Appointment of CA Firms as Internal Auditors for JRO, HuDCO

Subject:- Notice Inviting Tender for Appointment of Chartered Accountants’ Firm as Internal Auditors for Jaipur Regional Office of HUDCO.

Housing and Urban Development Corporation Ltd. (HUDCO) is a premier techno financing Government of India listed company in the field of housing and urban development activities. Its Regional Office at Jaipur intends to appoint a Chartered Accountants’ firm as Internal Auditors for a continuous period of 3 years starting from F.Y. 2020-2021. However, the appointment shall be renewed on yearly basis based on the satisfactory performance in the previous years.

Eligibility Criteria:-

The minimum eligibility criteria (as per Annexure-III) are as follows:-

1. The Chartered Accountants’ Firm should have at least three years’ experience in undertaking Internal Audit Work of Public Sector Undertakings.

2. CA Firm should have minimum three number of partners (CAs) and minimum five number of paid assistants {qualified (CA/CMA)/semi qualified (CA/CMA-inter)}.

3. CA Firm should have local office within Jaipur (Not Home Address) having minimum five working staff (including one partner)

4. CA Firm should have at least two years’ experience in handling Tax related matters including filing of TDS returns in respect of Public Sector undertakings.

Further, the Chartered Accountants’ firm would give an undertaking:-

i) that none of the partners has any relation with any employee of HUDCO and also none of them has any relationship within the meaning of Section 2(76) of the Companies Act, 2013 and also that none of them has any relationship with the Statutory Auditors (M.s Prem Gupta & Co.) and also will ensure compliance under section 184 and 188 of the Companies Act, 2013, and

ii) Certified that we have not been appointed for carrying out certification/consultancy or such related work of Jaipur Regional Office which will have conflict of interest with the assignment as above as internal auditors of Jaipur Regional Office.

Scope of Work:-

The Scope of Work would be as per Annexure-I with checklist at Annexure- II, and the Specimen Format of the report to be followed as per Annexure- IV.

Interested eligible Chartered Accountants’ firms may submit their Technical and Price Bid in separate sealed covers along with proof of remittance of Rs. 5000/- (Rupees Five Thousand Only) to HUDCO as earnest Money in overall sealed envelope as per 2 bid system. The financial bids of only those bidders would be opened who qualify the technical criteria as prescribed.

Earnest Money :

Earnest money of Rs. 5000/-(Rs. Five Thousand Only) (Refundable for no- qualifying firms) should be remitted through E–Payment/ NEFT/ RTGS etc. to HUDCO’s Current Account details of which are given below:-