Empanelment of Agency Under SARFAESI Act Format

Eligibility Criteria for empanelment of Enforcement Agncy
(Proprietorship firms/Partnership firms/Companies/Corporations)
I. Essential criteria
Enforcement Agency & the promoter/key personnel /officials should comply
with the following criteria:
(i) Indian citizen/ entity constituted under Indian Law.
(ii) No disqualification such as removal /dismissal from enforcement related service

earlier or cooling period, if any granted, is not over.
(iii) Not convicted of any offence and sentenced to a term of imprisonment.
(iv) Not been found guilty of misconduct in professional capacity or offence

involving moral turpitude or otherwise,
(v) Possesses PAN Card / GSTIN as applicable. Possesses appropriate
infrastructure, supporting information technological systems, professionals and
consultalts.
(vi) Not blacklisted by any bank nor any complaint filed against the firm before CBI
/ Serious Fraud Investigation Cell / Court.
II. Other Criteria:
(i) Minimum experience of three (3) years with Public Sector Bank(s) as EA
service provider.
(ii) Completed at least three (3) assignments successfully as EA with Public Sector
Bank(s) during immediately preceding 3 years.
(iii) The experience of Key personnel of the EA firm may be considered in lieu of
the experience requirement as stated in Other Criteria (i) and (ii) above.
(iv) No complaints pending against EA and/ or any of its employee/ associates /

agency etc. before Police and also not involved in court cases especially in the
matters, which are in deviation to the extant RBI guidelines on EA and scope of
work indicated by the bank.
(v) The registration of the agency shall be at least three (3) years old.
(vi) The promoter/key personnel/ officials of the EAs shall be at least graduates from
any reputed university in India / abroad. Preference will be given to the Agency
having Accounting / Engineering / Law Professionals.
(vii) Adequate knowledge of the provisions of SARFAESI Act, 2002 [including
subsequent amendments] and also well conversant with the duties of Authorized
Officer [AO] including support required by them.
(viii) Conversant with the activities related to taking possession and sale of assets
under the SARFAESI Act.
(ix) Possess thorough knowledge of the extant RBI guidelines and also instructions/
circulars issued by RBI/IIBF/IBA from time to time.
(Application form for Empanelment of Enforcement Agency)
1. Name of the Applicant:

2. Name of the other group
firm/company, if any
3. Contact Details
Established since:
4.
Constitution:
(Whether company / Partnership
firm / LLP firm / Proprietorship
concern)
PAN No.:
GSTIN No.
Name of Bankers:
5. Whether registered under any
Act
6. Membership with Professional
Body (if any)
7. Whether Registered for Service
Tax, PF, ESIC, etc.(If so,
mention numbers & date)
8. Details of Personnel working in EA:(who are to be engaged in EA activity)
Sr. Description Name Age Qualification Experience Citizenship
No (Indian/NRI/
Foreign)
a. Name of
Proprietor /
Partners /
Director(s)
b. Name of key
functionaries
9. Area of Expertise (details)
a. Whether the company is a
Management consulting firms,
accounting firms, firms offering
asset recovery management
services and NBFCs. Please
specify;
b. Please specify and give details
on expertise in asset recovery
management services
10.
Infrastructure of EA :
a. No. of persons employed :
No of partners associated:
b. No. of persons engaged in EA

activity
c. Out of (b) above, no. of

employees;
(i) In respect of whom police
verification has been carried out
(ii) Conversant with the activities
related to taking possession and
sale of assets under the
SARFAESI Act.
(iii) Adequate knowledge of the
provisions of SARFAESI Act,
2002 [including subsequent
amendments] and also well
conversant with the duties of
Authorized Officer [AO]
including support required by
them.
(iv) Possess thorough knowledge
of the extant RBI guidelines and
also instructions/ circulars issued
by RBI/IIBF/IBA from time to
time.
Branch Network of EA Agency:

d.
i. State-wise presence (with
address of offices)
ii. Number of Branches in each
State
[Furnish details viz. addresses,
phone & fax numbers and email
ID etc].
e. Turnover and Profit of the Entity
Year Turnover Net Profit
for last 3 F.Y.
(Rs Lakh)
11. Details of existing empanelment {Min 3 years with Public sector Banks (PSBs)}:
Name of the Details of assignment Details of Details of assignments
client with undertaken [at least 3 assignments completed
empanelment assignment letters] entrusted
date (Give brief details) (Give brief details)
12. Brief details of preceding 3 years experience in EA activity. Please elaborate on the
experience with Banks (especially with PSBs)/Financial Institutions/NBFC (if any):
13. References (Details of at least 3 references from Banks/Financial Institutions/NBFCs)
(i)
(ii)
(iii)
14. Details of account maintained with IDBI Bank Ltd (City wise/Account nos.):
City Name Account Nos.
15. Whether the applicant was de-listed from any Banks Panel on earlier occasion. If so,
furnish details;
16. Whether the entity has been put in the negative list by IBA/any public sector
bank/Government organization or any of its clients for breach of applicable laws/violation
of regulatory prescriptions or breach /deficiency of services. If so, furnish details?
17. Place for which the agency is applying for Empanelment (Ref. 10.d)
18. Additional information, if any:
UNDERTAKING
I/We,………………………….(name)Son/Daughter of Shri …………., Proprietor/
Partner/Director of M/s……….., state that the information furnished above is true and correct
to the best of my/our knowledge. I/We agree, that in the event that any
concealment/distortion of facts furnished above is brought to notice of the Bank subsequent
to empanelment/appointment by IDBI Bank Ltd, IDBI Bank Ltd would be at liberty to
terminate the said empanelment/appointment without notice or damages whatsoever.
(Signature)
To be signed by authorized signatory
Designation
Enclosures:
Self Attested copy of following documents:
(i) Certificates proving Educational qualifications.
(ii) Experience Certificate.
(iii) Copy of Registration, if any.
(iv) Reference Letters.
(v) Copy of Membership of Professional Bodies, if any.
(vi) Copy of PAN Card / GSTIN, etc.
(vii) Address proof.
(viii) Memorandum and Articles of Association in Case of Companies/Partnership deed in
case of Partnership Firm.
Undertaking from EA
(Notes: (1) To be stamped as an Affidavit in accordance with the local Stamp Law in force in the
State in which it is sworn/affirmed before the Magistrate; and (2) To be affirmed before a Notary
Public or a Magistrate or any other person competent to administer oaths, who should affix his
Official Seal.
(To be provided at the time of submitting Application form)
I, ………………….son/daughter of ………………………., am authorized by the ………

(firm/company) to furnish the below undertaking on behalf of ……………
(firm/company).
I, on behalf of …… (firm/company) do hereby solemnly affirm and state that :
(i) The Firm/Company (also known as “Agency”) is an entity constituted under Indian
Law and the promoters/partners/key personnel are Indian citizens
(ii) There has been no disqualification such as removal /dismissal of the agency from
service earlier
(iii) The Agency/promoters/partners/key personnel - have not been convicted of any offence
and sentenced to a term of imprisonment,
(iv) The Agency/promoters/partners/key personnel have not been found guilty of
misconduct in professional capacity, or offence involving moral turpitude or otherwise,
(v) The Agency’s promoters /partners/key personnel are not a un-discharged insolvent,
(vi) The Agency possesses PAN Card / GSTIN
(vii) The Agency has not been blacklisted by any bank nor any complaint filed against the
firm/company before CBI / Serious Fraud Investigation Cell / Court.
(viii) The Agency shall ensure that there is no any conflict of interest in the assignments
entrusted by the Bank and if the Agency comes to know of any such conflict of interest,
they shall disclose the same immediately to the Bank.
(ix) I on behalf of ………….. (firm/company) undertake to keep the Bank informed of any
events or happening which would make the agency ineligible for empanelment as a
Enforcement Agency.
(x) I have not concealed or suppressed any material information, facts and records and I
have made a complete and full disclosure.
Solemnly affirmed at ___________ on ___ the Day ________ 2019

(Authorised Signatory)
Deponent
Identified By Me
Notary Public

Empanelment of Agency Under SARFAESI Act Format

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Eligibility Criteria for empanelment of Enforcement Agncy

(Proprietorship firms/Partnership firms/Companies/Corporations)

(ii) No disqualification such as removal /dismissal from enforcement related service

(iii) Not convicted of any offence and sentenced to a term of imprisonment.

(iv) Not been found guilty of misconduct in professional capacity or offence

II. Other Criteria:

(iv) No complaints pending against EA and/ or any of its employee/ associates /

1. Name of the Applicant:

b. No. of persons engaged in EA

c. Out of (b) above, no. of

Branch Network of EA Agency:

13. References (Details of at least 3 references from Banks/Financial Institutions/NBFCs)

City Name Account Nos.

I/We,………………………….(name)Son/Daughter of Shri …………., Proprietor/

(To be provided at the time of submitting Application form)

I, ………………….son/daughter of ………………………., am authorized by the ………

Solemnly affirmed at _________ on _ the Day ________ 2019

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