Bank audit empanelment

This query is : Resolved

Debashis Mandal (Querist)
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23 February 2013 Respected Experts,

A CA who is practicing under a proprietorship firm got Allahabad Bank branch audit last year & that was his first audit after a long gap - now this year RBIs panel list has shown him ineligible - without showing any further reason - now what is to do or is there any place where such ineligibility reason can be asked or any grievance cell if any etc.
pls. furnish the address

Thanks

Debashis Mandal

Rashid Mehmood

Rashid Mehmood (Expert)
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23 February 2013 Dear Mandal

Auditor's appointment for the banking or non banking financial institutions are subject to the banking law and prudential regulations issued by central/ state bank of the country. you may ask the bank to provide the reason and reference of the clause of banking law or prudential regulations used to state the ineligibility of the appointment. however there may be some other reasons i.e.

auditor is not meeting with the criteria,
may not have sufficient required banking audit exposure and so on.

regards,