance
Scheme.
2. If so desired by MUDRA, to undertake periodic visit to the office and field
areas of the lending institutions and as a rule, the gap between any two
visits to a particular MFI should not be more than six months. Frequent visits
may require for some of the cases, as advised by MUDRA from time to time.
3. Field visit should, inter alia, involve visiting office of the borrower entity of
MUDRA, discussions with Chief Executives/Management of the lending
institution, discussion with staff and participatory discussions with clients
of borrower entity.
4. Reporting to MUDRA in the prescribed format regarding the work
undertaken as per directions of MUDRA from time to time.
****
Annexure-II
S.No. Particulars Required Documents
1 The Firm Should possesses a valid registration (Firm Firm Registration

constitution Certificate)/ from the Institute of certificate from
Chartered Accountants of India. (documentary ICAI
proof to be taken).
2 The CA firm shall have minimum 2 partners. Details Firm constitution

of each partner including experience, qualification certificate,
etc. and their Membership Number with Institute of membership
Chartered Accountants of India (ICAI) to be certificate
submitted.
3 The CA firm shall have minimum 5 years of relevant Copy of
experience of certification of Book Debts, appointment/
monitoring visits, regulatory certifications required assignment letters
by RBI and other regulators, for NBFC-MFIs / NBFCs/
Banks.
4 The firm shall have suitable Infrastructural Brief profile of the
facilities, including office set up and qualified firm including
manpower for carrying out such exercises. The key contact details
professional staff shall have the competence and with email ids.
experience to carry out the assignment in a time
bound manner.
5 The firm shall have wide presence preferably across Details to be
States. The preference also be given to CA Firms furnished in the
having presence and operations in the states of attached format-I
Uttar Pradesh, Bihar, West Bengal, Odisha, Madhya
Pradesh, Tamil Nadu, Karnataka, Kerala, Delhi-NCR,
Assam, Chhattisgarh, Rajasthan, Maharashtra, and
Jharkhand.
MUDRA reserve the right to restrict the maximum

number of CA firms to be empaneled in a state/ on
all India basis, so as to have representation of all
the above states in the list of empaneled Firms.
6 The firm shall execute undertaking of fidelity and To be executed
secrecy on its letterhead in the format prescribed after
by MUDRA. empanelment.
7 The firm shall ensure that the exercise is carried out -do-
in a professional manner and in case of any
misconduct & negligence, MUDRA reserves the
right to report the matter to ICAI / RBI, under the
regulation / guidelines issued from time to time
8 The CA Firm should not sub-contract the assignment -do-

to any other firm/ company/ third party or other
persons.
9 A declaration to be furnished by the firm regarding -do-

its interests, if any, in the assisted unit of MUDRA
(for which due diligence exercise needs to be
carried out) in the capacity of Director/ promoter
etc.
10 A declaration should be furnished by the firm that -do-

credit facilities availed by the firm or partners or
firms in which they are partners or directors
including any facility availed by a third party for
which the firm or its partners are guarantor/s have
not turned or are non- performing assets, as per the
prudential norms of RBI. In case the declaration is
found incorrect, the assignment would get
terminated besides the firm being liable for any
action under ICAI/RBI guidelines.
Format-I
S.No Particulars Details

1 Address of the branch office
2 Name of the partner In-Charge
with contact no.
3 Details of the staffs in the Brach
with qualifications
5 Contact details
******

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-Empanelment of Chartered Accountant Firms for post-sanction monitoring and follow

up for assistance provided by MUDRA to various lending institutions

The eligibility criteria is given at Annexure II.

S.No. Particulars Required Documents

1 The Firm Should possesses a valid registration (Firm Firm Registration

2 The CA firm shall have minimum 2 partners. Details Firm constitution

MUDRA reserve the right to restrict the maximum

8 The CA Firm should not sub-contract the assignment -do-

9 A declaration to be furnished by the firm regarding -do-

10 A declaration should be furnished by the firm that -do-

S.No Particulars Details

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