RBI\/2014-15\/394
DGBA.GAD.No.H -2995\/31.12.010\/2014-15<\/p>\n

January 7, 2015<\/p>\n

The Chairman \/ Chief Executive Officer
All agency banks<\/p>\n

Dear Sir \/ Madam<\/p>\n

Payment of agency commission \u2013 Certification of claims by external auditors<\/p>\n

Please refer to our circular DGBA.GAD.No.2528\/31.12.010 (C)\/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate to be furnished by the auditors has since been slightly amended. The agency commission claims submitted to our Regional Offices and Central Accounts Section, Nagpur may henceforth be accompanied by a certificate as per the revised format enclosed.<\/p>\n

Yours faithfully<\/p>\n

(Monisha Chakraborty)
General Manager
Enclo: As below:<\/p>\n

<\/a>CERTIFICATE
\nBY THE BRANCH OFFICIAL<\/span><\/strong><\/o:p><\/p>\n

 \u201cCertified that the amount of Rs\u2026\u2026. claimed as agency
\ncommission has been arrived at correctly taking into account the number of
\ntransactions in respect of\u2019 receipts\u2019 and \u2018pension payments\u2019 and the amount of
\ntransaction in respect of \u2018payments other than pension\u2019 as recorded in the
\ndaily scrolls of Government transactions furnished to the accounting
\nauthorities of the Central\/ State Governments\/RBI and other records available
\nin the branch and that only eligible items as specified in RBI Master Circular
\non “Conduct of Government Business by Agency Banks – Payment of Agency
\nCommission” have been considered while arriving at the said amount. We
\nalso certify that the number of receipt transactions for which agency
\ncommission is claimed is exclusive of the transactions pertaining to own tax
\nliabilities of the bank and the taxes deducted at source under various items of
\nthe IT Act<\/p>\n

 <\/p>\n

 Signature,
\nname and designation of the authorized signatory and seal of the bank<\/em><\/p>\n

\n

  <\/p>\n

CERTIFICATE BY THE CHARTERED
\nACCOUNTANT<\/strong><\/p>\n

 Certified
\nthat we have examined<\/em> the records relating to the Government
\ntransactions carried out by the branch and that the amount of Rs\u2026\u2026\u2026\u2026.
\n(Rupees\u2026\u2026\u2026\u2026\u2026..) claimed as agency commission has been audited and found
\ncorrect<\/em>, taking into account the number of transactions in respect of
\n\u2018receipts\u2019 and \u2018pension payments\u2019 and the value of transactions in respect of
\n\u2018payments other than pension\u2019 as recorded in the daily scrolls of<\/p>\n

\n

 <\/p>\n

Government
\ntransactions furnished to the accounting authorities of the Central\/State
\nGovernments\/RBI and other records available at the branch. It is also certified
\nthat the agency commission as aforesaid has been arrived at on the basis of
\nonly eligible transactions as per the extant instructions of RBI and that the
\nreceipt transactions are exclusive <\/strong>of the transactions pertaining to all
\ntax liabilities of the bank.<\/p>\n

 <\/p>\n

 Signature,
\nName, Registration No. and address of the Chartered Accountant<\/p>\n

\n

 <\/p>\n

<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

RBI\/2014-15\/394DGBA.GAD.No.H -2995\/31.12.010\/2014-15 January 7, 2015 The Chairman \/ Chief Executive OfficerAll agency banks Dear Sir \/ Madam Payment of agency commission \u2013 Certification of claims by external auditors Please refer to our circular DGBA.GAD.No.2528\/31.12.010 (C)\/2012-13 dated October 31, 2012 prescribing the format for certification of agency commission claims by external auditors (Chartered Accountants). The certificate … 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":[10],"tags":[174],"class_list":["post-1852","post","type-post","status-publish","format-standard","hentry","category-banking","tag-rbi"],"yoast_head":"\n