{"id":1680,"date":"2015-07-22T00:00:00","date_gmt":"2015-07-21T18:30:00","guid":{"rendered":""},"modified":"2015-12-31T09:43:52","modified_gmt":"2015-12-31T04:13:52","slug":"last-date-for-submission-mef-of-applications-on-the-website-is-31st-august-2015","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/opportunities\/last-date-for-submission-mef-of-applications-on-the-website-is-31st-august-2015\/","title":{"rendered":"Last date for submission MEF of applications on the website is 31st August, 2015"},"content":{"rendered":"

Points which shall be carefully read and be taken care for Multipurpose Empanelment Form (MEF) for the year 2015-16<\/p>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1<\/strong><\/td>\nAll the members in full time practice are advised to fill the MEF Form and shall submit full details in the MEF as this panel will also be available for the assignments other than the bank branch audit. The applicants falling under “cooling\/rest” for Bank Branch Auditors Panel should also submit MEF as cooling\/rest year does not count for the particular year of non-application.<\/td>\n<\/tr>\n
2<\/strong><\/td>\nLast date for submission of applications on the website www.meficai.org<\/a> is 31st<\/sup>August, 2015<\/strong>. Members are advised to fill MEF well in advance to avoid last minute rush.<\/td>\n<\/tr>\n
3<\/strong><\/td>\nPlease use Internet Explorer 6.0\/ Mozilla Firefox 7.0 or later versions to fill MEF 2015-16.<\/td>\n<\/tr>\n
4<\/strong><\/td>\nThe information filled in by the applicant in MEF can be edited\/modified any number of times before final online submission.<\/td>\n<\/tr>\n
5<\/strong><\/td>\nAll correspondence, acknowledgement, discrepancy letters, etc. will preferably be through e-mail only. Please fill up e-mail id correctly and ensure that it is active.<\/td>\n<\/tr>\n
6<\/strong><\/td>\nIt is must to provide correct contact details i.e. telephone number, e-mail-id also to keep track of these as and when allotment procedure starts.<\/td>\n<\/tr>\n
7<\/strong><\/td>\n(a)<\/strong> Unique Code Number (UCN) is very important as it facilitates compiling the applicants’ bank audit experience. Therefore, an applicant must ensure that correct UCN appears in the MEF. 
(b)<\/strong> If the applicant has never been allotted UCN at any point of time, we would like to inform that UCN will be allotted to all eligible applicants at the time of preparation of the Bank Branch Auditor’s Panel. 
(c)<\/strong> If UCN was allotted earlier, please mention this in Memorandum of changes in case it is not appearing in the MEF and also in the hard copy of the declaration. The changes will be incorporated in MEF Database after due verification.
(d)<\/strong> For MEF 2015-16, UCN will also be allotted to the non-eligible applicants for Bank Branch Auditors\u2019 Panel so that their data can be sent to the requisite authorities for other bank audits and other assignments. However, the following applicant will not be allotted UCN : <\/p>\n
    \n
  • Member practicing in his individual name not holding full time CoP and\/or associated as partner\/ proprietor\/Chartered Accountant employee in any other firm.<\/li>\n
  • In case of firm, if none of partner\/proprietor is\n
      \n
    • exclusively associated#<\/sup> with the firm.<\/li>\n
    • holding fulltime Certificate of Practice (CoP).<\/li>\n<\/ul>\n<\/li>\n

      #<\/sup> A member is not treated as exclusively associated with the firm if he is a partner in any other firm or is a sole proprietor of any other proprietary firm or is a paid employee elsewhere.<\/ul>\n

      Therefore, you can apply for Multipurpose Empanelment Form without UCN also.<\/td>\n<\/tr>\n

8<\/strong><\/td>\nApplicant practicing in individual name should continue to use the same UCN in case he forms a sole proprietary concern.<\/td>\n<\/tr>\n
9<\/strong><\/td>\nMembers may note that experience in capacity, as articled\/audit assistant or paid employee\/assistant should not be added in experience columns\u2019 to be mentioned in questions of MEF.<\/td>\n<\/tr>\n
10<\/strong><\/td>\nIn case the applicant was appointed as Central\/Branch Statutory Auditor of a Public Sector Bank in the previous financial year, the following may be noted to avoid conflict of Interest :<\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 a.<\/strong><\/td>\nDon\u2019t associate with the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries\/associates, as concurrent\/internal\/income and expenditure or revenue auditor\/stock auditor\/ accounts etc of the bank\/branch of banks & monitoring of borrowing sick unit.<\/td>\n<\/tr>\n
 b.<\/strong><\/td>\nDon\u2019t take a loan (including outstanding on credit card) from\/give a guarantee to a loan from the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries\/associates.<\/td>\n<\/tr>\n
 c.<\/strong><\/td>\nDon\u2019t accept the position of a Director on the Board of the same Bank (of which the applicant is appointed as statutory auditor) or any of its subsidiaries\/associates.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
11<\/strong><\/td>\nIf an applicant has done audit of two or more than two entities or Statutory Central and\/or as well as branch audit of a Bank for the same year, then it should be counted as one year experience only, while filling-up various questions of MEF.<\/td>\n<\/tr>\n
12<\/strong><\/td>\nThe Institute reserves right to call for additional information including financial documents, annual financial statements, income tax & service tax returns and such other documents, from the applicant as may be considered appropriate.<\/td>\n<\/tr>\n
13<\/strong><\/td>\nWhile every care is taken in preparing the panel, in the event of any inadvertent mistake or omission, the Institute will not be responsible in any manner.<\/td>\n<\/tr>\n
14<\/strong><\/td>\nThe Institute does not undertake any responsibility with regard to the allotment of audit.<\/td>\n<\/tr>\n
15<\/strong><\/td>\nPROCEDURE FOR LOGGING INTO MEF:<\/strong><\/td>\n<\/tr>\n
\n
16<\/strong><\/td>\nAll the information being sourced from Institute database is static (not editable) and the same will be appearing with green background. Applicants, who do not agree with the details appearing in these fields, should fill in the Memorandum of Changes.<\/td>\n<\/tr>\n
17<\/strong><\/td>\nStatus of the applicant as on 01.01.2015 will be considered for categorisation of the applicant for Bank Branch Auditors\u2019 Panel, subject to the following: <\/p>\n\n\n\n\n\n\n
 (a).<\/strong><\/td>\nIn case, any of the partner resigns during the period from 01.01.2015 till the date of final preparation of the panel for submission to RBI (tentatively in October, 2015), the same will be given effect to as per the data base of the Institute and provisional category as on 01.01.2015 as mentioned in acknowledgement will stand modified accordingly. This means the credit will be given for only those continuing partners (from out of the partners as on 01.01.2015) who have signed the declaration, for categorisation in Bank Branch Auditors\u2019 Panel. Further, the credit will not be given for the partners who have joined subsequent to 01.01.2015.<\/td>\n<\/tr>\n
 (b).<\/strong><\/td>\nIn case any of the Chartered Accountant employee as on 01-01-2015 resigns during the period from 01.01.2015 till the date of final preparation of the panel for submission to RBI (tentatively in October, 2015), and another Chartered Accountant employee joins during the same period, category as mentioned in acknowledgement will remain unchanged.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
18<\/strong><\/td>\nCOMPLAINT FILING MECHANISM<\/strong><\/td>\n<\/tr>\n
\n\n\n\n\n\n\n\n\n\n\n
 a.<\/strong><\/td>\nIn case, an applicant faces any problem in accessing, operating or submission of MEF, complaint may be lodged by accessing complaint-box link available on www.meficai.org<\/a><\/td>\n<\/tr>\n
 b.<\/strong><\/td>\nApplicants can lodge their complaint by using either MEF No.\/ MRN \/ FRN<\/td>\n<\/tr>\n
 c.<\/strong><\/td>\nComplaint number will be displayed on the system after successful lodging of complaint. Please note the complaint number for future reference. Applicant would be able to view the status of their complaints by using MEF No. \/Complaint No.\/MRN\/FRN.<\/td>\n<\/tr>\n
 d.<\/strong><\/td>\nAll the complaints lodged by the applicant would be looked into by PDC Secretariat.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
19.<\/strong><\/td>\nIn case, the complaint is not resolved or replied within a week<\/strong>, members can call at 011-30110444, 30110438, 30110440, 30110451, 30110480 and 30110508.<\/td>\n<\/tr>\n
 20.<\/strong><\/td>\nSUBMISSION OF DOCUMENTS<\/td>\n<\/tr>\n
<\/strong><\/td>\nA hard copy of the Declaration<\/strong> duly signed by all (the continuing) partners\/ proprietor\/ member practicing in individual name accompanied by a print of acknowledgement of submission of MEF must be sent to ICAI by courier\/speed post\/hand delivery at the following address in an envelope superscribed with “DECLARATION FOR MEF 2015-16<\/strong>” so as to reach on or before 15th<\/sup>September 2015<\/strong>.<\/td>\n<\/tr>\n
\n\n\n\n
\n\n\n\n\n
The Secretary
Professional Development Committee
The Institute of Chartered Accountants of India
“ICAI Bhawan” Plot No- A- 29
Sector- 62, NOIDA
Dist: Gautam Budh Nagar
Uttar Pradesh
PIN- 201309<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
21.<\/strong><\/td>\nReceipt of hard copy of the Declaration will not be individually acknowledged. The same will be displayed on the website mentioning MEF number within 15 days of receipt of the Declaration. Declarations will then be verified for completeness and correctness and discrepancy (ies), if any, will be intimated to the applicant by email.<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Members are advised not to correspond directly with the authorities on matters related to empanelment.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Points which shall be carefully read and be taken care for Multipurpose Empanelment Form (MEF) for the year 2015-16 1 All the members in full time practice are advised to fill the MEF Form and shall submit full details in the MEF as this panel will also be available for the assignments other than the … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[289],"yoast_head":"\nLast date for submission MEF of applications on the website is 31st August, 2015 - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/opportunities\/last-date-for-submission-mef-of-applications-on-the-website-is-31st-august-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last date for submission MEF of applications on the website is 31st August, 2015 - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Points which shall be carefully read and be taken care for Multipurpose Empanelment Form (MEF) for the year 2015-16 1 All the members in full time practice are advised to fill the MEF Form and shall submit full details in the MEF as this panel will also be available for the assignments other than the ... 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