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Application of Revised Empanelment Norms for Bank Branch Auditors’ Panel

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Application of Revised Empanelment Norms for Bank Branch Auditors’ Panel

Members may please note the application of the new empanelment norms as given in the examples below :

  • A & Co. is a partnership firm of 2 partners B & C. B has a proprietorship firm of his own, B & Co.
    • A & Co. and B & Co. both apply – B & Co. will be rejected and A & Co. will be treated as a proprietorship firm.
    • Only A & Co. applies – A & Co. will still be treated as proprietorship firm.
  • ABC is a partnership firm of 3 partners, and all 3 have proprietorship firms A & Co, B & Co. and C & Co. – All applications (ABC, A & Co., B & Co., C & Co. or any combination thereof, or of the individual firms) will be rejected.
     
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